Financial Stability

Federal Reserve Chairman Kevin Warsh doubled down on his commitment to price stability during his first semiannual hearing before the Senate Banking Committee on July 16, which coincided with the release of the Fed’s latest “Monetary Policy Report.” Read on »

Banking regulators have announced two bank closures in July, bringing the total number of bank failures this year to four. Estimates published by the Federal Deposit Insurance Corp. indicate these failures have cost the Deposit Insurance Fund approximately $123.6 million in total. Read on »

The Federal Open Markets Committee did not refute or affirm predictions about future interest rate movements at its June meeting. First American Deputy Chief Economist Odeta Kushi told Dodd Frank Update that despite sub-optimal inflationary conditions, there is still considerable demand for housing. Read on »

Multiple legal experts agree the Supreme Court’s rulings in Trump v. Slaughter and Trump v. Cook will exacerbate the regulatory whipsaw effect compliance teams dread every political election cycle. MAXEX General Counsel John Levonick told Dodd Frank Update why they could also impact mortgage pricing. Read on »

Former federal regulators David Friend and Mike Silver spoke with Dodd Frank Update about the ramifications of the Supreme Court’s rulings that struck down a 91-year-old legal precedent limiting the president’s constitutional authority over independent agencies. Read on »

Some of the nation’s largest financial institutions are “well positioned to weather a severe recession” and continue lending activities, based on the results of the latest annual stress tests administered by the Federal Reserve. Read on »

The Federal Deposit Insurance Corp. published a notice of proposed rulemaking on June 25 to streamline certain resolution planning requirements applicable to banks with $50 billion to $100 billion. Read on »

The Federal Open Market Committee recorded its first interest rate vote under new Fed Chairman Kevin Warsh and its first unanimous vote in nearly a year, electing to maintain the federal funds target range at 3-1/2 to 3-3/4 percent. Dodd Frank Update turned to First American Deputy Chief Economist Odeta Kushi for insight about what the move could signal for the months ahead. Read on »

The House Financial Services Committee held its annual hearing to evaluate the actions of the four federal prudential regulators of the U.S. financial system. The discussion focused primarily on the agencies’ work to “right-size” financial regulations while still promoting innovation. Read on »

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 »