Hannah Lang is a Washington-based reporter who writes about federal mortgage policy and the U.S. housing finance system for American Banker and National Mortgage News. She is a former multimedia reporter for the Capital News Service and a graduate of the University of Maryland at College Park.
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The Federal Reserve is mulling changes to a key capital measure for big banks, rulings on several merger applications and other actions. How it ultimately decides those matters will depend largely on whom President Biden appoints as head of the central bank and to other leadership positions.
By Hannah LangNovember 9 -
Randal Quarles, who oversaw an easing of post-financial crisis rules as the Federal Reserve’s vice chair of supervision, announced he will resign at the end of this year. His departure will leave President Biden with another open seat to fill on the central bank’s board.
By Hannah LangNovember 8 -
The Federal Reserve had made it easier for financial institutions facing COVID-19-related pressures to comply with the supplementary leverage ratio. The central bank ended that break last spring, but the industry says the market distortions that originally prompted Fed action persist.
By Hannah LangNovember 4 - The Basel III reforms initiated after 2008 and the hard-fought Basel IV provisions completed in 2017 made banks more resilient. International consensus on new challenges like climate change and cybersecurity could be impossible.Sponsored by IntraFi
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Federal Reserve Chairman Jerome Powell defended the central bank’s work to examine the effects of a warming planet on the financial system, but said decisions such as whether banks should lend to fossil fuel companies are best left to “elected representatives.”
By Hannah LangNovember 3 -
Lawmakers from both parties are pushing for legislation to automatically substitute a new interest rate benchmark for the expiring London interbank offered rate in certain hard-to-amend legacy contracts.
By Hannah LangNovember 2 -
The state joins Illinois and Massachusetts in subjecting nondepository companies to state-level Community Reinvestment Act requirements.
By Hannah LangNovember 1 -
The President's Working Group on Financial Markets is urging Congress to limit stablecoin issuance to insured depository institutions and subject cryptocurrency wallets to federal oversight.
By Hannah LangNovember 1 -
The standards, if finalized, could shed light on how Fannie Mae and Freddie Mac are complying with the Federal Housing Finance Agency's new capital framework.
By Hannah LangOctober 27 -
The central bank's new ethics guidelines follow revelations that several high-level officers engaged in questionable trading activity last year while privy to the Fed's internal discussions about its coronavirus response.
By Hannah LangOctober 21