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21 Oct 2021, 5:16 pm
The CFPB, Federal Reserve Board, FDIC NCUA, OCC, in conjunction with the state bank and state credit union regulators, jointly issued a statement on managing the transition away from LIBOR (Joint Statement). [read post]
20 Oct 2021, 11:21 am
I developed a short paper for the Federal Reserve Bank’s series on Racism and the Economy, “Systemic Racism and the Dispossession of Indigenous Wealth in the United States,” posted here. [read post]
15 Oct 2021, 12:51 pm
An ACH operator—such as a Federal Reserve or clearinghouse worker—takes the batches of ACH transactions and makes them available to the transaction’s intended recipient, which is known as the receiving depository financial institution (RDFI). [read post]
5 Oct 2021, 8:21 am
Cover, Associate Dean for Academic Affairs, Professor of Law & Director, Institute for Global Security Law and Policy, Case Western Reserve University School of Law 1:40 - 3:00 -- Law and Literature Tawia B. [read post]
3 Oct 2021, 4:18 pm
Concerns have been raised regarding the impact of FRT on privacy and existing racial discrimination in the criminal justice system. [read post]
1 Oct 2021, 8:47 am
A federal judge recently ruled Apple must allow developers to use third-party payment options for App Store purchases. [read post]
1 Oct 2021, 8:47 am
A federal judge recently ruled Apple must allow developers to use third-party payment options for App Store purchases. [read post]
1 Oct 2021, 4:00 am
Two Fed Officials Announce Retirements Amid Controversy Over Ethics and Stocktrading MSN – Rachel Siegel (Washington Post) | Published: 9/27/2021 Two top Federal Reserve officials are leavi [read post]
30 Sep 2021, 7:04 pm
President Biden’s controversial pick to be the Treasury Department’s comptroller of the currency is a USSR-born and educated professor who has praised the former Soviet Union’s lack of a gender pay gap while recently advocating for ending banking “as we know it” by moving Americans’ finances from private banks to the Federal Reserve. [read post]
30 Sep 2021, 5:01 am
The Federal Reserve is also mulling whether to launch its own digital currency, observing with interest China’s rollout of the eCNY. [read post]
27 Sep 2021, 5:13 am
Omarova’s previously-expressed support for substantial restructuring of the financial system, including the complete migration of customer demand deposit accounts to the Federal Reserve and her skepticism of big bank growth and digital asset technology. [read post]
24 Sep 2021, 4:00 am
Powell Orders Ethics Review After Fed Presidents Disclosed Multimillion-Dollar Investments CNBC – Thomas Franck | Published: 9/16/2021 Federal Reserve Chairperson Jerome Powell directed staff to review the central bank’s ethics rules for appropriate financial activities after disclosures that several senior officials made multiple multimillion-dollar stock trades in 2020, while others held significant investments. [read post]
23 Sep 2021, 2:55 am
” Today, the Federal Credit Union Act still states that its purpose is to “make more available to people of small means credit for provident purposes through a national system of cooperative credit. [read post]
22 Sep 2021, 12:08 pm
Prosecutors asked the Court to allow the IRS to serve the John Doe summonses on: Federal Express Corporation; FedEx Ground Package System, Inc.; DHL Express; United Parcel Service, Inc.; the Federal Reserve Bank of New York; The Clearing House Payments Company LLC; HSBC Bank USA, N.A.; Citibank, N.A.; Wells Fargo Bank, N.A.; and Bank of America, N.A. [read post]
17 Sep 2021, 4:00 am
Fed’s Kaplan, Rosengren to Sell All Stocks Amid Ethics Concerns MSN – Catarina Saraiva and Craig Torres (Bloomberg) | Published: 9/10/2021 The presidents of the Federal Reserve banks of Boston and Dallas said they are selling their individual stock holdings by September 30, in moves aimed at appeasing ethical concerns over their trading activity last year. [read post]
15 Sep 2021, 6:55 am
For several years, the digitization of the economy has been mostly a Chinese Communist Party (CCP) talking point reserved for state planning documents. [read post]
14 Sep 2021, 9:45 am
Last week, the Federal Reserve Board published a paper on partnerships between community banks and fintech companies, “Community Bank Access to Innovation through Partnerships. [read post]
12 Sep 2021, 9:03 pm
Board of Governors of the Federal Reserve System and the European Central Bank (ECB) taking different positions. [read post]
5 Sep 2021, 1:15 pm
The Texas prison system is not alone in dealing with the prevailing crises facing both the state and federal prison systems. [read post]
31 Aug 2021, 12:51 pm
The US Federal Reserve has also frozen an amount of $9.4B USD used to invest in many sections and which had brought benefit to Afghanistan. [read post]
