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

SoFi Granted Bank Charter

SoFi Granted Bank Charter
SoFi Granted Bank Charter
January 19, 2022  |  Banking

Digital finance firm SoFi Technologies was granted approval to become a national bank pending its acquisition of Golden Pacific Bancorp (GPB), according to a press...

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Regulatory Environment Still Uncertain for CBDCs
Regulatory Environment Still Uncertain for CBDCs
January 18, 2022  |  CBDC

The regulatory environment is taking shape for central bank digital currencies (CBDCs) — but there’s hardly a clear-cut path forward, at least here in the...

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Congressman’s Bill To Ban Fed’s CBDC Will Heat Up Debate
Congressman’s Bill To Ban Fed’s CBDC Will Heat Up Debate
January 17, 2022  |  CBDC

Last week, Republican Congressman Tom Emmer introduced a bill prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. Get...

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Report: Federal Financial Regulators Should Ensure Protection of Personal Data
Report: Federal Financial Regulators Should Ensure Protection of Personal Data
January 14, 2022  |  Legal & Regulation

A review of five U.S. financial regulators responsible for protecting consumers’ personally identifiable information (PII) revealed four have failed to follow key practices, such as...

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Biden to Nominate Raskin for Top Fed Banking Regulator Position
Biden to Nominate Raskin for Top Fed Banking Regulator Position
January 13, 2022  |  Personnel

President Joe Biden will nominate Sarah Bloom Raskin to be top banking regulator for the Federal Reserve, The Wall Street Journal (WSJ) reported Thursday (Jan....

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A Year Later, Fed Chair Again Promises Crypto, CBDC Report ‘Soon’
A Year Later, Fed Chair Again Promises Crypto, CBDC Report ‘Soon’
January 11, 2022  |  CBDC

Federal Reserve Chairman Jerome Powell said the long-awaited digital currency report will be out “in the coming weeks.”  Get the Full Story Complete the form...

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Biden Considering Sarah Bloom Raskin to Take Top Fed Banking Spot
Biden Considering Sarah Bloom Raskin to Take Top Fed Banking Spot
December 28, 2021  |  Legal & Regulation

The Biden administration is considering former Fed governor Sarah Bloom Raskin for a top position at the Federal Reserve. Get the Full Story Complete the...

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Rep. Maxine Waters Calls for Freeze on Huge Bank M&A Deals While Reviews Are Pending
Rep. Maxine Waters Calls for Freeze on Huge Bank M&A Deals While Reviews Are Pending
December 12, 2021  |  Partnerships

Rep. Maxine Waters has called on the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC)...

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