Federal Reserve Board

Fed Expects 6.5 Pct Drop In GDP This Year
Fed Expects 6.5 Pct Drop In GDP This Year
June 10, 2020  |  Economy

The Federal Reserve Board and the Federal Open Market Committee (FOMC) have released economic projections for the next few years, showing that the gross domestic...

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The Fed Communicates Rule Change For The SBA’s PPP
The Fed Communicates Rule Change For The SBA’s PPP
April 17, 2020  |  Coronavirus

To enhance the effectiveness of the Paycheck Protection Program (PPP) of the Small Business Administration (SBA), the Federal Reserve Board announced a rule change. The...

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Fed Renews Pledge To Back PPP Loans
Fed Renews Pledge To Back PPP Loans
April 16, 2020  |  Coronavirus

The Federal Reserve Board reassured lenders on Thursday (April 16) that its loan guarantee program to small businesses is alive and well. Under the Small...

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Faster Payment Becomes A Federal Case
Faster Payment Becomes A Federal Case
March 11, 2020  |  Faster Payments

There’s a battle brewing in payments. A big one. It’s the Feds versus the Free Marketeers, and the feud between them is over whose real-time...

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Federal Agencies Weigh In On Sharing Bank Secrecy Act Resources
Federal Agencies Weigh In On Sharing Bank Secrecy Act Resources
October 04, 2018  |  Bank Regulation

Five federal agencies spoke on Wednesday (Oct. 3) on how community banks and credit unions can share resources to boost anti-money laundering (AML) efforts, and make Bank...

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Congresswoman Waters Introduces Bill To Punish Bad Banks
Congresswoman Waters Introduces Bill To Punish Bad Banks
October 05, 2017  |  Bank Regulation

Top Democrat Maxine Waters has introduced a bill outlining a process to break apart big banks that engage in widespread consumer abuse. According to American...

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Wells Fargo Reports Mixed Results, Auto Biz Slips as Card Use Up
Wells Fargo Reports Mixed Results, Auto Biz Slips as Card Use Up
July 14, 2017  |  Earnings

Wells Fargo, trying to bounce back from a scandal involving falsified accounts, and any number of hits to its reputation since late 2016, posted results...

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Time, Really, for Real-Time Payments?
Time, Really, for Real-Time Payments?
June 19, 2017  |  Payments Innovation

Real time payments, as a concept, has been around for a while. What will it take to make the concept a reality?  In our latest...

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Fed Fines HSBC $131M Over Loan Deficiencies
Fed Fines HSBC $131M Over Loan Deficiencies
February 08, 2016  |  Regulation

The Federal Reserve Board announced on Friday (Feb. 5) that it has levied a $131 million penalty against HSBC North America Holdings and HSBC Finance Corp....

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