McWilliams: FDIC Pursuing Interagency Approach on CRA
The FDIC would like to see a consistent interagency approach to Community Reinvestment Act rules, FDIC Chairman Jelena McWilliams said...
Policy
ABA, Financial Groups Urge Congress to Address EIDL, PPP Forgiveness Issues
The American Bankers Association and seven other financial trade groups yesterday urged Congress to address the Small Business Administration’s approach...
FDIC: Share of Unbanked Americans Reaches Record Low in 2019
The share of U.S. households that are unbanked continued falling in 2019, reaching 5.4%, the lowest rate yet recorded in...
Brainard Highlights CRA Reform Proposals for Minority Banks
Speaking to the National Bankers Association, Federal Reserve Governor Lael Brainard today highlighted four new provisions specific to minority depository...
Quarles: Banks a ‘Source of Strength’ During Pandemic Due to Prior Crisis Reforms
Banks have been a source of strength during the ongoing pandemic in part because of the regulatory framework put in...
Quarles: Shadow Banking Vulnerabilities ‘Top of Mind’ Among Regulators
Noting that banks have performed well and been a “source of strength” in the U.S. economy during the coronavirus crisis,...
ABA, Financial Groups Oppose Proposed Payments Charter Changes by OCC
ABA and six other financial trade groups today said they “oppose the OCC’s effort to grant commercial companies like Amazon...
ABA, KBA Release New Ad Thanking Rep. Barr For PPP Support
The American Bankers Association and the Kentucky Bankers Association released a new voter education ad today thanking Rep. Andy Barr...
ISDA Formally Launches Protocol for Rate Fallbacks on Derivatives
The International Swaps and Derivatives Association announced today that its framework for reference rate fallbacks will launch on Oct. 23.
McWilliams Credits Banks’ Strong Capital, Liquidity for Strong Pandemic Performance
Speaking at a virtual event today, FDIC Chairman Jelena McWilliams acknowledged banks’ strong response to the coronavirus pandemic—from their quick...
