The Federal Reserve today announced the 12 regional Federal Reserve Banks’ chairmen and deputy chairmen for 2016. Each regional Reserve Bank has a nine-member board of directors. The Fed board in Washington, D.C., appoints three directors, and each year designates one of its appointees as chairman and a second as deputy chairman.
ABA members believe that the Federal Reserve’s discount window processes and operations are opaque, awkward and inefficient, and they have several suggestions for how to improve the service, ABA said.
The CFPB is seeking public input in advance of a proposed rule to extend the Fair Credit Reporting Act’s identity theft protections to certain negative information on the credit reports of victims of domestic violence, elder abuse or...
The Federal Reserve issued a technical clarification stating that its account access guidelines apply to excess balance accounts, or EBAs.
The Securities and Exchange Commission should withdraw a staff accounting bulletin that changed how banks and other publicly traded entities account for obligations to safeguard digital assets, SEC Commissioner Mark Uyeda said.
Consumer inflation expectations increased slightly at the short-, medium-, and longer-term horizons in November, the New York Fed said in its most recent Survey of Consumer Expectations.
Deposit data currently collected in call reports is not a good indicator of risk and may encourage examiners, investors and other stakeholders to focus too narrowly on single data points when assessing a bank’s financial condition, ABA said.
