The Federal Reserve Bank of Cleveland announced Wednesday that it has launched a search for a president and CEO to succeed Loretta Mester, whose tenure will conclude on June 30, 2024, in accordance with Fed mandatory age and length-of-service policies. Mester has been president since 2014. The Cleveland Fed has formed a search committee and retained a search firm to find Mester’s successor.
Treasury proposes rule to bar large institutional investment in single-family homes
A large institutional investor is defined as an investor that has direct or indirect control over at least 350 homes. Penalties for violating the law can range from $1 million to three times the purchase price of the...









