Banks, organizations sue Federal Reserve over annual stress tests

Dec. 24 (UPI) -- A group of banks and financial organizations sued the Federal Reserve Tuesday over a lack of transparency in its annual stress tests.

The Bank Policy Institute, which represents some of the country's leading financial institutions like JPMorgan, Citigroup, and Goldman Sachs, filed the suit with the American Bankers Association, the Ohio Bankers League, the Ohio Chamber of Commerce and the U.S. Chamber of Commerce joining.

Advertisement