Atlanta Fed’s Bostic to retire
Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, announced that he will step down from his...
Policy
DOJ: Congress, not Fed, must fund CFPB
The CFPB will exhaust its currently available funding early next year, and the bureau cannot withdraw funds from the Federal...
House Budget Committee chairman announces he won’t seek re-election
House Budget Committee Chairman Jodey Arrington (R-Texas) will not seek re-election to office next year. Before joining Congress, he was...
ABA, associations welcome deal to end government shutdown
Proposed deal also would reverse the Trump administration's decision to lay off more than 4,000 federal employees, including at the...
FHFA nearing deal to use new FICO credit scoring model for mortgages
The Federal Housing Finance Agency is currently reviewing a possible deal with FICO to implement the FICO 10T credit scoring...
Senate takes first step to end government shutdown
The Senate cleared a key procedural hurdle needed to end the government shutdown after several Democrats reached a funding deal...
Former Trump adviser warns against credit card interest rate cap
A proposal to create a nationwide cap on credit card interest rates would hurt millions of Americans by cutting off...
Fed’s Miran: Stablecoins pose little risk to bank deposits
Passage of a new regulatory framework for stablecoins likely won’t lead to a flood of bank customers pulling their money...
Fed: Policy uncertainty, AI sentiment pose financial stability risks
Policy uncertainty remains a top risk to U.S. financial stability, with public sentiment about artificial intelligence emerging as another risk,...
Fed’s Waller: ‘Skinny’ master account would only be available to banks
Federal Reserve Governor Christopher Waller sought to clear up confusion about his proposal for the creation of a “skinny” master...
