Industrial Production Declines in December
Industrial production increased 0.1% in December after moving up 0.7% in November. Total industrial production in December was 3.7% higher...
Newsbytes
Consumer Sentiment Decreases in January
Consumer Sentiment was 68.8 in January according to the University of Michigan Consumer Sentiment Index. January’s figure was 2.5 points...
Biden Announces Three Key Fed Nominations
As expected, President Biden today nominated Sarah Bloom Raskin to serve as vice chair for supervision at the Federal Reserve...
Banking Trades Urge Further Study of Overdraft Use
A group of financial trade associations led by ABA today urged the CFPB to conduct a study of consumers’ preferences...
Brainard: Fed Will Not Tell Banks to Restrict Lending to Oil and Gas Firms
With regulatory scrutiny of climate change-related risks growing, Federal Reserve Governor Lael Brainard promised today that the Fed’s climate risk...
Acting OCC Chief Advocates More Regulatory Structure for Cryptocurrency
The pace of innovation in crypto is exciting and industry growth is an opportunity for banks but regulation is needed,...
Thompson: Congress Must Determine Future of Fannie, Freddie
Federal Housing Finance Agency Acting Director Sandra Thompson, President Biden’s nominee to lead the agency on a permanent basis, today...
Supreme Court Strikes Down Vaccine Mandate for Large Employers
The Supreme Court today blocked the employer vaccine mandate issued by the Occupational Safety and Health Administration, which would have...
Bank Economists Expect Economic Growth to Slow
The nation’s top economists forecast that economic growth will slow from 5.5% last year to 3.3% in 2022 and 2.3%...
FinCEN Exploring Creation of Regulatory Sandboxes
The Financial Crimes Enforcement Network is exploring the creation of regulatory sandboxes to test new methods of transaction monitoring, FinCEN...
