Transactional Records Access Clearinghouse: “Poor management of FOIA requests at Immigration and Customs Enforcement (ICE) is evidenced by older requests being forgotten while the agency focuses on the newer ones, according to the latest ICE records compiled and analyzed by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University. For example, as of the end… Continue Reading
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Author Archives: Sabrina I. Pacifici
Detroit Bankruptcy is Largest Chapter 9 Filing in U.S. History
Via FindLaw – “The city of Detroit’s recent bankruptcy filing made it the the largest U.S. city in history to seek Chapter 9 protection. The filing (attached below) came in the face of $18.5 billion in debt to creditors and unions. Detroit has seemingly tapped out its tax base, with no further ability to tax… Continue Reading
OFR Working Paper – Stress Tests to Promote Financial Stability
Stress Tests to Promote Financial Stability: Assessing Progress and Looking to the Future – Rick Bookstaber, Jill Cetina, Greg Feldberg, Mark Flood, Paul Glasserman, July 18, 2018 “Stress testing, which has its roots in risk management, should be adapted to support financial stability monitoring and to incorporate the interconnections and dynamics of the financial system. Since the… Continue Reading
The Digital Landscape in 2013 and its Impact on Communities
Personal. Portable. Participatory. Pervasive. The Digital Landscape in 2013 and its Impact on Communities by Lee Rainie July 18, 2013 at Community Foundations, brought together by the John S. and James L. Knight Foundation. “Pew Internet Director Lee Rainie discussed the new media ecosystem with leaders of community foundations from Western states and several other… Continue Reading
New York Fed – Shadow Banking
Shadow Banking – Zoltan Pozsar, Tobias Adrian, Adam Ashcraft, and Hayley Boesky, July 18, 2013 “The rapid growth of the market-based financial system since the mid-1980s has changed the nature of financial intermediation. Within the system, “shadow banks” have served a critical role, especially in the run-up to the recent financial crisis. Shadow banks are financial intermediaries that… Continue Reading
Chairman Ben S. Bernanke Semiannual Monetary Policy Report to the Congress
“Chairman Hensarling, Ranking Member Waters, and other members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. I will discuss current economic conditions and the outlook and then turn to monetary policy. I’ll finish with a short summary of our ongoing work on regulatory reform. The Economic Outlook – The… Continue Reading
The Rising Use of Nonbank Credit among U.S. Households: 2009-2011
The Rising Use of Nonbank Credit among U.S. Households: 2009-2011 by Gregory B. Mills and William Monson, Urban Institute, July 17, 2013. “Between January 2009 and June 2011, through the depths of the Great Recession and the initial sluggish recovery, the percentage of U.S. households that had ever used high-cost nonbank credit rose from 11.8 to 14.2 percent. This… Continue Reading
DOD Office of General Counsel – Standards of Conduct Office Encyclopedia of Ethical Failure
Encyclopedia of Ethical Failure – Department of Defense Office of General Counsel Standards of Conduct Office, Updated July 2012 (note: this is a Word doc) Continue Reading
BIS – Should monetary policy lean against the wind? – an analysis based on a DSGE model with banking
Should monetary policy lean against the wind? – an analysis based on a DSGE model with banking, by Leonardo Gambacorta and Federico M Signoretti – Working Papers No 418, July 2013 “The global financial crisis has reaffirmed the importance of financial factors for macroeconomic fluctuations. Recent work has shown how the conventional pre-crisis prescription that… Continue Reading
BIS – Relationship and Transaction Lending in a Crisis
Relationship and Transaction Lending in a Crisis by Patrick Bolton, Xavier Freixas, Leonardo Gambacorta and Paolo Emilio Mistrulli, Working Papers No 417 -July 2013 “We study how relationship lending and transaction lending vary over the business cycle. We develop a model in which relationship banks gather information on their borrowers, which allows them to provide… Continue Reading
CFPB: Student debt swells, federal loans now top a trillion
Rohit Chopra is the CFPB’s Student Loan Ombudsman. This post is excerpted from prepared remarks before a conference hosted by the Center for American Progress on July 17, 2013, in Washington, DC. “While there has been considerable attention by policymakers on federal student loan interest rates taken out for the 2013-2014 academic year, outstanding student… Continue Reading
EPIC: Working Group Rejects Industry Do Not Track Proposal
“The World Wide Web Consortium has rejected a Do Not Track standard proposed by the online advertising industry. The industry proposal would have allowed advertising companies to continue to collect data about the browsing activities of consumers, but would have limited the way companies could characterize users based on that data. The group stated that… Continue Reading
