Banking and business groups have sued the Federal Reserve over its annual stress tests, claiming that the central bank’s rules are unclear and unfair. The groups, including the Bank Policy Institute and American Bankers Association, argue that the Fed’s criteria for the tests are not transparent enough and produce inconsistent requirements on bank capital. This lack of transparency is affecting the cost of financial services in the US, according to a federal lawsuit filed in Ohio.
Source: https://www.bloomberg.com/news/articles/2024-12-24/bank-groups-sue-fed-over-stress-tests-citing-impact-on-capital