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The Budget and Accounting Transparency Act of 2014 is a bill that would modify the budgetary treatment of federal credit programs. [1] The bill would require that the cost of direct loans or loan guarantees be recognized in the federal budget on a fair-value basis using guidelines set forth by the Financial Accounting Standards Board. [1]
The Term Asset-Backed Securities Loan Facility (TALF) is a program created by the U.S. Federal Reserve (the Fed) to spur consumer credit lending. The program was announced on November 25, 2008, and was to support the issuance of asset-backed securities (ABS) collateralized by student loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration (SBA).
The Federal Trade Commission in September sued the largest PBMs – CVS Health’s Caremark Rx, Cigna’s Express Scripts and UnitedHealth Group’s Optum Rx – for allegedly inflating insulin ...
A bridge bank, IndyMac Federal Bank FSB, was established under the control of the FDIC. [6] The GSEs Fannie Mae and Freddie Mac were both placed in conservatorship in September 2008. [7] The two GSEs guaranteed or held mortgage-backed securities (MBS), mortgages, and other debt with a notional value of more than $5 trillion. [8]
The Federal Housing Finance Agency is increasing the size of home loans that the government can guarantee against default as it takes into account rising housing prices. Beginning next year ...
Without action from Congress, the U.S. government will begin a partial shutdown on Saturday that would interrupt funding for everything from air travel to law enforcement in the days leading up to ...
The Temporary Liquidity Guarantee Program (TLGP) was a program administered by the Federal Deposit Insurance Corporation (FDIC) from 2008 to 2012 in the aftermath of the 2007–2008 financial crisis. The program sought to promote confidence in the US banking system by guaranteeing interbank loans and no-interest transaction accounts, such as ...
Investors are also focused on the new administration’s position on the independence of the Federal Reserve because central bank policy is a key factor in Treasury price moves.