Biggest banks sue the Federal Reserve over annual stress tests

A group of banks and business organizations, including the Bank Policy Institute and the U.S. Chamber of Commerce, are suing the Federal Reserve over its annual bank stress tests.

The plaintiffs argue that the process lacks transparency and violates federal law by not allowing public input.

While they support stress testing, they claim the current process imposes inconsistent and unclear restrictions on bank capital.

The Fed recently announced plans to seek public feedback on changes to the stress tests, but the proposed adjustments may not address all concerns, CNBC has reported.

read more: https://www.cnbc.com/2024/12/24/biggest-banks-planning-to-sue-the-federal-reserve-over-annual-stress-tests.html

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Follow Me On Truth Social
https://truthsocial.com/@BC_Begley

Follow Me On BlueSky
https://bsky.app/profile/bcbegley.bsky.social

#Banks #FederalReserve