Links in “Federal Reserve”
- Yellen Vote Today
Senate Banking Committee votes today whether to confirm Janet Yellen as head of U.S. Federal Reserve. [11/19]
- Fed to Banks: Speed Up Electronic Payments Or Else
Fed signals intention to step in if banks can't speed up electronic payments on their own. [11/18]
- Yellin Pledges to Limit Future Regulatory Burden on Smaller Institutions
In prepared remarks prior to her Senate confirmation hearing as nominee to head the Federal Reserve Board, Janet Yellin pledges, among other things, to limit the regulatory burden for community banks and smaller institutions in future rules. [11/14]
- Yellen Hearing Begins This Week
Janet Yellen, Pres. Obama's pick to succeed Ben Bernanke as chair of the Federal Reserve Board, will appear before the Senate Banking Committee on Nov. 14. [11/12]
- Banks and Credit Unions Unite Against Fed’s Interchange Fee Rate Cap
Trade groups file "friend of the court" brief over the Federal Reserve's interchange rule, especially against the judge's ruling that the fee cap should be lowered, which the groups argue would cut billions from interchange fee revenues. [10/22/13]
- Are Age and Card Default Related?
Yes, according to a recent study conducted by the Federal Reserve Board Bank of Richmond and Arizona State University, but not in the way you might expect. The study suggests that a 19-year-old cardholder is less likely to be seriously delinquent than someone age 40 to 44. [10/15]
- Proposed Flood Rules Would Force Banks to Accept Private Insurance
FRB, OCC and FDIC propose rules that would require banks to accept qualified private insurance on loans backed by properties in areas at risk for flooding. [10/15]
- Overdraft Practices Lands Kentucky Institution in Hot Water
$3.6-billion Community Trust Bancorp discloses the Fed Reserve is preparing to fine it for unfair and deceptive methods of assessing overdraft fees. [10/14]
- New Bank Net Worth Rule Is Likely Precursor of NCUA Rule Change
The OCC and the Federal Reserve Board have issued a new rule that increases risk-based capital requirements and revises methodologies for determining risk-weighted assets. It is expected that NCUA will adopt a similar rule later this year. The agency was quoted earlier this year saying that it would likely rise the net worth requirements for credit unions with assets of more than $50 million. [10/14]
- Yellen Expected to be More Hands-on in Supervision and Regulation
Nominated to succeed Bernanke, Janet Yellen is expected to be more directly involved in handling regulatory matters. [10/10]