OCC Tightens Fair-Lending Review
Acting Comptroller Hsu took the occasion today of release of a new fair-lending manual to emphasize the OCC’s commitment to ending credit discrimination.
McHenry Chairmanship Starts With CFPB Confrontation
In his first financial-policy action since becoming HFSC Chairman, Rep. Patrick McHenry (R-NC) today blasted the Bureau and its “reckless” Director for what he described as expanding its authority beyond congressional intent.
FRB-NY Staff Renew Debate Over FBO Liquidity, Market Impact
A new post from FRB-NY staff assesses the funding strategies of FBO branches and agencies to judge their current impact setting dollar-liquidity pricing in the U.S. wholesale funding market.
OFR Cites Heightened Systemic Risk, MMF Worries
In its annual report on 2021, OFR has concluded that financial stability risks are generally elevated due to macroeconomic tightening, inflation, climate change and volatility in Treasury, crypto, and commodity markets.
DOJ Lands Unprecedented Redlining Settlement
Continuing the Administration’s racial-equity campaign, the Department of Justice today announced an historic settlement with City National Bank.