Policy & Regulation

The decision does not end the digital-asset bank's goal of gaining access to the central bank's payment system, but it does make its road to approval more difficult.

It is rare for banks, especially large ones, to receive unsatisfactory ratings in their Community Reinvestment Act examinations. The San Antonio bank has now done it twice in a row.

Senate Democrats and banks want to subject industrial loan companies to Fed supervision, but even without legislation observers say the FDIC is skeptical of new applications.

Federal Reserve Vice Chair Lael Brainard is a top contender to become the head of the White House's National Economic Council, according to people familiar with the deliberations.

The Federal Reserve's quantitative-tightening program risks being propelled toward an early end as U.S. politicians bicker in Washington over raising the national debt limit, according to some economists and bond market participants.

Working appraisers say government efforts to curb discrimination are pressuring them to inflate values, putting banks and borrowers at risk.

The Consumer Financial Protection Bureau sent a memo asking employees to take a survey that will help the Office of Personnel Management formulate a coordinated governmentwide policy.

Speaking at an event hosted by the Council on Foreign Relations, Federal Reserve Gov. Christopher Waller said the Federal Reserve has a long runway for its balance sheet reduction.

A proposal by the Consumer Financial Protection Bureau to rein in credit card late fees could result in changes to a "safe harbor" that would favor consumers rather than financial institutions.

In a speech delivered Thursday afternoon, the Federal Reserve's vice chair said she does not see a wage-price spiral driving inflation, but rather a "price-price spiral."