Tag: Federal Reserve Board
Is the Federal Reserve right to again focus on controlling inflation,...
The Federal Reserve Board last month unanimously supported a pause in planned interest rate cuts.
The Associated Press on Feb. 19 reported that Fed board...
Who is most to blame for stubbornly high prices of many...
Inflation is down and job growth is relatively stable across the nation, but prices for many consumer goods, including food and housing, remain elevated.
The...
Citizens receives federal approval on $3.5B acquisition of New Jersey bank
PROVIDENCE – Federal regulators have signed off on Citizens Financial Group Inc.'s $3.5 billion acquisition of a New Jersey-based bank, the company announced on...
Federal regulators approve $10.3B Webster Bank merger
WATERBURY, Conn. – Federal regulators have signed off on the $10.3 billion merger between Waterbury-based Webster Financial Corp. and Montebello, N.Y.-based Sterling Bancorp, the...
Fed data shows pre-pandemic gains for lower-income families, but disparities continue
PROVIDENCE – The gap between the wealthiest families and the rest of the country decreased slightly from 2016 to 2019, with the biggest gains...
Report: Black, Hispanic Americans continue to face barriers to credit and...
PROVIDENCE – Black and Hispanic Americans were denied credit card applications roughly twice as often as their white peers, regardless of income, in 2019,...
Regulators issue notice of proposed Volcker Rule exemption for small banks
PROVIDENCE – Federal banking agencies have issued a notice of proposed rule-making to exempt banks with less than $10 billion in assets from the...
Fed releases proposal for easing Volcker Rule trading limits
NEW YORK - Wall Street’s long campaign to chip away at the toughest trading restriction imposed on banks after the financial crisis is finally...
TransUnion: 10.6M consumers at risk of being unable to absorb interest-rate...
CHICAGO – A new study released last week showed most borrowers with debt tied to the market interest rate could absorb increased monthly payments...
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