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

SMB Underwriting Slowed As Demand Fell Off At The End Of 2017

SMB Underwriting Slowed As Demand Fell Off At The End Of 2017
SMB Underwriting Slowed As Demand Fell Off At The End Of 2017
May 30, 2018  |  SMBs

Small businesses (SMBs) seeking loans decreased at the end of 2017, and companies felt the sting of financial challenges more acutely. Financing of all sorts was...

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SEC Stops Fraudulent ICO That Raised $21M
SEC Stops Fraudulent ICO That Raised $21M
May 30, 2018  |  Cybersecurity

The Securities and Exchange Commission (SEC) announced on Tuesday (May 29) that it has obtained a court order to stop a fraudulent initial coin offering...

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May Sees Slight Dip In Confidence In US Economy
May Sees Slight Dip In Confidence In US Economy
May 25, 2018  |  Economy

When it comes to the U.S. economy, households are feeling a little less confident than has been seen previously. The University of Michigan’s readings posted...

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SMBs Find Access To Finance Is No Longer Their Only Trade Worry
SMBs Find Access To Finance Is No Longer Their Only Trade Worry
May 24, 2018  |  B2B Payments

A new survey released this week by the U.S. Federal Reserve finds small businesses are enjoying boosted confidence (and revenues). But how are SMBs faring...

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OCC Puts Small-Dollar Loans Back In The Spotlight
OCC Puts Small-Dollar Loans Back In The Spotlight
May 24, 2018  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The...

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Millennials May Never Financially Recover From The Great Recession
Millennials May Never Financially Recover From The Great Recession
May 23, 2018  |  Debt

For all the press about how millennials are the future of commerce, there is one big and rather problematic roadblock in that narrative. Get the...

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JPMorgan Gives Crypto A Chance, Blockchain Startup Poaches Visa Exec
JPMorgan Gives Crypto A Chance, Blockchain Startup Poaches Visa Exec
May 23, 2018  |  B2B Payments

Federal Reserve Governor Lael Brainard offered her input on the cryptocurrency debate this week, declaring “no compelling demonstrated need” for a central bank-created digital currency....

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Fiserv: Checks Aren’t Dead Yet — Here’s How Banks Are Responding
Fiserv: Checks Aren’t Dead Yet — Here’s How Banks Are Responding
May 23, 2018  |  Payment Methods

Don’t buy too much into rumors of their demise. At this rate, checks will thrive well into the 2030s. Get the Full Story Complete the...

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