Federal Reserve Faces Lawsuit from Big Banks, Business Groups: What to Know
A lawsuit was filed against the Federal Reserve on Tuesday about the stress test and its lack of transparency.
Coalition of major banks sue the Federal Reserve over stress test
The groups that brought the lawsuit, which includes the Bank Policy Institute (BPI), said they do not oppose stress tests, but said the current framework “produces vacillating and unexplained requirements and restrictions on bank capital.
Banks Hit Fed with Lawsuit Over ‘Opaque’ Stress-Test Standards
The Federal Reserve has proposed changes to increase transparency, but banks and business groups want to keep their legal options open
Big banks, business groups sue US Federal Reserve over annual 'stress tests'
In bold move challenging regulators’ powers, plaintiffs allege US central bank's ‘stress tests’ of Wall Street firms violate the law
Big Banks Sue the Fed Over Lack of Transparency in Annual Stress Test
The Bank Policy Institute (“BPI”), consisting of major banks like JPMorgan JPM, Citigroup, Inc. C, and The Goldman Sachs Group, Inc. GS, has filed a lawsuit against the Federal Reserve over the annual stress testing framework and its transparency.
Bank groups sue Fed over stress tests, seeking transparency
Banking and business groups sued the Federal Reserve over the central bank’s annual stress tests, saying they’re seeking more transparency and input into how the rules are adopted. The groups, including the Bank Policy Institute and American Bankers Association,
Why 2025 is poised to be a challenging year for the Federal Reserve
Thomas Hoenig, former Kansas City Fed president and George Mason University senior fellow, joins CNBC's 'Squawk on the Street ...
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The Federal Reserve’s New Dispensation
Joseph Sternberg wonders what the Federal Reserve is thinking (“Does the Fed Even Know What It’s Trying to Do?” Political ...
Federal Reserve made a 3rd consecutive rate cut today. Here's how it will impact your money.
The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank ...
Federal Reserve cuts interest rates by quarter point in December
The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in ...
Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year
The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it ...
Live: Federal Reserve Chair Jerome Powell Says The Economy Is In A 'Really Good Place'
The projections are a snapshot of individual committee members' best guesses on the future of unemployment, inflation and ...
Federal Reserve Cuts Rates: What It Means for Your Money in 2025
Here’s how the Fed’s latest move will impact your borrowing costs ...
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Understanding the federal funds rate: What it is and how it affects your wallet
The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...
The December Federal Reserve Meeting Started Tuesday—What You Need to Know
The Federal Reserve's policy committee kicked off its two-day meeting Tuesday amid expectations the central bank will cut ...
Holiday Retail Sales Rise Despite Ongoing Inflation
Retail sales from the beginning of November through Christmas Eve rose 3.8 percent, according to new data released Thursday.