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 Governor Michelle Bowman Concerned About Risk of Digital Dollar

Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
October 17, 2023  |  CBDC

Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Get the Full Story Complete...

READ MORE >
LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
October 12, 2023  |  Banking

LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” Get the Full Story Complete...

READ MORE >
Consumers See No Inflation Relief and That Credit’s No Sure Thing
Consumers See No Inflation Relief and That Credit’s No Sure Thing
October 10, 2023  |  Economy

Inflation’s steady at the moment, on its way to ticking up … and credit’s tougher to come by. Get the Full Story Complete the form...

READ MORE >
Slowing Loan Growth Expected to Squeeze Big US Banks’ Profits
Slowing Loan Growth Expected to Squeeze Big US Banks’ Profits
October 09, 2023  |  Banking

The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits....

READ MORE >
Fed Bank Watchdog Defends New Capital Requirements
Fed Bank Watchdog Defends New Capital Requirements
October 09, 2023  |  Bank Regulation

Michael Barr wants American banks to see new capital requirements as a help, not a hinderance. Get the Full Story Complete the form to unlock this...

READ MORE >
Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
October 05, 2023  |  Banking

The Bank for International Settlements, central banks and traditional financial institutions (FIs) are in the midst of tackling various ways and means of creating and...

READ MORE >
FedNow Service Surpasses 100 Participants Since July Launch
FedNow Service Surpasses 100 Participants Since July Launch
October 03, 2023  |  Real-Time Payments

More than 100 institutions are now actively participating on the Federal Reserve’s FedNow® Service network, which launched in July. Get the Full Story Complete the form to...

READ MORE >
Supreme Court to Decide If Swipe Fee Challenge Can Proceed
Supreme Court to Decide If Swipe Fee Challenge Can Proceed
September 29, 2023  |  Legal & Regulation

The U.S. Supreme Court has reportedly agreed to hear an appeal from a convenience store regarding the timeliness of its lawsuit challenging a Federal Reserve...

READ MORE >