OCC Drops Trump-Era CRA Reform
The yearslong effort to update the Community Reinvestment Act will continue, this time with the three federal banking regulators working together, a move supported by both banks and community organizations.
PPP Liquidity Facility Extended a Final Time
The Federal Reserve Board has extended its Paycheck Protection Program Liquidity Facility for an additional month, saying in a statement on Friday that this would be the facility’s final extension.
Fed Creates Committee to Look at Climate Risks to Finance
With climate change projected to affect both the U.S. and global economies, the Federal Reserve Board will establish a new committee to look at the impact climate change could have on the broader financial system.
Trump Fed Choice Stephen Moore Withdraws Over Remarks About Women
Stephen Moore, a conservative commentator whom President Donald Trump had tapped for the Federal Reserve board, withdrew from consideration Thursday after losing Republican support in the Senate, largely over his past inflammatory writings about women.
Fed Releases Names For Bank Chairs
The Federal Reserve Board on has announced the chairs and deputy chairs of the Federal Reserve Banks for 2017.
Home Construction Boosts Lending Activity
Recovery of select residential real estate markets presented a growth opportunity in commercial lending at some Connecticut banks in 2015, as homebuilders tested the market for new construction after years of inactivity. And while vacancy rates put a damper on office...
