Consumers are relying more on their cards, both credit and debit, in making their payments – and debit cards are increasingly becoming their card of choice, a report issued Thursday stated. In its Federal Reserve […]
Monitoring levels of nonfinancial business leverage, and completion of the transition to a new, alternative reference rate, were among four recommendations made by the top-level council of financial regulators in its annual report, issued Wednesday. […]
The Federal Reserve will continue to go about its business and not be distracted by political considerations, the chairman of the central bank’s board said Wednesday in backing the independence of his agency. He also […]
While alternative data is helpful for financial technology, or “fintech,” companies to use in determining borrowers’ creditworthiness, the Consumer Financial Protection Bureau and the federal banking agencies should communicate with these lenders about how to […]
With less than two weeks left in the year, officials at the federal insurer of deposits in banks are keeping their fingers crossed that a “zero sum” will continue undisturbed. Meanwhile, over at the federal […]
Possibly in a move to pick her battles, the new director of the federal consumer financial protection agency Wednesday told her staff that she was pulling the plug on a name change instituted by her […]
A final rule allowing a three-year phase-in of new accounting rules to ease the impact for banks on regulatory capital requirements was approved by the Federal Deposit Insurance Corp. (FDIC) Board Tuesday. The final rule […]
The minimum threshold for applicability of stress tests would jump from $10 billion to $250 billion, the frequency of required stress tests would move to “periodic,” and the number of required stress testing scenarios would […]
An operating budget that is 2.3% lower than the previous year was approved for 2019 by the Federal Deposit Insurance Corp. (FDIC) Board Tuesday, continuing a downward trend for the agency that started after the […]
A bulletin describing the notice of proposed rulemaking on an updated framework for measuring derivative counterparty credit exposure by the three federal banking agencies was published Monday by the regulator of national banks. The Office […]
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