Fed raises rates by 50 basis points
The Federal Open Market Committee today announced it would raise the target range for the federal funds rate by 50...
Policy
Warren, Marshall introduce cryptocurrency AML bill
Sens. Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan.) today introduced legislation to extend anti-money laundering and countering of the financing...
FDIC clears revised appeals guidelines
The FDIC today approved revised guidelines for appeals of material supervisory determinations.
ABA launches ad campaign opposing Durbin expansion bills
ABA launched a major TV, radio and digital advertisement campaign calling out the negative implications that the Credit Card Competition...
Toomey, Warren team up on bill to extend FOIA to Federal Reserve Banks
Sens. Pat Toomey (R-Pa.) and Elizabeth Warren (D-Mass.) this week unveiled a bipartisan bill that would subject regional Federal Reserve...
FSB to focus on large bank resolution preparedness, resolutions for CCPs in 2023
The Financial Stability Board will continue to focus its efforts in 2023 on bank resolution preparedness, and completing resolution frameworks...
ABA, trade groups urge further scrutiny of big tech payment platforms
The Consumer Financial Protection Bureau should continue to increase its oversight of “big tech” payment platforms until all consumers are...
Banking industry is strong, but economic warning signs remain, OCC report says
Banks remain well capitalized and with ample liquidity and sound credit quality, “although macroeconomic headwinds are a concern,” according to...
CFPB report finds servicemembers underutilizing SCRA interest rate reduction
In a new report released today, the Consumer Financial Protection Bureau raised concerns that servicemembers are paying extra in interest...
Regulators say climate stress tests not about capital
Federal efforts to gauge how well large banks are prepared to handle climate change risks will differ from traditional stress...
