A federal appeals court ruled that the Federal Reserve is not obligated to grant a master account to a cryptocurrency firm, as the move would “impair the Fed’s ability to safeguard our nation’s financial system.”
A multitude of factors have caused costs to rise and manufacturers have been forced to raise retail prices.
Small-business owners are feeling positive about their businesses and the broader economy, and that goodwill is translating into satisfaction with their primary banks, according to a new survey by J.D. Power.
Sen. Thom Tillis (R-N.C.) released a discussion draft of proposed legislation to address alleged debanking by banks and banking regulators by creating a national standard for account access and establishing new watchdog mechanisms for banking agencies.
ABA joined 15 associations representing a wide range of industries in urging lawmakers to end the government shutdown, noting that it is imposing “real, escalating costs” on the U.S. economy.
The Federal Reserve will reduce its bank supervision staff by 30% by the end of next year, the Wall Street Journal reported.
