The “foundation is forming” for stablecoins to become a universal payment method, Chris Colson, payments expert at the Federal Reserve Bank of Atlanta, wrote in a Monday (Jan. 13) blog post. “When I first heard about stablecoins, they were a niche tool for crypto traders...
November’s stats from the Federal Reserve on consumer credit — known as the G.19 report — show a reversal from recent months, where households kept borrowing, padding balances, and using cards and other loans to finance daily life. The question is: Was the decline in...
The Federal Reserve’s top banking regulator plans to step down in late February. Michael Barr, the central bank’s vice chair for supervision, is due to leave Feb. 28, the Fed said in a news release Monday (Jan. 6). Barr’s departure announcement comes two weeks before...
E-Trade, the online stock trading arm of Morgan Stanley, is reportedly considering adding cryptocurrency trading. The move would make E-Trade one of the largest mainstream financial firms to offer crypto trading, The Information reported Thursday (Jan. 2). E-Trade is considering doing so because it expects...
January 08, 2025
November’s stats from the Federal Reserve on consumer credit — known as the G.19 report — show a reversal from recent months, where households kept borrowing, padding balances, and using cards and other loans to finance daily life. The question is: Was the decline in revolving credit (such as credit cards) and nonrevolving lines (fixed-term […]
December 26, 2024
Sweeping changes to debit card interchange fees — and the ways debit transactions are facilitated — may come in 2025. As a result, the economics of debit payments may also...
December 24, 2024
This year was marked by a steady drumbeat of regulations and rules — and requests from regulators for information and comments from financial services players — touching on everything from...
November 20, 2024
Credit is getting harder to come by, especially for auto loans, mortgages and those with low credit scores. Amid an environment where lenders are tightening, borrowers are feeling discouraged. The...
January 16, 2025
American Express said Thursday (Jan. 16) that it expects to pay $230 million to settle previously disclosed investigations by the U.S. Department of Justice and the Federal Reserve. The company entered into agreements with the Justice Department and expects a resolution with the Federal Reserve to be finalized within weeks, American Express said in a […]
January 15, 2025
The “foundation is forming” for stablecoins to become a universal payment method, Chris Colson, payments expert at the Federal Reserve Bank of Atlanta, wrote in a Monday (Jan. 13) blog...
January 06, 2025
The Federal Reserve’s top banking regulator plans to step down in late February. Michael Barr, the central bank’s vice chair for supervision, is due to leave Feb. 28, the Fed...
January 03, 2025
E-Trade, the online stock trading arm of Morgan Stanley, is reportedly considering adding cryptocurrency trading. The move would make E-Trade one of the largest mainstream financial firms to offer crypto...
