Paycheck Protection Program lending helped to soften the effects of the pandemic-related recession on state-level employment growth, and had “significant” benefits overall, the Federal Reserve Bank of Cleveland concluded in a new research brief last week.
Federal Open Market Committee members said that they see the current elevated level of inflation as transitory but that it could take longer to subside than they had previously assessed.
Small business credit card customer satisfaction surged 12 points from last year (rising to 852 on a 1,000-point scale) as 32% of small business customers say they are financially better off than they were a year ago, according to a new survey by J.D. Power.
The financial condition of the banking system remained strong and improved during the first half of 2021, despite some lingering concerns, the Federal Reserve found in its latest supervision and regulation report released today.
Consumer Sentiment was 67.4 in November according to the University of Michigan Consumer Sentiment Index.…
New single-family home sales rose to a seasonally adjusted annual rate of 745,000 in October,…
In an interpretive letter issued today, the OCC confirmed that national banks and federal savings…
Banks can expect additional guidance from regulators over the next year clarifying the types of crypto-related activities they may be permitted to engage in, the agencies announced in a joint statement today. As a result of a recent “crypto sprint,” the FDIC, Federal Reserve and OCC unveiled a crypto-asset roadmap that will guide their work in 2022.
In a comment letter today, the American Bankers Association urged the Federal Housing Finance Agency to further refine proposed amendments to the capital framework for Fannie Mae and Freddie Mac relating to the prescribed leverage buffer amount and credit risk transfers.
The Financial Accounting Standards Board today proposed to eliminate its accounting guidance for troubled debt restructurings, or TDRs, while enhancing certain loan disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty.