The House Financial Services Committee will hold an oversight hearing Wednesday on the Financial Crimes Enforcement Network and Office of Terrorism and Financial Intelligence. The Subcommittee on Financial Institutions and Monetary Policy will meet Thursday for a hearing on issues with the Federal Reserve Discount Window and emergency lending. The Subcommittee on Digital Assets will meet that same day for a hearing on cryptocurrency and crime.
Consumer credit card delinquency rates for prime borrowers have not risen in the past two years despite higher interest rates as the Federal Reserve tightened monetary policy.
Independent Bank in Rockland, Massachusetts, has agreed to buy Enterprise Bancorp in Lowell.
The NFIB Small Business Optimism Index rose by eight points in November to 101.7, after 34 months of remaining below the 50-year average of 98, the National Federation of Independent Business reported.
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.
