Tag Archive | "the Fed"

Federal Reserve Says Disclosing Loans Will Hurt Banks

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The Fed’s board of governors asked the Manhattan Chief U.S. District Judge, Loretta Preska, to delay the enforcement of her decision, which she took on 24th August about the identities of borrowers.

federal-reserve

The decision required that the identities of borrowers in 11 lending programs must be made public by Aug. 31. Until the U.S. Court of Appeals in New York can hear the case, until the U.S. Court of Appeals in New York can hear the case, the central bank wants Preska to stay her order.

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