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December 18, 2024- The Federal Open Markets Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent. The Board of Governors of the Federal Reserve System...more
October 23, 2024 The U.S. Department of the Treasury's Community Development Financial Institutions Fund awarded 48 organizations $246.4 million for the development of affordable housing and community facilities serving...more
Many governments are grappling with the question of how to regulate artificial intelligence to ensure it is adopted safely and used responsibly without hampering innovation. Governments have generally indicated similar...more
July 25, 2024- The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency issued a statement reminding banks of potential risks associated with third-party arrangements...more
January 11, 2024- U.S. House Committee on Financial Services Chair Patrick McHenry (NC-10) and Ranking Member Maxine Waters (CA-43) announced the formation of the Committee's bipartisan Working Group on Artificial...more
September 28, 2023- The U.S. House Committee on Small Business Subcommittee on Rural Development, Energy, and Supply Chains held a hearing titled "Energy Independence: How Burdensome Energy Regulations are Crushing Small...more
May 4, 2023- The U.S. House Committee on Financial Services Subcommittee on Oversight and Investigations will hold a hearing on May 10, 2023, entitled, "Oversight of Silicon Valley Bank and Signature Bank: GAO's Preliminary...more
April 27, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Oversight of the Credit Reporting Agencies." April 27, 2023- The U.S. Senate Committee on Small Business &...more
March 13, 2023- The Federal Reserve Board announced that Vice Chair for Supervision Michael S. Barr is leading a review of the supervision and regulation of Silicon Valley Bank, in light of its failure. The review will be...more
October 27, 2022- U.S. Deputy Secretary of the Treasury Wally Adeyemo participated in a virtual roundtable with key stakeholders on climate impact, equity and the Inflation Reduction Act....more
October 21, 2022 U.S. Secretary of the Treasury Janet L. Yellen and White House Office of Management and Budget Director Shalanda D. Young today released the final budget results for fiscal year 2022....more
July 21, 2022- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Priced Out: The State of Housing in America."...more