Regulators release 2024 list of distressed, underserved communities
Federal banking regulators released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies eligible to receive CRA consideration.
Tag: Federal Reserve
Fed’s Barr: Lack of third-party risk control can harm financial inclusion
Banks play a pivotal role in innovating to serve low- and moderate-income households, sometimes in partnership with financial technology companies, ...
Fed’s Powell pressed on effects of proposal to lower debit card interchange fees
During a congressional hearing, Federal Reserve Chairman Jerome Powell was challenged on whether a Fed proposal to lower the cap ...
Fed’s Powell expects capital rules to be reopened for public comment
Federal Reserve Chairman Jerome Powell said that he expects the proposed Basel III endgame capital standards will be reopened to ...
New York Fed: Consumers’ inflation expectations decline in short and long terms
Perceptions about households’ current financial situations deteriorated slightly with more respondents reporting being worse off than a year ago, and ...
Fed: Financial conditions restrictive amid ‘strong and resilient’ system status
Financial conditions remain restrictive in mid-2024, according to the Federal Reserve's semiannual Monetary Policy Report to Congress released on Friday.
ABA reiterates concerns about executive compensation proposal
ABA noted that the proposal is just a copy of the 2016 rulemaking that was never finalized, incorporating none of ...
Fed’s Bowman: Regulatory scrutiny of bank mergers could help credit unions
Credit unions may ultimately benefit from increased regulatory scrutiny of bank mergers if credit union acquisitions of banks are not ...
Fed: Large banks ‘well positioned’ to withstand severe recession
The results of the Federal Reserve’s annual bank stress test showed that while large banks would endure greater losses than ...
Fed’s Bowman rejects SVB failure as justification for proposed capital standards
Federal Reserve Governor Michelle Bowman said that any argument using last year’s bank failures as justification for increasing capital standards ...
