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.
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The Federal Reserve will host a policy forum next Tuesday, May 10, in Washington, D.C., to explore the changing demographic and economic trends affecting housing and community development in rural areas.
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.
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.”
Members of the Federal Reserve’s Community Depository Institutions Advisory Council — which includes several ABA member bank CEOs — raised concerns over the difficult regulatory landscape facing community banks in a recent meeting, according to minutes released by the Fed.
The House voted by a bipartisan 247-171 margin to pass an ABA-advocated bill expanding the regulatory relief offered under the Federal Reserve’s small bank holding company policy statement.
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.
Americans’ expectations for how much more they will spend next year fell in March to 3.4 percent, declining from 4 percent in February, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations.
The U.S. financial regulatory structure could be streamlined to improve effectiveness, according to a report published yesterday by the U.S. Government Accountability Office.