Know Your Finance Reform: The Fed
The Federal Reserve
The Fed’s relationships with banks face more scrutiny from the Government Accountability Office, Congress’ investigative arm. The GAO can audit emergency lending the Fed made after the 2008 financial crisis emerged. It also could audit the Fed’s low-cost loans to banks, and the Fed’s buying and selling of securities to implement interest-rate policy.
The Fed also has to set lower limits on the fees that banks charge merchants who accept debit cards.
Posted on July 29, 2010, in Finance Reform 2010, Newspaper & Journal Articles, Politics & The Economy and tagged federal reserve, finance reform, Finance Reform 2010, the fed. Bookmark the permalink. Leave a comment.