Feedback letters to the eight largest, most complex domestic banking organizations, plus 56 foreign banking organizations, received feedback letters sent jointly by federal regulators on their 2025 resolution plan – or “living will” – submissions. […]
The Treasury Department and federal financial institution regulators are charged in a recent executive order to take action aimed at mitigating potential credit risks post by the “non-work authorized population.” “My Administration will not tolerate […]
Clearing and settling of payments is the aim of a proposed “payment account” by the Federal Reserve, which would be used by legally eligible financial institutions, the agency said late Wednesday. Comments are due July […]
A revised regulatory ratings system for banks and credit unions will be available for public comment for 90 days, the regulators said late Wednesday as the proposed new scheme was unveiled. The ratings regiment – […]
Federal Reserve Board governors on Friday voted to name Jerome (“Jay”) Powell as chair pro tempore, a designation that the Fed said will continue until Kevin Warsh is sworn in as new chair. That swearing […]
Stephen Miran submitted a letter of resignation from the Federal Reserve Board Thursday to make way for the return of Kevin Warsh, whose nominations this March by President Donald Trump to the Fed Board as […]
Nearly three in four adults – 73% — said in 2025 they were either doing okay or living comfortably financially, according to a report issued Wednesday by the Federal Reserve. The Fed said the findings […]
There was no uptick in demand for most loans, and lending standards remained tight, in the first quarter according to survey results released Monday by the Federal Reserve. The agency said results of its April […]
Community banks will have “greater flexibility to use a simpler measure of capital adequacy and reduce regulatory burden” under a final rule issued Thursday by federal banking regulators. According to the agencies, the rule modifies […]
Consumer financial strain, increased price sensitivity, and rising demand at food banks and other social service organizations were reported by “many districts” in the Federal Reserve’s latest Beige Book released Wednesday. The Fed report said […]
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