Amid Strong Conditions, OFR Flags Cyber Threats, Corporate Debt
The Treasury’s Office of Financial Research flagged corporate credit, market, macroeconomic and cyber risk as elevated concerns in its annual financial stability report today.
The Treasury’s Office of Financial Research flagged corporate credit, market, macroeconomic and cyber risk as elevated concerns in its annual financial stability report today.
The House Financial Services Committee today unanimously approved two ABA-supported bills intended to address the decline in minority depository institutions and create opportunities for community development financial institutions.
Kansas banker Shan Hanes testified before a House Agriculture Subcommitee today, offering the association’s perspective on agricultural credit issues in rural America.
FDIC Chairman Jelena McWilliams today previewed the long-awaited overhaul of the brokered deposit rule, which the agency is poised to propose on during its board meeting tomorrow.
A new bill—H.R. 5332, introduced by Rep. Josh Gottheimer (D-N.J.)—could make credit reports less predictive and useful while weakening the credit underwriting process and increasing costs for borrowers, the American Bankers Association said in a letter to House Financial Services Committee leaders.
The lack of beneficial ownership information collected when companies are formed is “a dangerous and widening gap in our national security apparatus,” Financial Crimes Enforcement Network Director Kenneth Blanco said today at the ABA/ABA Financial Crimes Enforcement Conference.
In a letter to the National Credit Union Administration today, the American Bankers Association reiterated its strong opposition to two proposed amendments that would further expand the already loose fields from which credit unions can draw their customers
While the Federal Reserve is unlikely to join the highly anticipated notice of proposed rulemaking to revise the Community Investment Act, Fed Vice Chairman for Supervision Randal Quarles today signaled that the final rulemaking could involve all three agencies.
Federal Reserve bank liquidity rules may have contributed to this fall’s repo market volatility, which in turn caused the Fed to resume open market activities, Fed Vice Chairman for Supervision Randal Quarles told the House Financial Services Committee today.
Ahead of a Senate Commerce Committee Hearing today, the American Bankers Association submitted a statement for the record outlining several key elements that should be included in potential data privacy legislation.