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

Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
Fed Vice Chair Michael S. Barr Calls for Stablecoin Regulation
October 27, 2023  |  Cryptocurrency

Michael S. Barr, vice chair for supervision at the Federal Reserve, addressed the increased experimentation with new payment technologies, such as stablecoins and central bank digital...

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Fed Proposes Slashing Debit Interchange Fees by 30%, to Review Caps Every Two Years 
Fed Proposes Slashing Debit Interchange Fees by 30%, to Review Caps Every Two Years 
October 25, 2023  |  Bank Regulation

The most significant overhaul of debit card interchange fees in more than a decade looms, where those fees may be cut by roughly 30%. In...

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Fed Expected to Propose Review of Debit Card Fee Cap
Fed Expected to Propose Review of Debit Card Fee Cap
October 25, 2023  |  Bank Regulation

The Federal Reserve will meet Wednesday (Oct. 25) to tackle merchant debit card fees. As a report by Reuters notes, analysts expect the central bank will propose...

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Fed Overhauls Community Reinvestment Act to Adapt to Online Banking
Fed Overhauls Community Reinvestment Act to Adapt to Online Banking
October 24, 2023  |  Bank Regulation

The Federal Reserve has reportedly finalized a revamp of the Community Reinvestment Act (CRA) rules, which were enacted in 1977 to combat discriminatory lending practices in minority...

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Middle East Conflict and Treasury Yields Slow IPO Market Recovery
Middle East Conflict and Treasury Yields Slow IPO Market Recovery
October 22, 2023  |  IPO

The initial public offering (IPO) market, which had shown signs of rebounding, is now facing challenges due to factors like the conflict in the Middle...

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Report: Private Equity Firms Reconsider Potential Acquisition of Adevinta
Report: Private Equity Firms Reconsider Potential Acquisition of Adevinta
October 22, 2023  |  Acquisitions

Private equity firms Blackstone and Permira are reportedly reconsidering their potential acquisition of Oslo-based online classifieds company Adevinta. The potential deal, which would have been one of the year’s biggest...

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Auto Loan Delinquency Rates Reach Highest Level Since 1994
Auto Loan Delinquency Rates Reach Highest Level Since 1994
October 22, 2023  |  Loans

The recent surge in delinquency rates on auto loans in the United States has raised concerns about the financial challenges faced by car owners. With...

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Mixed Manufacturing Data Underscores Need for Better AP Practices and Real-Time Payments
Mixed Manufacturing Data Underscores Need for Better AP Practices and Real-Time Payments
October 20, 2023  |  B2B Payments

Manufacturing is about as labor- and material-intensive a sector as might be seen, in any economy. The sheer volume of raw materials, machinery, plant and...

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Challenges and Changes Loom as Fed Mulls and Court Considers Debit Interchange Fees
Challenges and Changes Loom as Fed Mulls and Court Considers Debit Interchange Fees
October 19, 2023  |  Regulation

Debit interchange fees may see a revamp — a refashioning of the charges levied on merchants, the likes of which has not been seen in...

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