FRB

Mortgage Bankers Association Chief Economist Mike Fratantoni issued commentary describing key takeaways from the latest employment numbers released by the U.S. Bureau of Labor Statistics on June 5. Read on »

Federal regulators may soon push for lenders to strengthen protocols for verifying a loan applicant’s immigration status, following an executive order (EO) issued by President Donald Trump on May 19. Dodd Frank Update spoke with a pair of former regulators about the impact the EO could have on lenders, given the many precautions financial institutions already take to mitigate potential risks associated with lending to noncitizens. Read on »

The minutes from the Federal Open Market Committee’s meeting held on April 28–29 shed more light on what turned out to be the most divided decision on the federal funds target rate in more than 30 years. Read on »

The Federal Financial Institutions Examination Council has invited public comments on proposed revisions to the uniform financial institutions rating system, used to rate an institution’s safety and soundness. Read on »

Federal Reserve Gov. Stephen Miran submitted his resignation on May 14, ending his eight-month stint as a member of the board. His seat will be filled by former chairman Fed Gov. Jerome Powell, who announced his intention to serve out the remainder of his governorship. Read on »

The Senate confirmed Kevin Warsh as the new chairman of the Federal Reserve. Warsh’s experience in financial markets and his approach to monetary policy have earned him support from industry trade associations. Read on »

The Federal Reserve approved four bank merger and acquisition applications in recent months, including one for a bank based outside the U.S. The deals involve institutions headquartered in New Jersey, Virginia and Peru, to name a few. Read on »

While many expected the Federal Open Market Committee to vote to keep the federal funds target range unchanged at 3-1/2 to 3-3/4 percent for the third consecutive time, far fewer predicted the April 28-29 meeting to result in the most significant split among the committee’s members in more than 30 years. Read on »

The federal banking regulators lowered the community bank leverage ratio (CBLR) via a final rule issued on April 24. By lowering the CBLR requirement, the agencies hope to encourage more community banks to adopt the framework. Read on »

The House Financial Services Committee convened on April 28 to review proposals from the federal banking agencies to implement revised Basel III capital rules with testimony courtesy of representatives from the financial services sector. Read on »