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The use of data-rich messaging through the ISO 20022 standard has been at the core of nearly every Federal Reserve discussion about faster payments, as well as Swift's plans for its member banks.
September 30 -
The move to alter the government's preferred stock purchase agreements is the first major one under FHFA Director Mark Calabria's tenure to wind down the conservatorship of the government-sponsored enterprises.
September 30 -
There is no way to know exactly what the market will look like in 2023 or 2024 when FedNow debuts. We're working on a solution that can help our customers right away, says Luanne Cundiff, president and CEO of First State Bank of St. Charles in Missouri.
September 30 -
Simone Grimes had alleged former FHFA Director Mel Watt made inappropriate advances toward her and she was paid less than the man who had previously held her position.
September 27 -
Charles Scharf’s most immediate priorities will be mending fences with regulators and getting the bank out from under a Fed-imposed asset cap. But he also must come up with strategies for spurring revenue growth and reining in expenses.
September 27 -
The three federal banking agencies moved to raise the threshold for residential transactions that require an appraisal from $250,000 to $400,000.
September 27 -
The Fed’s top regulatory official said how agencies adjust their supervisory approach may prove just as important as their rulemaking efforts.
September 27 -
Rep. Denver Riggleman, R-Va., explains why he has introduced legislation requiring greater transparency over the Federal Reserve’s forthcoming payment system.
September 27Virginia -
A research paper says the president’s constant criticisms are driving Fed policy, directly or indirectly; the huge demand by banks for cash may be the result of tougher regulations.
September 27 -
Chairman Rodney Hood has pledged to put forth a rule on CU-bank purchases before the end of the year. It's likely to lead to another clash with bankers.
September 27