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

Today in FinTech: Patent Pending; Crypto Counsel; US CBDC Perks; Crypto Lending Stakes

Today in FinTech: Patent Pending; Crypto Counsel; US CBDC Perks; Crypto Lending Stakes
Today in FinTech: Patent Pending; Crypto Counsel; US CBDC Perks; Crypto Lending Stakes
June 17, 2022  |  Technology

In today’s FinTech news, a British firm filed a patent to protect its digital wallet technology, and a community bank steals a compliance chief from...

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Fed Chair: CBDC Could Preserve Dollar’s Standing
Fed Chair: CBDC Could Preserve Dollar’s Standing
June 17, 2022  |  CBDC

A central bank digital currency (CBDC) would help boost the long-term strength of the U.S. dollar, the chair of the Federal Reserve said Friday (June...

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Reserve Trust Raises Questions About Fed’s Guidelines on Master Account Access
Reserve Trust Raises Questions About Fed’s Guidelines on Master Account Access
June 14, 2022  |  Bank Regulation

The Federal Reserve Board published in March an updated proposal for its guidelines to evaluate requests for accounts and services at Federal Reserve Banks. The...

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TechREG Weekly US: Lawmakers Propose Crypto Legislation; DOJ Urges More Int’l Cooperation
TechREG Weekly US: Lawmakers Propose Crypto Legislation; DOJ Urges More Int’l Cooperation
June 10, 2022  |  Legal & Regulation

This week in TechREG U.S., cryptocurrency regulation has dominated the space. Lawmakers have discussed the role of cryptos in ransomware attacks and how to tackle...

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GOP Lawmaker Says Fed Revoked Master Account for FinTech Reserve Trust
GOP Lawmaker Says Fed Revoked Master Account for FinTech Reserve Trust
June 09, 2022  |  Legal & Regulation

U.S. Sen. Pat Toomey wants answers on why the Federal Reserve Bank of Kansas City, he says, revoked a master account for the FinTech Reserve...

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Senate Panel OKs Michael Barr as Fed’s Head of Bank Regulation
Senate Panel OKs Michael Barr as Fed’s Head of Bank Regulation
June 08, 2022  |  Legal & Regulation

President Joe Biden’s nominee for Federal Reserve vice chair of banking supervision, Michael Barr, has moved closer to winning the nomination after a lengthy process,...

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Today in TechREG: DOJ Urges to Strengthen Int’l Cooperation to Fight Crypto Crime, UK Wants Financial Regulators to Oversee Amazon, Microsoft Clouds
Today in TechREG: DOJ Urges to Strengthen Int’l Cooperation to Fight Crypto Crime, UK Wants...
June 08, 2022  |  Legal & Regulation

Today in TechREG, the United Kingdom has announced that it is planning to introduce legislation to give more powers to financial regulators to oversee nonfinancial...

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Crypto Bank Custodia Sues Federal Reserve Over ‘Black-Box’ Master Account Decision
Crypto Bank Custodia Sues Federal Reserve Over ‘Black-Box’ Master Account Decision
June 08, 2022  |  Legal & Regulation

Custodia Bank, a Wyoming-based digital asset bank, has taken legal action against the Federal Reserve Bank of Kansas City and the Board of the Federal...

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