Research: Fed proposal to lower debit interchange fees will cost consumers billions
If the Federal Reserve’s proposal to reduce the debit interchange fee cap is finalized, consumers will pay an extra $1.3 ...
Tag: Federal Reserve
Fed’s Bank Term Funding Program to wind down March 11
The Federal Reserve announced that the Bank Term Funding Program will cease making new loans as scheduled on March 11.
Fed extends comment period on debit card interchange fee proposal
The Federal Reserve announced that it has extended the public comment deadline to May 12 for its proposal to lower ...
2024 Community Depository Institutions Advisory Council Members announced
The Federal Reserve announced the members of the Community Depository Institutions Advisory Council for 2024, including the new council president ...
Fed’s Barr: Banks need to think beyond cyber defense
Cybersecurity preparedness has become increasingly important for banks but focusing on defense is not enough—banks must also develop and regularly ...
Fed’s Bowman: Proposed capital standards should be revised
The proposed Basel III endgame capital requirements could result in significant harm to the U.S. economy through its effects on ...
ABA urges agencies to reconsider proposed long-term debt requirement
Banking regulators should drop a proposal for a long-term debt requirement for banks with more than $100 billion and instead ...
Fed’s Waller: Proposed capital standards should be pulled
The proposed Basel III endgame capital standards should be pulled and reintroduced after several problems are fixed, Federal Reserve Governor ...
CFE Fund: Interchange fees ‘relevant component’ for Bank On sustainability
Interchange fees are “a relevant component” for helping make Bank On accounts economically sustainable for participating financial institutions, the Cities ...
Nichols: Proposed cut to debit card fees will hinder financial inclusion efforts
A proposal to significantly lower the cap on debit card interchange fees threatens to undo the considerable progress banks have ...
