Fed Survey Shows Most Small Businesses Lost Sales Due to Pandemic February 4, 2021 By Jonnelle Marte The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic,...
Federal Reserve Raises Questions Over Life Insurers’ Risk of Coronavirus Claims November 17, 2020 By Alwyn Scott U.S. life insurers face questions about their ability to cover a sudden rush of claims after the Federal Reserve highlighted...
For First Time, Federal Reserve Cites Climate as Financial Stability Risk November 13, 2020 The U.S. Federal Reserve for the first time called out climate change among risks enumerated in its biannual financial stability...
Federal Reserve Warns of ‘Long Road’ Ahead to Economic Recovery June 15, 2020 By Ann Saphir, Jonnelle Marte and Lindsay Dunsmuir The Federal Reserve expects household finances and business balance sheets to suffer “persistent fragilities” as a result of the shock...
Economy Will Need More Government Help to Recover, Says Fed Chair Powell May 18, 2020 The most important data for the U.S. economy right now are the “medical metrics” around the coronavirus pandemic, Federal Reserve...
Regulators Disagree Over Giving Fintechs Federal Charter to Skirt State Rules January 14, 2019 By Pete Schroeder The U.S. Federal Reserve is wary of giving “fintech” firms such as OnDeck Capital Inc. or Kabbage Inc. access to...
Regulation Not the Answer to Cyber Threats: Federal Reserve Official November 7, 2017 By Yalman Onaran More rules may not be the best answer to protecting the financial system against cyber attacks, a Federal Reserve official...
Fed Adds Ex-Regulator to Oversee Systemic Risk Insurers June 3, 2014 By Emily Stephenson The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms that a...
Fed Chair Nominee Yellen Vows to ‘Carefully Consider’ SIFI Rules for Insurers November 20, 2013 By Craig Torres Federal Reserve Vice Chairman Janet Yellen said the central bank will “carefully consider” how to apply new regulatory standards to...