Fresh Today

Fresh Today

CHICAGO — The Federal Reserve said it will resume accepting penny deposits from banks and credit unions at commercial coin distribution locations beginning Jan. 14, restoring services that had been suspended amid inventory constraints following the end of penny production.

 

PHILADELPHIA — Credit unions have dramatically expanded their footprint across Pennsylvania, New Jersey, and Delaware over the past two decades, overtaking small banks in assets and consumer lending—but new research from the Federal Reserve Bank of Philadelphia raises fresh questions about how effectively that growth has translated into service for lower-income communities.

LAGUNA BEACH, Calif. — Federal Reserve Vice Chair for Supervision Michelle Bowman said the central bank is pressing ahead with a broad overhaul of bank supervision and regulation aimed at refocusing examiners on core financial risks, easing unnecessary burden—especially for community banks—and improving transparency after lessons from recent bank failures.