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

Synapse Trustee Fights to Retain Crucial Data
Synapse Trustee Fights to Retain Crucial Data
July 03, 2024  |  Legal

The Synapse bankruptcy case had another court hearing on Wednesday (July 3), this one with consumers testifying to their financial losses and another status report...

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Federal Reserve Investigating AI’s Potential Impact on Jobs, Economy
Federal Reserve Investigating AI’s Potential Impact on Jobs, Economy
July 02, 2024  |  artificial intelligence

The Federal Reserve is investigating possible effects generative artificial intelligence (AI) may have on productivity, inflation and the labor market, Fed Chair Jerome Powell said...

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New Fed Data Indicates Wages Won’t Offset Inflation Anytime Soon
New Fed Data Indicates Wages Won’t Offset Inflation Anytime Soon
July 02, 2024  |  Economy

Since the start of the pandemic, PYMNTS Intelligence has tracked the real impact of inflation, as real wages, adjusted for price increases, have failed to...

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Atlanta Fed Names Cheryl Venable as First VP and COO
Atlanta Fed Names Cheryl Venable as First VP and COO
July 01, 2024  |  Personnel

The Federal Reserve Bank of Atlanta has a new first vice president and chief operating officer. Cheryl Venable, who has been with the bank since...

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Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
July 01, 2024  |  Legal

The Supreme Court handed a victory to retailers battling debit card “swipe fees.” The high court’s 6-3 ruling Monday (July 1) sided with the plaintiffs...

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PCE Index Shows Cautious Consumers; Low Inflation Gives Hope for Rate Cut
PCE Index Shows Cautious Consumers; Low Inflation Gives Hope for Rate Cut
June 28, 2024  |  Economy

The consumer showed up with caution in May, but a low inflation rate added some fuel to the arguments for an interest rate cut. Those...

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Evolve Confirms Ransomware Hack as Challenges Grow at FinTech Partner Bank
Evolve Confirms Ransomware Hack as Challenges Grow at FinTech Partner Bank
June 27, 2024  |  Cybersecurity

It’s been a bad month for Evolve Bank & Trust, and it’s only getting worse. Following a “cease and desist” order issued to the bank...

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Consumers Are Tired of Merchant Surcharges and Tipflation
Consumers Are Tired of Merchant Surcharges and Tipflation
June 26, 2024  |  Economy

Merchant steering, which is a practice where retailers offer discounts to consumers if they use certain payment methods, could be getting eclipsed by surcharges and...

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FinTech Banking Partner Evolve Bancorp Hit by Major Ransomware Attack
FinTech Banking Partner Evolve Bancorp Hit by Major Ransomware Attack
June 26, 2024  |  Cybersecurity

In many ways, it has been the summer of cyberattacks and data breaches. And with the news Tuesday (June 25) that Russian-linked ransomware gang Lockbit is...

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