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

Wells Considers Lending To Students With Government Debt

Wells Considers Lending To Students With Government Debt
Wells Considers Lending To Students With Government Debt
August 14, 2018  |  Loans

Wells Fargo might give its shrinking student lending business a boost by focusing on borrowers with U.S. government loans. The lender would offer loans to...

READ MORE >
Key Takeaways From Fed As Consumer Credit Pace Moderates In June
Key Takeaways From Fed As Consumer Credit Pace Moderates In June
August 08, 2018  |  Consumer Finance

The Federal Reserve released numbers this week that showed an annual percentage rate increase of 3.1 percent as measured in June, a moderated pace from...

READ MORE >
Fed Finds Biz Lending Swell Continues, But There’s A Downside
Fed Finds Biz Lending Swell Continues, But There’s A Downside
August 07, 2018  |  B2B Payments

Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the...

READ MORE >
Ticking Off The Boxes On The Fed’s Checklist Of B2B Payments Priorities
Ticking Off The Boxes On The Fed’s Checklist Of B2B Payments Priorities
August 07, 2018  |  B2B Payments

The revelation that U.S. businesses, more often than not, pay their suppliers via paper check still draws quizzical reactions from professionals abroad. The corporate and...

READ MORE >
Consumer Spending Increases In June Driven By Restaurants, Accommodations
Consumer Spending Increases In June Driven By Restaurants, Accommodations
July 31, 2018  |  Economy

Driven by spending at restaurants and on accommodations, U.S. consumer spending increased in June, setting the stage for a strong economy heading into the third...

READ MORE >
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...

READ MORE >
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,...

READ MORE >
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...

READ MORE >