Capital reform could 'deviate' from Basel agreement: Fed's Bowman

Michelle Bowman said the U.S. central bank — along with the Federal Deposit Insurance ... from the risk capital rules laid out by the Basel Committee on Banking Supervision as they adjust their ... Read More

U.S. weighs ban on charging buyers for lender title insurance

A top U.S. consumer watchdog ... who was superintendent of New York’s Department of Financial Services from 2016 to 2019, said in an interview. “A title insurance policy for the lender ... Read More

Fed blocks tough global climate rules for US banks

LONDON: US regulators, led by the US Federal Reserve (Fed), have thwarted a push to make climate risk a focus of global financial rules, according to people familiar with the matter. European ... Read More

Fed blocks tough climate risk proposal by global banking watchdog, Bloomberg reports

challenging new federal rules that require U.S.-listed companies to report climate-related risks. Critics of tougher climate proposals accuse the watchdogs of prioritizing political objectives ... Read More

Powell: Fed Still Sees Rate Cuts This Year; Election Timing Won't Affect Decision

Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong ... Read More

When Will Fed Cut Rates? as US Economy Flexes Its Muscles, Maybe Later or Not at All

But now, with the U.S. economy showing surprising vigor, a different question has arisen: Will the central bank really cut rates three times this year, as the Fed itself has predicted — or even ... Read More

Biden's tax-hike plan would cost the US economy nearly 800K jobs

President Biden has pitched an array of tax hikes targeting corporations and wealthy Americans, but the steeper levies could weigh on the already-fragile U.S ... new minimum tax on unrealized ... Read More

Federal Reserve

A new report ... were 625 U.S. commercial real estate foreclosures in March, a stunning 117% increase from the same time last year. Persistently elevated inflation may force the Federal Reserve ... Read More

U.S. Publishes Draft Federal Rules for Cyber Incident Reporting

The U.S. Cybersecurity and Infrastructure Security Agency on Wednesday published long-awaited draft rules on how critical-infrastructure companies must report cyberattacks to the government. Read More

Fed official rules out May rate cut

Cleveland Federal Reserve President Loretta Mester said Tuesday that she is unlikely to support cutting interest rates at the Fed’s May meeting ... readings will give us a better sense of ... Read More

Biden administration unveils new rules for federal government's use of artificial intelligence

WASHINGTON ― The Biden administration Thursday announced three new policies to guide the federal ... lead the administration's efforts on AI and outlined U.S. initiatives on AI during a global ... Read More