Government Information

Earl Gregg Swem Library

Federal Reserve: Oversight and Disclosure Issues

Categories: Business/Economics,Financial Crisis/Markets,Govt Finance,Govt Secrecy

http://fas.org/sgp/crs/misc/R42079.pdf

Discusses measures that the Fed has taken to provide more disclosure of Fed actions and calls for more oversight which might limit its political independence.  From the Congressional Research Service, posted by the Federation of American Scientists

 

Annual Report of the CFPB Student Loan Ombudsman

Categories: Consumer Info/Protection,Education-Higher,Financial Crisis/Markets

http://files.consumerfinance.gov/f/201410_cfpb_report_annual-report-of-the-student-loan-ombudsman.pdf

Analyzes complaints submitted by consumers with student loan complaints from October 2013 through September 2014.  Largest set of complaints relates to lack of repayment options and flexibility in times of distress.  From the Consumer Financial Protection Bureau

 

How Do the Federal Reserve and the U.S. Department of Justice, Antitrust Division, Analyze the Competitive Effects of Mergers and Acquisitions under the Bank Holding Company Act, the Bank Merger Act, and the Home Owners Loan Act?

Categories: Business/Economics,Financial Crisis/Markets,Laws/Regulations

http://www.federalreserve.gov/bankinforeg/competitive-effects-mergers-acquisitions-faqs.htm

A frequently asked questions about how the Federal Reserve interprets the competitive review process for bank acquisitions, mergers, and other transactions affected by the Dodd-Frank  Wall Street Reform and Consumer Protection Act.  From the Federal Reserve

 

Considering a Reverse Mortgage

Categories: Consumer Info/Protection,Financial Crisis/Markets,Housing/Homelessness

http://files.consumerfinance.gov/f/201409_cfpb_guide_reverse_mortgage.pdf

 

Discusses what it is, how it works, why caution is needed, and what alternatives might be available.  From the Consumer Financial Protection Bureau

 

Treasury Significantly Loosened Executive Pay Limits Resulting in Excessive Pay for Top 25 Employees at GM and Ally (GMAC) When the Companies Were not Repaying TARP in Full …

Categories: Financial Crisis/Markets,Govt/Business Scandals,Income/Poverty,Taxes

http://www.sigtarp.gov/Audit%20Reports/SIGTARP_Special_Master_Report.pdf

Investigation that revealed GM and Ally top executives received the benefits of loosened pay restrictions contrary to the president’s pay reform plan for executives whose companies were slow in repaying TARP loans.  From the Office of the Special Inspector General for the Troubled Asset Relief Program

 

2013 Interchange Fee Revenue, Covered Issuer Costs, and Covered Issuer and Merchant Fraud Losses Related to Debit Card Transactions

Categories: Business/Economics,Financial Crisis/Markets,Statistics

http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20140918a1.pdf

Summary information on the volume, value, and fraud losses related to debit card transactions in 2013.  From the Federal Reserve

 

State Mandated Financial Education and the Credit Behavior of Young Adults

Categories: Education,Financial Crisis/Markets,Youth

http://www.federalreserve.gov/pubs/feds/2014/201468/201468pap.pdf

Examines the credit scores and delinquency rates of young adults in three states where personal financial education mandates were established in 2007 to see if the programs have been successful.  From the Federal Reserve

 

An Update to the Budget and Economic Outlook: 2014 to 2024

Categories: Business/Economics,Financial Crisis/Markets,Govt Finance,Headlines,Statistics

http://www.cbo.gov/sites/default/files/cbofiles/attachments/45653-OutlookUpdate_2014_Aug.pdf

Updates earlier 2014 report; finds that the budget deficit is continuing to fall in 2014 but the federal debt is still growing.  Predicts that inflation will remain below the goal set by the Federal Reserve and that interest rates on Treasury securities will rise.   From the Congressional Budget Office

 

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