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

Fed’s Beige Book Cites Weak Discretionary Spending

Fed’s Beige Book Cites Weak Discretionary Spending
Fed’s Beige Book Cites Weak Discretionary Spending
April 17, 2024  |  Economy

Eight times each year the Fed publishes what’s known as the Beige Book — a qualitative take from each of the 12 federal bank districts....

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Report: Morgan Stanley Facing Probes of Anti-Money Laundering Practices
Report: Morgan Stanley Facing Probes of Anti-Money Laundering Practices
April 11, 2024  |  Cybersecurity

Morgan Stanley is reportedly facing investigations by several agencies into how its wealth management division vets and monitors clients who may pose money-laundering risks. Get the...

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Consumers Make Minimum Credit Card Payments as Inflation Takes a Bite
Consumers Make Minimum Credit Card Payments as Inflation Takes a Bite
April 11, 2024  |  Credit Cards

In signs of continued pressure in the paycheck-to-paycheck economy, more consumers are making only the minimum payments on their credit cards. Get the Full Story...

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Revolving Credit Surge Hints at Split Payments’ Continued Appeal
Revolving Credit Surge Hints at Split Payments’ Continued Appeal
April 08, 2024  |  Alternative Credit

Debt continues to mount — and at an accelerated pace, per the Federal Reserve’s latest tally on consumer credit. Get the Full Story Complete the form...

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Consumers’ Total Outstanding Credit Rose 3.4% in February
Consumers’ Total Outstanding Credit Rose 3.4% in February
April 05, 2024  |  Consumer Finance

Consumers’ total outstanding credit increased by $14.1 billion in February. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Small Business, Banks Embrace Credit Alternatives
Small Business, Banks Embrace Credit Alternatives
March 21, 2024  |  Loans

Banks — the stalwarts of traditional lending — are finding new channels and conduits to getting capital to borrowers, across alternative channels, and with FinTech...

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Scam Factories Exploit Advanced Tech to Amplify Payments Fraud
Scam Factories Exploit Advanced Tech to Amplify Payments Fraud
March 13, 2024  |  Cybersecurity

Scam factories, where perpetrators themselves are victims of a system they help perpetuate, present a significant challenge to the integrity of global financial networks, resulting...

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Cash Secures Future as Lawmakers Prioritize Inclusive Payment Methods
Cash Secures Future as Lawmakers Prioritize Inclusive Payment Methods
March 12, 2024  |  Cash

The recent move by Norway to enact rules ensuring consumers’ ability to pay with cash reflects a growing concern over the potential exclusion of certain...

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