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 Payments: PayPal Reports Strong Q1 Results; Chime Stops Using Word ‘Bank’ After Regulator’s Pushback

Today In Payments: PayPal Reports Strong Q1 Results; Chime Stops Using Word ‘Bank’ After Regulator’s Pushback
Today In Payments: PayPal Reports Strong Q1 Results; Chime Stops Using Word ‘Bank’ After Regulator’s...
May 06, 2021  |  News

In today’s top news, PayPal’s earnings exceeded expectations as the firm sets its eyes on building a super app, and Chime has to drop the...

READ MORE >
Fed Considers Proposal To Allow FinTechs Access To Payment System
Fed Considers Proposal To Allow FinTechs Access To Payment System
May 05, 2021  |  Digital Payments

The Federal Reserve Board has invited comment from the public on proposed guidelines to evaluate requests for accounts and payment services at Federal Reserve banks,...

READ MORE >
Big Banks Look To Lower Corporate Deposits
Big Banks Look To Lower Corporate Deposits
May 04, 2021  |  Banking

JPMorgan Chase and Citigroup are among a number of big banks in the U.S. making a move to unload cash, and have asked some corporate...

READ MORE >
Fed SLOOS: Banks Soften First-Quarter Lending Standards
Fed SLOOS: Banks Soften First-Quarter Lending Standards
May 04, 2021  |  Loans

Banks have softened standards for household and commercial loans in the first quarter of 2021, following a year-long trend of tightening due to the economic...

READ MORE >
Yellen Expected To Name Michael Hsu Acting Comptroller Of The Currency
Yellen Expected To Name Michael Hsu Acting Comptroller Of The Currency
May 03, 2021  |  Legal & Regulation

Treasury Secretary Janet Yellen is expected to name Michael Hsu — currently, the associate director of the Federal Reserve’s bank supervision and regulation division —...

READ MORE >
North Dakota Trade Groups File Debit Card Fee Suit Against Federal Reserve
North Dakota Trade Groups File Debit Card Fee Suit Against Federal Reserve
April 29, 2021  |  Legal & Regulation

Two retail trade groups at the state level have sued the Federal Reserve to seek a decrease in debit card swipe fees, Bloomberg reported Thursday...

READ MORE >
Deep Dive: The Strengths And Limitations Of Real-Time Payments Rail Interoperability Strategies
Deep Dive: The Strengths And Limitations Of Real-Time Payments Rail Interoperability Strategies
April 26, 2021  |  Real-Time Payments

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
Bank Independent On The Predicted Impact Of Real-Time Payment Interoperability
Bank Independent On The Predicted Impact Of Real-Time Payment Interoperability
April 23, 2021  |  Real-Time Payments

Interest in real-time payments adoption is on the rise among small community banks. In this month’s Real-Time Payments Tracker, Kelly Burdette, senior vice president of...

READ MORE >