Tag: banking

‘Wokeness’ at the Fed Could Easily Create Another Banking Crisis

could, Create, crisis, another, easily, banking, ‘Wokeness’0 comment

You expect your money to be safe in a bank, but if the Federal Reserve gets its way, that may not be the case soon. That’s because the Fed, which has a tremendous amount of regulatory power over the nation’s financial institutions, has begun using its authority to put politics before fiscal stability. If the Fed’s New Year’s resolution was to destabilize America’s financial system, it’s off to a great start. The Fed conducts stress tests of financial institutions to determine those firms’ solvency and the systemic risk they may…

Read More...

USPS continues postal banking pilot, despite House Republicans’ objections

USPS, banking, Republicans, House, Postal, continues, despite, Pilot, Objections0 comment

The Postal Service is telling its regulator it has no plans yet to pull the plug on a postal banking pilot, despite a lack of customers and opposition from House Republicans. USPS told the Postal Regulatory Commission in a recent filing that it will continue the postal banking pilot “in its current form” past March 2022. “No final determinations have been reached with regard to ending the pilot, or with regard to any other potential steps that might be taken to modify the pilot,” USPS attorneys wrote. USPS spokeswoman Tatiana…

Read More...