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

Wells Fargo Flubs Customer Refunds

Wells Fargo Flubs Customer Refunds
Wells Fargo Flubs Customer Refunds
February 12, 2018  |  Cybersecurity

Wells Fargo is having a tough time making it right for the thousands of customers it harmed, reportedly sending out communications with wrong information to...

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The Fed On Bitcoin: Much Ado About Nothing
The Fed On Bitcoin: Much Ado About Nothing
February 09, 2018  |  Bitcoin

After a spectacular closeout to 2017 – with new price records being broken nearly as soon as they could be set – the early days...

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Fed Says Payment Fraud Losses Top Of Mind For FIs
Fed Says Payment Fraud Losses Top Of Mind For FIs
February 07, 2018  |  Fraud Prevention

Payment fraud losses are top of mind for financial institutions around the country, the Federal Reserve Bank of Minneapolis reported. Get the Full Story Complete...

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Business Lending Standards Loosen In Q4 2017
Business Lending Standards Loosen In Q4 2017
February 06, 2018  |  Loans

The Federal Reserve revealed in its quarterly survey on Monday (Feb. 5) that loan officers in banks around the U.S. eased lending standards for businesses...

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Wells Shares Nosedive As Profit Forecasts Fall
Wells Shares Nosedive As Profit Forecasts Fall
February 05, 2018  |  Bank Regulation

Shares of Wells Fargo skidded Monday (Feb. 5) in the wake of news that the Federal Reserve is taking action against the bank for the...

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Wells Fargo Hobbled By The Fed, $400M In Profits At Risk
Wells Fargo Hobbled By The Fed, $400M In Profits At Risk
February 05, 2018  |  Legal & Regulation

Wells Fargo is replacing four members of its board and will be prevented from growing beyond a certain asset level under a rare action by...

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Consumer Credit Hit Record $27.95B In November
Consumer Credit Hit Record $27.95B In November
January 09, 2018  |  Consumer Finance

New data from the Federal Reserve shows that outstanding consumer credit rose by $27.95 billion in November from the previous month, the largest increase in...

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December Jobs Report Falls Short
December Jobs Report Falls Short
January 05, 2018  |  Economy

The U.S. labor market slowed a bit more than economists expected in December, with a noted slip in retail employment. Get the Full Story Complete...

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