The FDIC today issued a final rule making changes to its guidelines for real estate lending policies in order to align standards with the community bank leverage ratio, which does not require electing institutions to calculate tier 2 capital or total capital.
While online retail prices have historically provided a counterweight to inflationary pressures, analysis by Adobe Analytics finds they have started contributing to the rise in consumer prices over the last 15 months.
The majority of financial services firms, 79%, have some internal Libor transition plan in place, according to a new survey from Bloomberg and the Professional Risk Managers’ International Association.
The Department of Justice, in collaboration with the OCC and CFPB, launched a major new initiative to combat redlining and discriminatory lending practices, and announced the first settlement reached under the new program.
In a recent speech, Federal Reserve Gov. Michelle Bowman addresses the lack of new bank formations in the last decade and what can be done to encourage more de novo banks.
The Financial Stability Oversight Council today said that climate change represents an “emerging threat” to U.S. financial stability, and approved a report containing more than 30 specific recommendations that its member agencies can take to identify and address climate-related financial risk.
Sen. Tim Scott (R-S.C.) today introduced a bill that would block the Internal Revenue Service from creating new requirements for financial institutions to report gross inflows or outflows or any other transaction-level information on customer accounts.
Existing-home sales rose 7.0% in September to a seasonally adjusted annual rate of 6.29 million,…
In a two-to-one vote today, a deeply divided National Credit Union Administration board approved an ABA-opposed proposal that would expand the range of permissible lending activity for credit union service organizations, or CUSOs.
Rep. Charlie Crist (D-Fla.) today announced that he opposes the Biden administration’s controversial IRS data reporting proposal—becoming the first Democrat to push back publicly on the ABA-opposed measure that congressional leaders continue to push via the budget reconciliation process.