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22 May 2024, 9:00 pm
Since the Treasury no longer receives any surplus from the Fed, central-bank funding can no longer be considered “drawn from the Treasury. [read post]
19 May 2024, 7:30 am
” NY Times “The Supreme Court rejected a challenge on Thursday to the way the Consumer Financial Protection Bureau is funded, one that could have hobbled the bureau and advanced a central goal of the conservative legal movement: limiting the power of independent agencies. [read post]
16 May 2024, 2:19 pm
Pix Credit here: 2024's Best Workers hereThe latest issue of Qiushi 《求是》(10th Issue 2024, 15 May 2024) is built around productivity and production in the New Era. [read post]
5 May 2024, 2:18 pm
Pix Credit here: luopan compass Fortune Teller, Summer Palace Long Corridor, Beijing; Pix credit here Early in the leadership period of Xi Jinping, the vanguard party offered guidance and leadership on the meaning and practice of atheism for Communist Party cadres. [read post]
3 May 2024, 6:00 am
While there are nearly 10,000 financial institutions in the country, only about 9,200 of those banks and credit unions are actively using Fed services, so the central bank’s goal for FedNow isn’t necessarily to draw them all, FedNow Head of Payments Product Dan Baum said Wednesday. [read post]
5 Apr 2024, 6:00 am
Consumer Financial Protection Bureau, has clashed with credit card issuers since last year over regulations capping late fees. [read post]
27 Mar 2024, 5:02 pm
Pix credit here: Caption--"On November 14, 2012, before the closing of the 18th National Congress of the Communist Party of China, Comrade Xi Jinping and Comrade Li Peng were together. [read post]
12 Mar 2024, 9:05 pm
National banks are instrumentalities of the government – publicly chartered entities that act as fiscal agents and intermediaries of money and credit between the central bank and the public. [read post]
5 Mar 2024, 5:00 am
In yet another example of interagency cheerleading from the Federal Trade Commission (FTC), Chair Lina Khan recently touted the work of the Consumer Financial Protection Bureau (CFPB) on payments networks: New @CFPB research reveals that large banks are offering worse credit card terms & interest rates than small banks and credit unions, regardless of credit risk. [read post]
4 Mar 2024, 5:56 pm
Pix credit here In a 53 page opinion, the United States District Court for Northern Alabama has ruled, in National Small Business Association v. [read post]
19 Feb 2024, 9:01 pm
For example, while noting the benefits and efficiencies of well-managed AI tools, both the Federal Reserve[7] and the Consumer Financial Protection Bureau[8]have recently warned banks and lenders about potential bias in AI that could lead to violations of fair lending, fair housing and equal opportunity laws. [read post]
3 Feb 2024, 5:26 pm
Pix credit here The Political Bureau of the Communist Party of China (CPC) Central Committee held its 11th group study session on making solid progress in promoting high-quality development on the afternoon of Jan. 31. [read post]
26 Jan 2024, 3:00 am
National/Federal Billionaires Wanted to Save the News Industry. [read post]
17 Jan 2024, 2:31 pm
In any case, it's hard to see a major compliance burden here for the central piece of the rule: it is incredibly easy for any bank to limit its overdraft fees to the fixed dollar safe harbor proposed by the Bureau. [read post]
8 Jan 2024, 10:21 am
A central aspect of this legislation is the concept of “beneficial ownership. [read post]
4 Jan 2024, 9:05 pm
Thus, AI may play a central role in the after-action reports of a future financial crisis” (available here). [read post]
28 Dec 2023, 11:22 pm
Bureau of Reclamation, operator of the Central Valley Project (CVP) and California’s State Water Project. [read post]
22 Dec 2023, 6:00 am
Microtransaction scams involve the use of low-dollar transactions made with stolen credit or debit cards. [read post]
11 Dec 2023, 9:05 pm
And the Consumer Financial Protection Bureau, a regulator of financial institutions, proposed a rule that would require credit card companies to lower late fees. [read post]
1 Dec 2023, 8:32 am
Review Your Credit Reports: Regularly checking your credit reports can help you spot signs of identity theft early.Regularly review your credit reports from the major credit bureaus for any unauthorized accounts or inquiries. [read post]
