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 held in, SEC Commissioner Mark Uyeda said. The SEC published Staff...
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.
A federal judge in Texas refused a CFPB request to lift a preliminary injunction blocking the bureau’s credit card late fee rule from taking effect and move the lawsuit seeking to overturn the rule to Washington, D.C.
Consumer credit increased at a seasonally adjusted annual rate of 4.5% in October. Total outstanding credit increased to $5.113 trillion during the month.
The U.S. banking system remains resilient but there are pockets of potential vulnerability that need continued monitoring, such as in the areas of commercial real estate, third-party relationships and cybersecurity, the Financial Stability Oversight Council said.
