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

CFPB: More Loans Will Require Detailed Disclosures in 2025

CFPB: More Loans Will Require Detailed Disclosures in 2025
CFPB: More Loans Will Require Detailed Disclosures in 2025
October 04, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) and Federal Reserve raised the dollar thresholds for applicability of Truth in Lending (Regulation Z) and Consumer Leasing (Regulation...

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Food Services and Healthcare Job Gains Ease Employment Concerns for Low-Income Consumers
Food Services and Healthcare Job Gains Ease Employment Concerns for Low-Income Consumers
October 04, 2024  |  Economy

The United States economy added 254,000 jobs in September, exceeding economists’ expectations and potentially mitigating some recent concerns about job prospects among the paycheck-to-paycheck consumer...

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Fed Questions AI Productivity Boost as EU Starts Work on Regulating It
Fed Questions AI Productivity Boost as EU Starts Work on Regulating It
October 02, 2024  |  Artificial Intelligence

Federal Reserve Governor Lisa Cook is tempering expectations of an artificial intelligence (AI) productivity impact, while Malaysia unveiled ambitious plans to become an AI hub...

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3 Things to Know as Private Credit Heads Toward a $2 Trillion Industry
3 Things to Know as Private Credit Heads Toward a $2 Trillion Industry
October 02, 2024  |  Loans

The private credit market is booming — and has the potential to reshape lending, and risk, too, in financial services. Get the Full Story Complete...

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Fed Terminates Decade-Old Money Laundering Enforcement Action vs Citigroup
Fed Terminates Decade-Old Money Laundering Enforcement Action vs Citigroup
October 01, 2024  |  Bank Regulation

The Federal Reserve has terminated a decade-old enforcement action against Citigroup that focused on deficiencies tied to the banking giant’s anti-money laundering (AML) practices. Get...

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Report: Wells Fargo Submits Third-Party Review to Federal Reserve
Report: Wells Fargo Submits Third-Party Review to Federal Reserve
September 26, 2024  |  Legal & Regulation

Wells Fargo reportedly submitted a third-party review of its risk and control overhauls to the Federal Reserve, seeking to end the Fed’s cap on its...

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Small Businesses Divided on How to Proceed After Rate Cuts
Small Businesses Divided on How to Proceed After Rate Cuts
September 26, 2024  |  SMBs

Last week, the Federal Reserve cut interest rates by half a percentage point. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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The Fed’s Rate Cut Could Rewrite Financial Playbooks for CFOs
The Fed’s Rate Cut Could Rewrite Financial Playbooks for CFOs
September 24, 2024  |  CFO

The Federal Reserve’s long-awaited interest-rate cut arrived Wednesday (Sept. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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