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During his second day of congressional testimony this week, the Federal Reserve chair said the central bank does not have supremacy over other agencies on their joint rulemaking.
July 10
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At the CFTC Sterling oversaw the 3,300-plus banks, intermediaries and asset managers registered with the agency, and the examination, rulemaking and enforcement referral programs.
July 10
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The Consumer Financial Protection Bureau has proposed requiring that mortgage servicers exhaust all efforts at assisting struggling borrowers before moving ahead with a foreclosure.
July 10
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Declining refinance activity offset the growth in government-backed purchases, the Mortgage Bankers Association said.
July 10
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The Federal Reserve chair said there is a consensus within the central bank's board of governors for reproposing its capital rules, but notes that other agencies have not yet signed off on this approach.
July 9
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Incremental to a $1.8 billion global revolving credit facility completed in May, it could boost the company's lender-driven debt capital capacity to $9.7 billion in total.
July 9
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The Carlyle US CLO 2022-4 transaction closed originally on September 1, 2022.
July 5
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The central bank also noted that the banking system is sound but faces several challenges. The report precedes Federal Reserve Chair Jerome Powell's upcoming appearances on Capitol Hill.
July 5
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The push for assurances on collateral is coming despite fierce competition for deals, and indicates borrowers face limits on their ability to change the standing of existing creditors to get the financing they need.
July 2
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Federal Reserve Chair Jerome Powell brushed away concerns that a second Trump presidency could imperil the central bank's independence.
July 2
