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

Wells Fargo CEO: ‘Hard to Avoid’ a Recession

Wells Fargo CEO: ‘Hard to Avoid’ a Recession
Wells Fargo CEO: ‘Hard to Avoid’ a Recession
May 17, 2022  |  Economy

Speaking at an event, Wells Fargo CEO Charlie Scharf said it’s almost a given that the U.S. is heading for an economic downturn, The Wall...

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Prepare for US Recession, Goldman’s Blankfein Says
Prepare for US Recession, Goldman’s Blankfein Says
May 15, 2022  |  Economy

Goldman Sachs Senior Chairman Lloyd Blankfein said a U.S. recession is at “very, very high risk,” warning that companies and consumers alike should be ready,...

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Today in FinTech: Accountable to Expand With Funding; Feds Plan Lending Rules Update
Today in FinTech: Accountable to Expand With Funding; Feds Plan Lending Rules Update
May 05, 2022  |  Fintech Investments

In today’s FinTech news, Accountable has fresh capital for its mission to ease accounting and tax handling for freelancers, while Western Union and PagaPhone are...

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Federal Regulators Propose New Low-Income Lending Rules
Federal Regulators Propose New Low-Income Lending Rules
May 05, 2022  |  Bank Regulation

U.S. regulators are set to rework the way banks lend money to lower-income communities. Get the Full Story Complete the form to unlock this article...

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Federal Reserve Onboards First Participants in FedNow Pilot, Including Square
Federal Reserve Onboards First Participants in FedNow Pilot, Including Square
May 02, 2022  |  Real-Time Payments

The Federal Reserve has started onboarding the first participants to the FedNow Service pilot program, beginning the instant payment service’s initial testing phase, according to...

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Today in FinTech: Stripe Connect Assists Freelancers; Fed Master Accounts Help FinTechs
Today in FinTech: Stripe Connect Assists Freelancers; Fed Master Accounts Help FinTechs
April 22, 2022  |  Technology

In today’s FinTech news, freelancers and creators are getting paid faster with Stripe Connect, while the Federal Reserve is opening up master accounts to more...

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Fed Master Accounts Give FinTechs Firepower to Meet, and Beat, Banks on Their Own Payments Turf
Fed Master Accounts Give FinTechs Firepower to Meet, and Beat, Banks on Their Own Payments...
April 22, 2022  |  Bank Regulation

No comment. Really — at least right now — now comment. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Fed Ends Consultation With Kraken, Custodia Nearing Access to Payment Rails 
Fed Ends Consultation With Kraken, Custodia Nearing Access to Payment Rails 
April 21, 2022  |  Bank Regulation

The Federal Reserve will close tomorrow, April 22, a public consultation for its updated guidelines to evaluate requests for accounts and services at Federal Reserve...

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