federal reserve

Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

Source: federalreserve.gov

Why Household Finances Under The Hood Don’t Look So Good
Why Household Finances Under The Hood Don’t Look So Good
July 23, 2018  |  Payments Innovation

Paul McCartney and The Beatles may have told us that money can’t buy us love, but new research claims that it can certainly buy us...

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The Strange Spending Trends Around Sales Tax Holidays
The Strange Spending Trends Around Sales Tax Holidays
July 19, 2018  |  Retail

The summer season is here, and while most of us tend to associate that with spending on sunblock, grilling meats and bathing suits, the reality,...

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Bitcoin Daily: Fed Chairman Thinks Cryptos Are Insignificant, Billionaire Marc Lasry Says Bitcoin Could Top $40k
Bitcoin Daily: Fed Chairman Thinks Cryptos Are Insignificant, Billionaire Marc Lasry Says Bitcoin Could Top...
July 19, 2018  |  Bitcoin

Coinbase says that it hasn’t received approval from two U.S. watchdogs for three acquisitions, Cryptovest reported. The firm reportedly told Bloomberg that it had received approval...

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Consumer Debt Increases In May
Consumer Debt Increases In May
July 10, 2018  |  Consumer Finance

New data shows that U.S. consumer debt rose in May by the most in six months, showing that Americans were more comfortable with spending midway...

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Fed: Banks Reverse Corporate Lending Slump
Fed: Banks Reverse Corporate Lending Slump
July 09, 2018  |  B2B Payments

In a sign of strength for the U.S. economy, banks are reporting that business loans are on the rise. According to The Wall Street Journal,...

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Fed Chairman Has Had Meetings With Lawmakers, White House, Bankers
Fed Chairman Has Had Meetings With Lawmakers, White House, Bankers
July 09, 2018  |  Politics

Federal Reserve Chair Jerome Powell is taking a different approach to meetings, spending more time with lawmakers, White House Advisors, and banks than Janet Yellen,...

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SoFi Talking To Banks About $500M Line Of Credit For Buys
SoFi Talking To Banks About $500M Line Of Credit For Buys
July 03, 2018  |  Banking

Social Finance, the online lender, has been holding talks with banks during the past few weeks in an effort to raise around $500 million in...

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Record US Corporate Debt Levels Have Analysts At Odds
Record US Corporate Debt Levels Have Analysts At Odds
June 29, 2018  |  B2B Payments

A day after the Bank of England issued a warning of rising debt levels across the globe, new analysis eased some concerns over growing corporate...

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Banks Lure Deposit Customers With Increased Cash Bonuses
Banks Lure Deposit Customers With Increased Cash Bonuses
June 25, 2018  |  Bank Regulation

Rising interest rates on the part of the Federal Reserve for the past few years hasn’t prompted a lot of banks to raise the rates...

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