Tag: Banking and credit
US Treasury sanctions 7 Lebanese tied to Hezbollah finances
BEIRUT — The U.S. Treasury Department on Tuesday imposed new sanctions on seven Lebanese linked to the militant Iran-backed Hezbollah group and its financial...
Consumer watchdog agency rediscovers its teeth under Biden
NEW YORK — The nation's consumer watchdog is signaling a more aggressive approach toward the financial services sectors after a few years of being...
Yellen picks top Fed banking regulator as acting comptroller
WASHINGTON — Michael J. Hsu, a top banking regulator at the Federal Reserve, was appointed by Treasury Secretary Janet Yellen on Friday as acting...
Chicago suburb set to pay reparations, but not all on board
EVANSTON, Ill. — When Teri Murray tried to buy her first home in 1968, searching this leafy college town for the perfect place, she...
Fed warns US financial system remains vulnerable to threats
WASHINGTON — The Federal Reserve is warning that the U.S. financial system remains vulnerable to threats stemming from the global pandemic, including the possibility...
Powell sees need to help most vulnerable in uneven recovery
WASHINGTON — Federal Reserve Chairman Jerome Powell says the economic outlook has “clearly brightened” in the United States but the recovery remains too uneven...
Yellen: Biden’s phased-in spending plan won’t fuel inflation
WASHINGTON — President Joe Biden’s massive proposed spending on infrastructure, families and education will not fuel inflation because the plans would be phased in...
Powell’s high-stakes bet: More jobs but only mild inflation
WASHINGTON — With employers hiring, consumers spending and companies raising some prices, Federal Reserve Chair Jerome Powell is embarking on a high-stakes gamble.
...
Merchants sue Federal Reserve over fees for debit cards
NEW YORK — Two trade groups representing businesses in North Dakota filed a lawsuit Thursday against the Federal Reserve, asking the agency to lower...
US average mortgage rates rise slightly; 30-year at 2.98%
WASHINGTON — Mortgage rates rose slightly this week after three weeks of declines as new economic data underscores the recovering economy's strength. The benchmark...