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Top related persons:
Randy Crane - 1 Crane - 1 Dodd - 1 Frank - 1 Jody Godoy - 1 Nick Zieminski - 1
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Texas U.S McAllen , Texas McAllen U.S . Southern District New York
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Consumer Financial Protection Bureau - 1 Supreme - 1 Texas Bankers Association - 1 American Bankers Association - 1 ABA - 1 U.S - 1 Rio Bank - 1 Circuit - 1

Search resuls for: "Texas Bankers Association"


4 mentions found


☆ Texas judge partially blocks small business loan rule
  + stars: | 2023-07-31 | by ( Jody Godoy | Thomson Reuters | Jody Godoy Reports On Banking | ) www.reuters.com   time to read: +2 min
The Texas Bankers Association (TBA), American Bankers Association (ABA) and a small Texas bank sued in April, saying the CFPB had no authority to issue the rule because an appeals court found the regulator's funding structure unlawful. U.S. District Court Judge Randy Crane in McAllen, Texas, granted a preliminary injunction blocking the CFPB from enforcing the rule against members of both groups and McAllen-based Rio Bank. Crane blocked the rule pending a ruling by the U.S. Supreme Court on the CFPB's funding structure. The law also required the small business loan rule. 23-00144, U.S. District Court, Southern District of Texas.
Persons: Randy Crane, Crane, Dodd, Frank, Jody Godoy, Nick Zieminski Organizations: Consumer Financial Protection Bureau, Supreme, Texas Bankers Association, American Bankers Association, ABA, U.S, Rio Bank, Circuit, Appeals, Federal Reserve, Congress, U.S . Constitution, Consumer Financial, Court, Southern District of Texas, Thomson Locations: Texas, U.S, McAllen , Texas, McAllen, U.S ., Southern District, New York
☆ Fed's Bowman backs 'targeted' bank rules reform but not 'radical' change
  + stars: | 2023-05-19 | by ( ) www.reuters.com   time to read: +2 min
"Radical reform of the bank regulatory framework - as opposed to targeted changes to address identified root causes of banking system stress - is incompatible with the fundamental strength of the banking system," she said. During testimony to Congress this week, Barr was repeatedly asked about Bowman's views, which were first laid out in detail last week. He said he welcomed any third-party independent reviews to follow his own review of the failure of Santa Clara, California-based SVB. Barr's review, which was published in late April, found problems in the Fed's own approach to supervision that he said needed fixing. Bowman did not touch on monetary policy or the economic outlook in her prepared remarks.
☆ Fed's hawks make a pitch against a rate-hike pause
  + stars: | 2023-05-18 | by ( ) www.reuters.com   time to read: +3 min
On Thursday, rate-futures markets reflected a one-in-three chance of a June rate hike, compared with a one-in-10-chance seen a week ago. The Fed has lifted borrowing costs at each meeting since March 2022, bringing them from near zero to a 5.00-5.25% range as of early this month. Consumer price inflation, for instance, edged down to a 4.9% annual pace in April but is still far above the Fed's 2% goal. However, his embrace of the idea that there is still a lot of policy tightening in the pipeline suggests he could be comfortable with a pause. Dallas Fed's Logan had the opposite presumption.
☆ Fed's Logan: data does not yet show June pause is appropriate
  + stars: | 2023-05-18 | by ( ) www.reuters.com   time to read: 1 min
May 18 (Reuters) - Dallas Federal Reserve Bank President Lorie Logan on Thursday said she's concerned that "much too high" inflation is not cooling fast enough yet to allow the Fed to pause its interest-rate hike campaign in June. "The data in coming weeks could yet show that it is appropriate to skip a meeting," Logan said in remarks prepared for delivery to the Texas Bankers Association in San Antonio, referring to the Fed's twice-quarterly policy-setting meetings, the next of which takes place June 13-14. "As of today, though, we aren’t there yet." Reporting by Ann SaphirOur Standards: The Thomson Reuters Trust Principles.
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