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

Report: Federal Financial Regulators Should Ensure Protection of Personal Data

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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Regulators Focus on Crypto, Hoping to Avoid Another Post-Crisis Reckoning
Regulators Focus on Crypto, Hoping to Avoid Another Post-Crisis Reckoning
December 07, 2021  |  Cryptocurrency

In its Semiannual Risk Perspective report, the Office of the Comptroller of the Currency (OCC) elevated digital assets in the banking sector to one of...

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As Crypto Firms’ Ambitions Grow, so Do Calls for SPDI Charters
As Crypto Firms’ Ambitions Grow, so Do Calls for SPDI Charters
December 02, 2021  |  Cryptocurrency

Having been hailed as the first crypto-friendly senator, Wyoming’s Cynthia Lummis lived up to that role on Dec. 1, asking her Republican colleagues to block...

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Innovation Center Launch Could Advance US Digital Currency
Innovation Center Launch Could Advance US Digital Currency
November 30, 2021  |  CBDC

An innovation hub will help the U.S. central banking system advance the process of implementing digital currency, Federal Reserve Chair Jerome Powell said, according to...

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