House Financial Services Committee Chairman Patrick McHenry, R-N.C., and Senate Banking Committee Ranking Member Tim Scott, R-S.C., wrote to Federal Reserve Chairman Jerome Powell Monday requesting that the Fed provide insights into its supervision of Silicon Valley Bank and Signature Bank.
The Federal Open Market Committee (FOMC) begins its two-day monetary policy meeting today. Recent economic data, as well as bank failures and uncertainty in the financial markets, has created a murky environment and differing opinions on how the committee should handle the federal funds rate.
NAFCU has a free, on-demand webinar available to help credit unions evaluate their institution’s liquidity and other factors in the wake of the Silicon Valley Bank and Signature Bank collapses.
Our online training subscriptions have industry experts covering the hottest topics in a fast, convenient way. Plus, they allow your entire credit union staff access to online training 24/7/365.
