WORD OF THE DAY® – Clean-Up Call
April 8, 2025 - Federal Deposit Insurance Corporation Acting Chair Travis Hill gave a speech entitled “View from the FDIC: Update on Key Policy Issues” at the American Bankers Association Washington Summit....more
April 4, 2025- The chairmen of the House Committee on Financial Services and House Committee on Agriculture wrote an article entitled “Coindesk: A Blueprint for Digital Assets in America.”...more
April 3, 2025 - Federal Reserve Board Governor Lisa D. Cook gave a speech entitled, “The Economic Outlook and Path of Policy,” at the 2025 McKay Lecture, University of Pittsburgh, Pittsburgh, Pennsylvania....more
March 31, 2025 - The Federal Reserve Board published a working paper entitled “The Evolution of Inflation Targeting from the 1990s to 2020s: Developments and New Challenges.”...more
March 24, 2025- Federal Reserve Board Governor Michael S. Barr gave a speech entitled, “Helping Small Businesses Reach Their Potential,” at the Aspen Institute. March 24, 2025- The Federal Reserve Bank of New York...more
March 20, 2025 - The Office of the Comptroller of the Currency announced that it will no longer examine national banks and federal savings associations for “reputation risk” and is purging references to “reputation risk”...more
March 17, 2025 - Michelle W. Bowman, currently a governor on the Board of Governors of the Federal Reserve System, was nominated to serve as the vice chair of supervision....more
March 7, 2025 - The Office of the Comptroller of the Currency published Interpretive Letter 1183 to confirm that supervisory nonobjection is no longer needed for crypto-asset custody, and that certain stablecoin activities...more
March 6, 2025- U.S. Committee on Banking, Housing and Urban Affairs Chair Tim Scott (R-S.C.) led legislation that would eliminate the ability for federal regulators to use reputational risk as a component of supervision....more
February 11, 2025- The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing entitled “The Semiannual Monetary Policy Report to the Congress.” The Committee heard testimony from the Honorable Jerome H....more
February 6, 2025- Federal Reserve Board Vice Chair Philip N. Jefferson gave a speech entitled, “Do Non-inflationary Economic Expansions Promote Shared Prosperity? Evidence from the U.S. Labor Market,” at Swarthmore...more
February 5, 2025 - The Federal Reserve Board released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession....more
January 21, 2025 - Federal Deposit Insurance Corporation Acting Chair Travis Hill issued a statement on the FDIC’s priorities in the coming weeks and months....more
January 16, 2025- The U.S. Committee on Banking, Housing and Urban Affairs held a hearing on the nomination of Mr. Eric Scott Turner, to be Secretary, U.S. Department of Housing and Urban Development....more
January 9, 2025- House Financial Services Committee Chairman French Hill (AR-02) announced the House Financial Services Committee’s Vice Chairman, Subcommittees Chairs, Vice Chair for Communications and Committee Whip for...more
December 19, 2024- The U.S. Department of the Treasury released a report following the issuance of its 2024 Request for Information on the Uses, Opportunities, and Risks of Artificial Intelligence in Financial Services,...more
December 18, 2024- The Federal Open Markets Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent. The Board of Governors of the Federal Reserve System...more
December 16, 2024 - The Office of the Comptroller of the Currency (OCC) set forth the key issues facing the federal banking system in its Semiannual Risk Perspective for Fall 2024....more
December 12, 2024- The Consumer Financial Protection Bureau issued a final rule addressing overdrafts, applicable to banks and credit unions with more than $10 billion in assets. The rule was promptly challenged by...more
December 10, 2024 - The United States Department of the Treasury is announcing the disbursement of $20 billion for the benefit of Ukraine, as part of the $50 billion G7 Extraordinary Revenue Acceleration (ERA) Loans...more
December 9, 2024 - The Federal Reserve Bank of New York’s Center for Microeconomic Data released the November 2024 Survey of Consumer Expectations, which shows that households’ inflation expectations increased slightly at...more
December 6, 2024 - The Consumer Financial Protection Bureau published an order establishing supervisory authority over Google Payment Corp. Google promptly filed a lawsuit challenging such decisions....more
December 4, 2024- The U.S. House Committee on Financial Services held a hearing entitled “Innovation Revolution: How Technology is Shaping the Future of Finance.”...more
December 3, 2024 - The Consumer Financial Protection Bureau proposed a rule addressing data brokers that sell Americans' sensitive personal and financial information....more
December 2, 2024 - Ahead of a hearing to examine how technology is shaping the future of finance, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and Ranking Member Maxine Waters (CA-43)...more