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

Rep. Darrell Issa May Head Up CFPB

Rep. Darrell Issa May Head Up CFPB
Rep. Darrell Issa May Head Up CFPB
June 15, 2018  |  CFPB

Sources are saying that Representative Darrell Issa, the Republican lawmaker from California, might be the next leader of the Consumer Financial Protection Bureau (CFPB). Get...

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American Households Gain $1T In Wealth
American Households Gain $1T In Wealth
June 08, 2018  |  Markets

Bolstered by increasing home values and stock prices, The Fed said that American households gained $1 trillion in wealth over the first three months of...

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Jobs Report Spurs Some Optimism On The Street
Jobs Report Spurs Some Optimism On The Street
June 01, 2018  |  Economy

Equities were up. Bonds were down. Investors, by and large, acted the way one might expect amid a jobs report that came in above expectations....

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SMB Underwriting Slowed As Demand Fell Off At The End Of 2017
SMB Underwriting Slowed As Demand Fell Off At The End Of 2017
May 30, 2018  |  SMBs

Small businesses (SMBs) seeking loans decreased at the end of 2017, and companies felt the sting of financial challenges more acutely. Financing of all sorts was...

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SEC Stops Fraudulent ICO That Raised $21M
SEC Stops Fraudulent ICO That Raised $21M
May 30, 2018  |  Cybersecurity

The Securities and Exchange Commission (SEC) announced on Tuesday (May 29) that it has obtained a court order to stop a fraudulent initial coin offering...

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May Sees Slight Dip In Confidence In US Economy
May Sees Slight Dip In Confidence In US Economy
May 25, 2018  |  Economy

When it comes to the U.S. economy, households are feeling a little less confident than has been seen previously. The University of Michigan’s readings posted...

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SMBs Find Access To Finance Is No Longer Their Only Trade Worry
SMBs Find Access To Finance Is No Longer Their Only Trade Worry
May 24, 2018  |  B2B Payments

A new survey released this week by the U.S. Federal Reserve finds small businesses are enjoying boosted confidence (and revenues). But how are SMBs faring...

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OCC Puts Small-Dollar Loans Back In The Spotlight
OCC Puts Small-Dollar Loans Back In The Spotlight
May 24, 2018  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The...

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