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

Why the Fed Underestimates the Pressures of the Paycheck-to-Paycheck Economy

Why the Fed Underestimates the Pressures of the Paycheck-to-Paycheck Economy
Why the Fed Underestimates the Pressures of the Paycheck-to-Paycheck Economy
July 25, 2023  |  Consumer Finance

Amber Carroll, senior vice president of membership and lifecycle strategy at LendingClub, told PYMNTS that the Federal Reserve’s long-quoted stat on financial well-being could use...

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Regional Banks Cut Back on Lending to Preserve Capital
Regional Banks Cut Back on Lending to Preserve Capital
July 24, 2023  |  Banking

Regional banks across the United States are reportedly deciding to cut back on lending in order to preserve capital and improve margins. Get the Full...

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Bitcoin Falls to Lowest Level in a Month
Bitcoin Falls to Lowest Level in a Month
July 24, 2023  |  Cryptocurrency

Bitcoin dropped to its lowest level in over a month Monday (July 24). Get the Full Story Complete the form to unlock this article and...

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TCH Reports RTP Network Has Topped Half a Billion Instant Payments
TCH Reports RTP Network Has Topped Half a Billion Instant Payments
July 24, 2023  |  Real-Time Payments

The Clearing House (TCH) has reported that its RTP instant payments network surpassed the 500 million payment milestone on Saturday (July 22). The RTP network...

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Financial Institutions and Service Providers Welcome Launch of FedNow
Financial Institutions and Service Providers Welcome Launch of FedNow
July 20, 2023  |  Real-Time Payments

Financial institutions and payment service providers hit the ground running when the Federal Reserve launched the FedNow Service on Thursday (July 20). Get the Full Story Complete the form...

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Payments Execs Debate the FedNow Launch: Instant Uptake or Tough Slog Ahead?
Payments Execs Debate the FedNow Launch: Instant Uptake or Tough Slog Ahead?
July 19, 2023  |  Real-Time Payments

And now comes the real test. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Banks Losing Net Interest Income as Big Deposits Look Elsewhere
Banks Losing Net Interest Income as Big Deposits Look Elsewhere
July 19, 2023  |  Banking

America’s banks are under increasing pressure as their corporate and institutional clients seek greater rates on deposits. Get the Full Story Complete the form to...

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Fed Official: AI Can Promote Bias in Lending Decisions
Fed Official: AI Can Promote Bias in Lending Decisions
July 19, 2023  |  Artificial Intelligence

Michael Barr has become the latest regulator urging caution on the use of artificial intelligence. Get the Full Story Complete the form to unlock this...

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