Approximately 4 million or more children are eligible, but are not yet receiving the advance child tax credit. The American Rescue Plan Act’s (ARPA) expansion of the Child Tax Credit (CTC) substantially supplements the earnings of recipient families.Read More
The Basel Accord will affect the availability and cost of credit to U.S. businesses of all sizes. That is unless U.S. regulators act.Read More
Current bank regulations evaluate a bank’s capital and liquidity separately. Digging through the Federal Reserve archives, we found that this has not always been the case. Federal Reserve Board Form F.R. 363 – Form for Analyzing Bank Capital – from 1956 defines a risk-based capital requirement augmented with a liquidity-sensitive add-on. As described in Luckett …Read More
The Basel Accord will affect the availability and cost of credit to U.S. businesses of all sizes. That is unless U.S. regulators act.
Stories Driving the Week Omarova Faces Bipartisan Scrutiny OCC nominee Saule Omarova risks being rejected by the Senate after a contentious confirmation hearing this week, the Financial Times reported. The Cornell law professor’s policy positions faced criticism from Republicans as well as two moderate Democrats, Sens. Jon Tester (D-MT) and Mark Warner (D-VA), the article said. …
Washington, D.C. — The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation issued a final rule yesterday requiring a bank to notify its primary federal regulator if a data breach or other computer-security incident occurs. The rule outlines that once a bank …
Dear Majority Leader Schumer and Minority Leader McConnell The undersigned associations representing banks and credit unions of all sizes write to express our opposition to the proposed U.S. Small Business Administration (SBA) direct lending program as currently included in the Build Back Better (BBB) legislation. We have concerns that this new government operated program will …
Washington, D.C. — The Bank Policy Institute and the Financial Services Forum today in a letter to the House Financial Services Committee expressed support for legislation enabling banks to offer more job opportunities to rehabilitated people with prior criminal offenses. The Fair Hiring in Banking Act would update a federal law to exempt certain job applicants from …
BITS is the technology policy division of the Bank Policy Institute. BITS provides an executive level forum to discuss and promote current and emerging technology, foster innovation, reduce fraud and improve cybersecurity and risk management practices for the nation’s financial sector.
The research department conducts long- and short-term analysis on issues primarily related to bank regulation and supervision with the objective of encouraging welfare-enhancing regulatory change. Our economists conduct academic-level research intended for presentation at conferences and publication in peer-reviewed journals.