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Survey seeks to determine how well market is proceeding in shedding LIBOR from legacy contracts

August 9, 2022 0

Steps underway now and plans going forward to move to new rates or to update fallback language in a reference rate that goes out of existence next summer are the subject of a survey being sent to borrowers and lenders, [...]
NCUA names new business innovation director and chief data officer

August 9, 2022 0

Amber Gravius has been named Director of the Office of Business Innovation and Chief Data Officer for the National Credit Union Administration (NCUA), the agency announced Tuesday. According to the NCUA, Gravius previously served in the office’s director post in [...]
Fed raises interest rate on banks’ Reg D reserves, primary credit rate

August 9, 2022 0

Two key rate changes were approved by the Federal Reserve Board in connection with the central bank’s July 27 increase in the federal funds target rate, according to notices Tuesday in the Federal Register on revisions to the Fed’s Regulation [...]