Don’t take our word for it
The entire U.S. economy faces harms from the Basel III endgame. The public’s concerns warrant a data collection and analysis that goes beyond window dressing.
The entire U.S. economy faces harms from the Basel III endgame. The public’s concerns warrant a data collection and analysis that goes beyond window dressing.
At 5.25% to 5.5%, the target range for the federal funds rate has likely reached its peak in a cycle of policy tightening that began in early 2022, the Federal Reserve said in the first of its biannual reports to Congress on monetary policy.
Do we take the FOMC at its word or focus on the Fed’s repo borrowing program?
The Financial Action Task Force has updated its lists of jurisdictions with strategic anti-money laundering and countering of the financing of terrorism deficiencies, FinCEN announced.
ABA said it supports a proposed House joint resolution expressing congressional disapproval of a SEC policy on safeguarding cryptoassets.
ABA President and CEO Rob Nichols criticized the CFPB following a new report on “rigged” comparison-shopping results for credit cards and other financial products, saying the bureau’s continuing political rhetoric runs counter to what millions of U.S. cardholders actually experience.
FHFA announced that in response to public input, it is making changes to its planned implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac.
A set of proposed harmonization requirements for cross-border payments need to account for the implications and costs to U.S. depository institutions, ABA and two associations said.
ABA and 52 state bankers associations urged lawmakers in the House and Senate to hold a hearing to determine whether the credit union industry’s tax exemption is justified by the community benefit it produces.
CFPB Director Rohit Chopra said the bureau will propose new rules later this year to limit certain activities of data brokers.