U.S. Banks Seek Further Easing of Federal Reserve Capital Rules
Major U.S. banks are making a final push for changes to the Federal Reserve’s proposed capital rule overhaul, arguing that some requirements remain overly restrictive despite significant revisions by regulators. The banking industry is...
U.S. Banks Face Fresh Scrutiny Over Alleged ‘Debanking’ Practices
Major U.S. lenders are preparing for heightened regulatory scrutiny as the Office of the Comptroller of the Currency (OCC) nears completion of a review into allegations that banks improperly closed or denied customer accounts...
U.S. Inflation Expected to Hit Three-Year High in May
The annual rate of U.S. consumer inflation is expected to accelerate to 4.2% in May, marking its highest level in three years, according to economists surveyed by Reuters. Rising energy prices, driven by tensions...
CFTC to Introduce New Rules for Oversight of Prediction Markets
The U.S. Commodity Futures Trading Commission (CFTC) is preparing to propose new regulations aimed at governing the rapidly expanding prediction market industry, according to a report by The Wall Street Journal. Prediction markets allow...