Loans secured by high-quality assets purchased from single state and other tax-exempt municipal money market mutual funds will be available to financial institutions under an expansion of the Federal Reserve’s liquidity program announced this week, […]
The nation’s central bank issued a statement Thursday that it was encouraged by the notable increase this week in discount window borrowing, “with banks demonstrating a willingness to use the discount window as a source […]
Title: Regulatory Capital Rule: Eligible Retained Income Subject: Capital Agency: FDIC, Federal Reserve, OCC Status: Interim final rule; request for comments Summary: In light of recent disruptions in economic conditions caused by the coronavirus disease […]
The federal insurer of bank deposits on Thursday issued a demand that Monetary Gold, a precious metals trader based in Woodland Hills, Calif., cease and correct its misleading advertising that falsely claims consumers’ federally insured […]
An interagency set of questions and answers (Q&As) addressing banking regulators’ recent encouragement for banks to use their capital and liquidity buffers to keep lending during the coronavirus pandemic was released Thursday via a Financial […]
Certain accounting standards – including those related to current expected credit losses (CECL) – should be either relaxed or postponed due to the financial impact of the coronavirus impact, the board chairman of the federal […]
The federal banking agencies will provide favorable consideration under Community Reinvestment Act (CRA) rules of certain banking services and community development activities by banks related to the coronavirus crisis, the agencies said Thursday. In a […]
Two sets of frequently asked questions (FAQs) – one for financial institutions, one for consumers – about the financial impact of the coronavirus crisis were released Thursday by the federal insurer of bank deposits, including […]
Savings in federally insured credit unions are safe and sound in the face of the financial impact of the coronavirus crisis, the federal credit union regulator said Thursday, following in the footsteps of a similar […]
Following up on the creation of a facility to shore up money market mutual funds, the federal banking agencies Thursday released an interim final rule that gives financial institutions the latitude to actually use the […]
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