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

White House Mulling Former CFPB Director Richard Cordray as Fed Banking Regulator

White House Mulling Former CFPB Director Richard Cordray as Fed Banking Regulator
White House Mulling Former CFPB Director Richard Cordray as Fed Banking Regulator
November 30, 2021  |  Bank Regulation

President Joe Biden is weighing whether to nominate attorney and former Consumer Financial Protection Bureau Richard Cordray as the Federal Reserve’s top banking regulator, people...

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Fed’s Debt Data Report Signals Pressures for Paycheck-to-Paycheck Consumers
Fed’s Debt Data Report Signals Pressures for Paycheck-to-Paycheck Consumers
November 09, 2021  |  Credit Cards

In the United States, we’re wielding the plastic — or the digital versions of it, at least — more than we have in quite some...

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Federal Reserve Debuts Website, Tools in Advance of FedNow, Instant Payments Launch
Federal Reserve Debuts Website, Tools in Advance of FedNow, Instant Payments Launch
October 20, 2021  |  Real-Time Payments

The Federal Reserve has rolled out new resources to offer education, preparation and ecosystem innovation for instant payments, according to a Wednesday (Oct. 20) press...

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Federal Reserve Pushes Digital Payments Standards to Boost Adoption
Federal Reserve Pushes Digital Payments Standards to Boost Adoption
October 14, 2021  |  B2B Payments

The Federal Reserve System, along with the Business Payments Coalition (BPC) and 115 industry organizations, is working to speed the adoption of digital payments by...

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Fed Finalizes Analysis, Report on Digital Currency
Fed Finalizes Analysis, Report on Digital Currency
October 04, 2021  |  CBDC

As soon as this week, the Federal Reserve could begin weighing the possible risks and benefits of issuing a U.S. digital currency, according to a...

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No Plans to Ban Crypto in US – But Digital Dollar May Eventually Win Out
No Plans to Ban Crypto in US – But Digital Dollar May Eventually Win Out
October 04, 2021  |  CBDC

In the United States, there will be no ban on cryptocurrencies — but one wonders what will become of central bank digital currencies, in particular...

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Fed’s Powell Says He Won’t Try To Ban Crypto
Fed’s Powell Says He Won’t Try To Ban Crypto
September 30, 2021  |  Cryptocurrency

Jerome Powell, Federal Reserve chair, has clarified previous comments about cryptocurrency, saying he doesn’t want to ban the digital currency, a Bloomberg video says. Get...

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BIS Says Central Banks Risk Playing CBDC Catch Up Game
BIS Says Central Banks Risk Playing CBDC Catch Up Game
September 12, 2021  |  Payment Methods

There’s always deep debate about how best to promote innovation in the tech space – particularly when it comes to payments. Get the Full Story...

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