Browsing: Federal reserve

Newsbytes

Nearly seven in 10 U.S. households surveyed last fall said they are “doing okay” or “living comfortably,” according to the Federal Reserve’s 2015 Report on the Economic Well-Being of U.S. Households released yesterday.

Newsbytes

The Federal Reserve Board today voted to re-propose the executive compensation rule mandated by the Dodd-Frank Act, prohibiting incentive-based compensation arrangements for executives that the regulators believe could encourage excessive risk-taking behavior.

Economy

Reps. Randy Neugebauer (R-Texas) and Pete Sessions (R-Texas) yesterday introduced ABA-advocated legislation (H.R. 5027) that would alter the formula for capital that Federal Reserve member banks must hold with their regional Fed bank, potentially freeing up billions in “dead capital.”

Newsbytes

The House Financial Services Committee voted by a 33-20 margin to advance ABA-backed legislation that would stop direct funding of the CFPB by the Federal Reserve and instead subject the bureau to the regular congressional appropriations process.

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