Fed’s Barr urges banking regulators to keep pushing for reforms
In one of his final speeches as vice chairman for supervision, Federal Reserve Governor Michael Barr pushed back against criticisms ...
Tag: Climate change
Fed’s Powell says some areas of U.S. may be ‘uninsurable’ in next decade
Powell said that insurance companies and banks are already "pulling out of coastal areas, areas where there are a lot ...
ABA: Nature-related disclosures are no basis for regulation
Reiterating its opposition to forcing banks to lend to designated favored entities, ABA submitted comments related to proposals on voluntary ...
Trump revokes Biden orders on AI, climate-related financial risks
President Trump rescinded a 2023 executive order directing federal agencies to possibly draft new rules governing the use of AI ...
Federal Reserve exits central bank climate change coalition
The Federal Reserve announced it has pulled out of a coalition of central banks formed to tackle climate change risk ...
FHFA proposes changes to Federal Home Loan Bank governance
The Federal Housing Finance Agency issued a notice of proposed rulemaking that would make substantial changes to the governance structure ...
FHFA issues climate risk guidance for Federal Home Loan Banks
FHFA issued guidance to the Federal Home Loan Banks on managing climate-related risks “to support a safe and sound operating ...
CFPB warns consumers about loans for home solar installation
The CFPB issued a report and consumer alert on what it said were “costly and complex loans” for home solar ...
Financial Stability Board chair warns of ‘uneven’ progress in nonbank regulation
Recent incidents have shown that nonbank entities can create or amplify risk throughout the global financial system, but the pace ...
Fed’s Bowman: Regulators need to refocus on core risks to banking system
Focusing regulatory reform and guidance efforts on issues that do not represent core banking risks, such as climate change, will ...
