The Federal Reserve Bank of New York is getting its house in order, ramping up measures to combat end-of-year funding risks and tapping permanent leaders to steer its interactions with markets.
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Wall Street banks and regional lenders could see an increase in the $250 billion they have to spend annually to meet U.S. requirements for doing business in lower-income communities as regulators prepare to overhaul the Community Reinvestment Act.
Total law school enrollment rose 2% to 132,684 in 2019, but the percentage of minority students getting a legal education didn’t grow with the industry under pressure to boost diversity, American Bar Association figures showed.
France sounded the alarm on mortgage lending and warned banks they must tighten conditions or face the possibility of having to set aside more capital.
The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency proposed sweeping changes to the way banks’ lending and investment in low-income communities are graded.