Politics and policy
- Banking
Fed’s George says hike pace under debate; Bullard backs big move
Kansas City Fed President Esther George said the U.S. central bank had already “done a lot” on raising interest rates…
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What’s lost in the din of a bank-credit union shouting match
The trend of credit unions buying banks over the past few years has generated energetic and highly critical responses from…
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Biden signs Inflation Reduction Act in major win for climate finance, tax reform
WASHINGTON — President Biden signed the Inflation Reduction Act into law Tuesday afternoon, capping a legislative achievement that will direct…
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Banks should tread carefully in fraught political environment
Etiquette experts have long advised that you should not discuss politics at Thanksgiving dinner. This advice makes good sense. Politics…
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CDFIs are starting to flex their post-pandemic clout
WASHINGTON — The federal government’s response to the COVID-19 pandemic catapulted a niche sector of specialized community development lenders to…
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Schumer snubs Maloney in rare primary between sitting Democrats
WASHINGTON — The foremost champion of overdraft reform in the House was snubbed by one of the top ranking members…
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JPMorgan, BofA are among banks moving back into Russian bond trading
A growing number of Wall Street banks are willing to trade Russian bonds that were once viewed as untouchable. JPMorgan…
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Fed minutes may reveal inclinations on size of next rate hike
An account of the debate at the Federal Reserve’s July policy meeting, set to be published after two weeks of…
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Inflation Reduction Act heads to Biden’s desk
The House has passed the Inflation Reduction Act of 2022, a sweeping legislative package that looks to lower healthcare costs,…
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Warren renews push for SEC to crack down on insider stock sales
A group of Democratic senators led by Elizabeth Warren is redoubling efforts to get Wall Street’s main regulator to clamp…
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Sanction all Russian banks, Ukraine’s envoy to the U.S. urges
Ukraine is calling on President Biden’s administration to sanction all Russian private banks to help end President Vladimir Putin’s ability…
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The true cost of misleading headline inflation statistics
Several key government-reported headline statistics present a distorted view of reality for most Americans, with the impact extending far beyond…
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MoneyGram accuses CFPB of ‘venue shopping’ in lawsuit
When the Consumer Financial Protection Bureau sued MoneyGram International in April, the lawsuit was filed in New York because New…
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Sen. Warren blasts Fed for withholding trading records
U.S. Sen. Elizabeth Warren rebuked Federal Reserve Chair Jerome Powell for withholding information on trading by central bank officials during…
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What Michael Barr’s senior advisor pick says about Fed politics
Michael Barr, the Federal Reserve’s newly installed vice chair for supervision, has selected a career staffer from within the central…
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Durbin, Whitehouse, Sanders join effort to revoke OCC crypto guidance
WASHINGTON — Three prominent Democratic senators joined an effort to eliminate Trump-era regulatory guidance that cleared national banks to explore…
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Fed blasted by GOP for ‘obstructionism’ over Bloom Raskin files
Republicans on the Senate Banking Committee are vowing to pursue legislation mandating more transparency from the Federal Reserve after learning…
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Banking groups plead with Biden administration for bigger crypto role
WASHINGTON — The nation’s top banking trade associations told the Biden administration that its cautious approach to digital assets is…
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What the Senate’s sweeping climate, tax package means for banks
WASHINGTON — The U.S. Senate passed a sweeping legislative package on Sunday that could supercharge the federal government’s efforts toward…
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