Rep. Andrew Garbarino (R-N.Y.) and Sen. Thom Tillis (R-N.C.) introduced a resolution of disapproval to overturn the Securities and Exchange Commission’s cyber incident reporting rule, which the SEC adopted in July and which requires public companies to disclose material cybersecurity incidents within four business days.
Senators from both parties today expressed concern that the proposed Basel III endgame capital requirements would hurt small businesses, curb affordable housing efforts and drive banking activity to the nonbank sector.
The Consumer Price Index was unchanged in October on a seasonally adjusted basis, after increasing…
A seasonally adjusted net 17% of business owners planned to create new jobs in the…
Regulators announced the 2024 thresholds for whether higher-priced mortgage loans are subject to special appraisal requirements, as well as the new thresholds for certain truth in lending and consumer leasing requirements.
Consumer inflation expectations declined slightly at the short- and longer-term horizons in October while remaining unchanged at the medium-term horizon, the Federal Reserve Bank of New York said in its survey of consumer expectations.
Banking regulators have failed to provide the proper analysis or data to justify the need for proposed capital standards for financial institutions with at least $100 billion in assets, and should withdraw the rulemaking as a result, a group of 39 Republican senators said.
Consumer sentiment fell 3.4 points in November to 60.4, marking the fourth straight monthly decrease,…
A NY Fed model estimating term premiums on the 10-year Treasury note has risen nearly a percentage point over the past two quarters.
The banking sector remains sound overall and most banks continue to report capital levels above regulatory requirements, the Federal Reserve said.