Nichols: Proposed cut to debit card fees will hinder financial inclusion efforts
A proposal to significantly lower the cap on debit card interchange fees threatens to undo the considerable progress banks have ...
Tag: Federal Reserve
ABA, state associations: Capital standards would harm banking sector, economy
The proposed implementation of the Basel III “endgame” capital regulations would constrain the banking sector’s ability to provide credit and ...
Barr: Fed considering adjustments to proposed capital standards
Federal Reserve Vice Chairman for Supervision Michael Barr said that the Fed is considering adjustments to key provisions in its ...
Fed’s Bowman urges return to regulatory tailoring
Federal Reserve Governor Michelle Bowman said that she worried that “an overbroad application” of bank requirements could become a characteristic ...
Fed community banker council requests withdrawal of debit card proposal
A Federal Reserve proposal to significantly tighten the cap on debit card interchange compensation earned by banks has introduced sustainability ...
Community bankers express concern about CRA rule, regulatory burden
Minutes of the most recent meeting of the Federal Reserve’s Community Depository Institutions Advisory Council show that council members were ...
Musalem to lead St. Louis Fed
The Federal Reserve Bank of St. Louis =announced that Alberto Musalem will be its next president and CEO, effective April ...
Federal agencies update CRA ‘small bank’ definitions
The Federal Reserve and FDIC announced the asset-size thresholds that will be used to define “small bank” and “intermediate small ...
Agencies extend Reg O relief for certain fund-controlled companies
Federal banking agencies extended by one year no-action relief under Regulation O for banks lending to investment fund-controlled companies under ...
FOMC leaves rates unchanged, signals potential cuts
The Federal Open Market Committee announced that it would once again leave the federal fund rate unchanged at 5.25%-5.5% and ...
