The Reserve Bank Board has announced a decision to lower the cash rate target to 4.10 percent and the interest rate on Exchange Settlement balances to 4 percent.
Over the course of 2024, credit institutions successfully prevented 72.17 million fraudulent attempts to steal clients' funds, a significant increase from the 34.77 million thwarted in 2023.
Earlier this week, the House Financial Services Committee, chaired by French Hill (AR-02), convened a hearing with Federal Reserve Chairman Jerome Powell.
As of January 1, 2025, the Bank of Russia reported a decrease in foreign equity participation in the authorized capital of credit institutions and insurance companies.
The Bank of Russia has opted to maintain its key interest rate at 21% per annum, according to a statement from Governor Elvira Nabiullina following the Board of Directors meeting on February 14, 2025.
House Financial Services Committee Chairman French Hill and Senate Banking Committee Chairman Tim Scott have introduced Congressional Review Act resolutions aimed at overturning the Biden Administration's Consumer Financial Protection Bureau...
Earlier this week, the Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee convened to discuss several bills and discussion drafts aimed at strengthening U.S. leadership in the digital asset sector.
Senate Banking Committee Chairman Tim Scott and House Financial Services Committee Chairman French Hill have introduced Congressional Review Act resolutions to overturn a Consumer Financial Protection Bureau (CFPB) rule from the Biden administration.
Chairman Tim Scott of South Carolina convened a roundtable discussion with Senate Banking Republicans and leaders from major consumer banks to address concerns surrounding debanking and regulatory issues.
House Financial Services Committee Chairman French Hill addressed the House floor, expressing concern over the rulemakings by the Consumer Financial Protection Bureau (CFPB) during the closing period of the Biden-Harris Administration.