Home builder confidence rises in February
Builder confidence in the market for single-family homes rose four points in February to 48, according to the National Association of Home Builders/Wells Fargo Housing Market Index
Builder confidence in the market for single-family homes rose four points in February to 48, according to the National Association of Home Builders/Wells Fargo Housing Market Index
After the three highest consecutive years on record in 2021-2023, the first farm income forecast of 2024 indicates a drop in net farm income,
The Federal Reserve and Office of the Comptroller of the Currency released details on their upcoming stress test scenarios for large financial institutions.
The Automated Clearing House Network handled 31.5 billion payments valued at $80.1 trillion in 2023, representing a 4.8% increase in payment volume from the previous year and a 4.4% increase in payment value, Nacha announced.
The Federal Reserve discount window is an essential component of liquidity risk management, but several reforms must be made to meet the needs of banks of all sizes, ABA said.
While FinCEN’s final rule on access to beneficial ownership information addressed many concerns raised by banks with the original proposal, the agency should take additional actions to improve the implementation of the Corporate Transparency Act, ABA said.
If federal regulators plan to revise bank liquidity requirements or related reporting, then they should first issue advance notices of proposed rulemaking to give the public and banking industry sufficient time to review and comment on the proposals, ABA said.
The Federal Reserve’s role as supervisor is not to replace a bank’s management and board of directors in adopting a banking strategy and risk appetite, Fed Governor Michelle Bowman said.
FinCEN issued an analysis finding an increase in Bank Secrecy Act reports about the use of convertible virtual currency for online child sexual exploitation and human trafficking.
FinCEN proposed a new rule to require certain investment advisers to comply with Bank Secrecy Act regulations regarding anti-money laundering and countering the financing of terrorism.