Search for: "Federal Reserve Bank of New York"
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23 May 2024, 11:53 am
" This morning, The Times added this: "What Trump 2.0 Could Mean for the Federal Reserve. [read post]
17 May 2024, 6:59 pm
Diaspora communities are sometimes an essential element of creating community and developing lines of communication, cultural connections, and solidarity between States and their diasporas. [read post]
16 May 2024, 9:01 pm
A May 2023 Federal Reserve Report noted that “hedge fund leverage remained elevated. [read post]
12 May 2024, 9:01 pm
OCC’s Letter on Uniform Federal Banking Standards On November 9, 2023, the General Counsel of the Office of the Comptroller of the Currency (the “OCC”) issued a letter to the CEOs of all national banks and federal savings associations (“FSAs”) addressing uniform federal banking standards.[13] In the letter, the OCC explains that it is aware that some states have passed laws or taken other… [read post]
8 May 2024, 5:13 pm
The author and Solutions Law Press, Inc. reserve the right to qualify or retract any of these statements at any time. [read post]
8 May 2024, 4:38 am
” Isabel Kershner reports for the New York Times. [read post]
5 May 2024, 8:00 am
Recent evidence points to continuing stress; as I noted in a prior post, in February 2024, the New York Community Bank Corporation was hit with a securities class action after the bank announced steep increases in its loss reserves in their commercial real estate portfolios. [read post]
3 May 2024, 6:00 am
The companies opposed the settlement in a series of filings on Friday in Brooklyn, New York, federal court, where Visa and Mastercard have battled claims since 2005 that they artificially inflated some fees on merchants in transactions involving consumers’ credit or debit cards. [read post]
26 Apr 2024, 6:00 am
Fintechs can help the Fed see what’s on the horizon for the new faster payment system and allow the new real-time payments services to be easier to use, said Mollie Markham, a Federal Reserve Bank of Chicago industry specialist who works with nonbanks. [read post]
22 Apr 2024, 12:01 pm
According to the Federal Reserve Bank of New York’s February 2024 Household Debt and Credit Report, 19% of debt held by Americans ages 60-69 was credit card debt and it was 14% for those 70 and older. [read post]
22 Apr 2024, 4:00 am
Eight months ago, we reported on a story that rattled the legal community of news that two New York lawyers were facing possible sanctions for submitting documents to the court that were generated by AI and contained references to nonexistent prior court rulings. [read post]
22 Apr 2024, 1:06 am
The Guardian, Reuters, the Independent, Sky News, The New York Times and ABC News reported. [read post]
15 Apr 2024, 9:01 pm
Two federal district courts recently upheld decisions by the Federal Reserve Bank of Kansas City (FRBKC) and the Federal Reserve Bank of San Francisco (FRBSF) to deny master account applications from Custodia Bank (Custodia) and PayServices Bank (PayServices). [read post]
15 Apr 2024, 4:55 am
Elian Peltier reports for the New York Times. [read post]
9 Apr 2024, 1:23 am
Yes, your flight from New York to Phuket will be a big-ticket item, but you’ll need to make your way around the city as well. [read post]
4 Apr 2024, 2:16 am
The project, named Project Agorá, will bring together seven central banks: Bank of France (representing the Eurosystem), Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England and the Federal Reserve Bank of New York. [read post]
2 Apr 2024, 9:05 pm
Under Federal Reserve System regulations and the Dodd-Frank Act, large banks must regularly conduct stress tests and report the results of such tests. [read post]
29 Mar 2024, 6:00 am
Blaine Luetkemeyer (R-MO) has introduced the Secure Payments Act (H.R. 7531), which aims to stop finalization of the Federal Reserve’s proposed debit interchange proposal, which credit unions oppose. [read post]
22 Mar 2024, 9:18 am
By the end of September 2023, the Federal Reserve Bank of New York reported that Americans were carrying $12.14 trillion in mortgage balances. [read post]
1 Mar 2024, 1:20 pm
The Federal Reserve Bank of New York attributes this to increases in mortgages, auto loans, credit cards and student loan balances. [read post]
