News stories tagged Federal Reserve

BRIEFLY: Fact sheet on LIBOR demise published; Powell inflation indicators only ‘transitory’

(April 30, 2021) A two-page fact sheet that lays out what’s behind the demise of the London Interbank Offer Rate (LIBOR), a widely used rate used for such lending products...

Fed sets up committees to address climate change

(March 26, 2021) Two new Federal Reserve committees will focus on the impact of climate change on financial stability, Fed Board Gov. Lael Brainard said this week, as the agency...

‘No scenario’ for continued use of LIBOR, Fed governor asserts

(March 26, 2021) The Federal Reserve’s top supervisor this week made it clear that the future of LIBOR as a reference rate for such products as adjustable-rate mortgages will be...

Fed makes 0% Reg D reserve permanent

(Feb. 12, 2021) A reprieve for financial institutions from reserve requirements on transactions accounts, implemented last March to keep money flowing amid the coronavirus pandemic, will be permanent under a...

Democrats take Senate, portending changes ahead

(Jan. 8, 2021) The election of two Democrats from Georgia to the U.S. Senate this week – giving the Democrats a slim majority and therefore control — means some changes...

Letter backs changes to BSA recordkeeping, travel rule regs

(Dec. 4, 2020) NASCUS supports making some changes to recordkeeping and travel rule regulations under rules implementing the Bank Secrecy Act (BSA) to promote calibrating the value of anti-money laundering...

Another board seat filled – at the Federal Reserve

(Dec. 4, 2020) Following the Senate’s action to fill out the membership of the NCUA Board, on Thursday the Senate filled one of two empty seats on the Federal Reserve...

Nominees for Fed, OCC see action; NCUA candidate soon?

(Nov. 20, 2020) Two federal banking agencies saw action for their leadership futures this week, as a nominee for one barely failed to be confirmed to the position and another...

BRIEFLY: NCUA Board sets Nov. 19 meeting agenda; FL gains a state charter; Fed nominees to get vote; Payment reporting grew for mortgages, fell for credit cards, CFPB report finds

(Nov. 13, 2020) The NCUA Board has scheduled a 2020 budget update and reprogramming, as well as an item on the agency’s rules and regulations, “Capitalization of Interest” as agenda items...