Sen. Schumer Takes NCUA to Task Over Predatory Taxi Medallion Lending
In a May 21 letter to the National Credit Union Administration, Senate Minority Leader Chuck Schumer (D-N.Y.) asked the regulator...
Policy
Fed Survey: Unbanked Share of Americans at 6%
Sixty-one percent (up 11 points from 2013) said they could cover a $400 emergency expense in cash, a benchmark often...
ABA Slams NCUA Proposal Expanding Credit Union Access to Non-Members
The National Credit Union Administration board today proposed a rule that would allow federal credit unions to have up to...
Fed Survey: IOER Levels Not Driving Reserve Decisions
Banks do not base decisions on how much they should hold in reserve at the Federal Reserve Banks on their...
FSB Seeks Input on ‘Too Big To Fail’ Reforms
The Basel, Switzerland-based Financial Stability Board is seeking feedback from industry stakeholders on the post-crisis regulatory reforms for “too big...
Sen. Tillis Introduces Bill to ‘Stop and Study’ CECL
Sen. Thom Tillis (R-N.C.) yesterday introduced a long-awaited bill—S. 1564—calling for a delay in the implementation of the Financial Accounting...
ABA, Trade Groups Welcome DOL Rewrite of ‘Overtime Rule’
ABA, along with several other industry trade groups under the Partnership to Protect Workplace Opportunity, today expressed support for the...
State Associations Urge Cannabis Hearings in Senate
The 51 state bankers associations today urged the Senate Banking Committee to hold hearings on legislative solutions to the conundrum...
Powell Downplays Financial Stability Risks of Corporate Debt
While corporate debt is at near-record levels and recent growth has been concentrated in riskier segments, "business debt does not...
Calabria to Seek Congressional Authority as FHFA Eyes End to GSE Conservatorship
Ensuring that Fannie Mae and Freddie Mac are sufficiently capitalized will be critical for removing the GSEs from conservatorship, FHFA...
