The Federal Reserve’s independence and the public’s perception of that independence are critical for U.S. economic performance, a group of former Treasury secretaries and Fed chairs, including Ben Bernanke and Alan Greenspan, said in a joint statement.
A recent court ruling imposing a new interpretation of the Federal Reserve’s standard for setting debit card interchange fees would be “extraordinarily harmful and needlessly disruptive to the diverse set of stakeholders in the debit card market —...
Trillions of dollars for community lending could be lost if lawmakers fail to close a loophole crypto firms could use to bypass the Genius Act’s prohibition on paying interest or yield on payment stablecoins, ABA and seven banking...
Credit risk associated with large, syndicated bank loans remains moderate, with credit risk trends reflecting the effects of borrowers' ability to manage higher interest expenses and other macroeconomic factors, three banking agencies said in their most recent Shared...
CFPB Acting Director Russell Vought has requested $145 million from the Federal Reserve to fund the bureau through at least March, according to a recent court filing.
President Trump’s proposal for a one-year cap of 10% on credit card interest rates would harm consumers and small businesses by reducing credit availability, ABA and four banking associations said.
