Accurate, Focused Research on Law, Technology and Knowledge Discovery With Daily Postings Since 2002
“The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) today made available the public portions of resolution plans for firms with generally less than $100 billion in qualifying nonbank assets, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Dodd-Frank Act requires that certain banking organizations with total …
World Bank Group’s Global Economic Prospects – Having Fiscal Space and Using It (GEP) report: “The global economy is still struggling to gain momentum as many high-income countries continue to grapple with legacies of the global financial crisis and emerging economies are less dynamic than in the past. Global growth in 2014 was lower than initially expected, continuing …
Conlon, Thomas and Cotter, John, Eurozone Bank Resolution and Bail-In — Intervention, Triggers and Writedowns (January 12, 2015). Available for download at SSRN: http://ssrn.com/abstract=2548770 “The European Union has recently introduced the Single Resolution Mechanism (SRM) to provide a consistent set of rules concerning Eurozone bank resolution. In this study, we retrospectively examine the implications of …
“Today, the Consumer Financial Protection Bureau (CFPB) released a report finding that almost half of consumers do not shop around for a mortgage when purchasing a home. The report also found that informed consumers are more likely to shop, especially if they are familiar with available mortgage rates. As part of its Know Before You …
EPIC – “In a speech at the Federal Trade Commission today, President Obama called for free access to credit scores. This will improve transparency for companies that profile consumers with “big data.” Last year, the White House explored “Big Data and the Future of Privacy.” EPIC called for “algorithmic transparency” and urged the White House to …
“The 2014 Current Population Survey Annual Social and Economic Supplement included redesigned questions for income and health insurance coverage. All of the approximately 98,000 addresses in the survey were eligible to receive the redesigned set of health insurance coverage questions. The redesigned income questions were implemented to a subsample of these 98,000 addresses using a …
Summary – The Board Should Enhance Its Supervisory Processes as a Result of Lessons Learned From the Federal Reserve’s Supervision of JPMorgan Chase & Company’s Chief Investment Office: “In May 2012, media outlets reported that JPMorgan Chase & Company’s (JPMC) Chief Investment Office (CIO) incurred approximately $2 billion in losses due to a complex trading …
“The Congressional Budget Office (CBO) is required by law to issue a report within 10 days of the end of a session of Congress that provides estimates of the limits (often called “caps”) on discretionary budget authority in effect for each fiscal year through 2021. CBO is also required to report whether, according to its estimates, enacted legislation for the current fiscal …
“POGO’s Foreign Influence Database is based on informational materials filed by lobbying and public relations firms working on behalf of foreign entities in the U.S. The Foreign Agents Registration Act (FARA) requires advocates representing foreign interests to register with the Department of Justice and to file within 48 hours any informational materials disseminated to two …
“..new analysis of Pew Research Center survey data collected in the fall lead-up to the 2014 midterm elections finds that at least as striking is the degree to which those who are financially insecure opt out of the political system altogether, and how that opting out disproportionately affects Democratic support. Financial security is strongly correlated with …
Adams, Robert M. and Gramlich, Jacob, Where are All the New Banks? The Role of Regulatory Burden in New Charter Creation (December 29, 2014). FEDS Working Paper No. 2014-113. Available for download at SSRN: http://ssrn.com/abstract=2544677 “The number of new bank charters in the United States has declined dramatically in recent years. From 1990 to 2008, over …
Hur, Sewon, The Lost Generation of the Great Recession (December 30, 2014). Available for download at SSRN: http://ssrn.com/abstract=2546188 “This paper analyzes the effects of the Great Recession on different generations. While older generations have suffered the largest decline in wealth due to the collapse in asset prices, younger generations have suffered the largest decline in labor …
