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)

Debate Over Debit Interchange Caps Set to Heat Up as Commentary Deadline Is Pushed Out
Debate Over Debit Interchange Caps Set to Heat Up as Commentary Deadline Is Pushed Out
January 24, 2024  |  Bank Regulation

The debate over debit card interchange fees — and the cap on those fees — looks set to rage for at least a few more...

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Federal Reserve Extends Comment Period on Interchange Fee Proposal
Federal Reserve Extends Comment Period on Interchange Fee Proposal
January 23, 2024  |  Bank Regulation

The Federal Reserve Board has extended the comment period on its interchange fee proposal. Originally set to end on Feb. 12, the comment period is...

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Consumers Feeling Better About Inflation — Will They Feel Comfortable Spending?
Consumers Feeling Better About Inflation — Will They Feel Comfortable Spending?
January 19, 2024  |  Economy

Headed into the new year, consumers are confident about the economy, and about overall trends in inflation. As reported by the University of Michigan’s survey of...

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Stablecoins Gain Ground With Fraudsters Looking to Move Beyond Bitcoin
Stablecoins Gain Ground With Fraudsters Looking to Move Beyond Bitcoin
January 18, 2024  |  Cryptocurrency

Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services. Turns out that nowadays, the digital holdings...

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Fed’s Beige Book Says Holiday Spending Met or Exceeded Expectations
Fed’s Beige Book Says Holiday Spending Met or Exceeded Expectations
January 17, 2024  |  Economy

Economic activity in the United States remained relatively stable from mid-November through December.  While a majority of the 12 Federal Reserve Districts reported little or...

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Looking to Capture the Real-Time Opportunity in B2B Payments? You’re Not Alone
Looking to Capture the Real-Time Opportunity in B2B Payments? You’re Not Alone
January 15, 2024  |  B2B Payments

The thing about traditional B2B payment methods is that they tend to be rather … traditional. That includes paper checks, which remain tied to 40% of...

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Credit Card Delinquencies Near Highest Level Since 2012
Credit Card Delinquencies Near Highest Level Since 2012
January 11, 2024  |  Consumer Finance

Credit card balances and delinquencies have been rising as consumer spending remains strong, but government support drops from pandemic levels. During the third quarter, large...

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Report: Fed’s Emergency Lending Program Providing ‘Easy Money’ to Banks
Report: Fed’s Emergency Lending Program Providing ‘Easy Money’ to Banks
January 10, 2024  |  Banking

The Federal Reserve’s emergency lending program, known as the Bank Term Funding Program (BTFP), has reportedly become a source of “easy money” for banks. Established...

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Paycheck-to-Paycheck Consumers Show Strain as Revolving Credit Balances Spike 17.7%
Paycheck-to-Paycheck Consumers Show Strain as Revolving Credit Balances Spike 17.7%
January 08, 2024  |  Consumer Finance

Consumers loaded up on debt even before the holidays and into Black Friday — and those of us living paycheck to paycheck may feel the...

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