Browsing: Policy

Newsbytes

The Office of the Comptroller of the Currency today released a strategic plan for fiscal years 2023-2027 that calls on the agency to diversify its workforce, prioritize safeguarding public trust and enhance the implementation of risk-based supervision.

Newsbytes

It will be necessary to raise the federal funds rate to “somewhat above 4%” by early next year and hold it there, predicted Loretta Mester, president of the Federal Reserve Bank of Cleveland, during a speech today.

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In comments filed with the FDIC Friday, the American Bankers Association and Bank Policy Institute came out against an agency proposal to replace troubled debt restructuring in assessments scorecards for large banks with a new term, “modifications to borrowers experiencing financial difficulty.”

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