Randal Quarles

Lawmakers blasted an apparent decision by the OCC and FDIC to move forward with a proposal to reform the Community Reinvestment Act without the support of the Fed.

The Cleveland Fed president dismissed concerns about the central bank's faster payments system competing with The Clearing House's network, while saying that a national digital currency is less of a necessity in the U.S. than in other countries.

Executives sent a letter to the federal banking regulators last month expressing concern that an alternative to the London interbank offered rate could limit credit availability.

The Fed’s top regulatory official said how agencies adjust their supervisory approach may prove just as important as their rulemaking efforts.

The top regulatory official at the central bank said it could deploy either one of two tools to revise the proposed stress capital buffer. The plan aims to streamline the stress test program.