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

Stablecoin Debate Divides Along Party Lines During House Hearing
Stablecoin Debate Divides Along Party Lines During House Hearing
April 19, 2023  |  Cryptocurrency

The political parties are reportedly divided over potential congressional action on stablecoin regulations. During a Wednesday (April 19) hearing in the House, Republicans favored reviving...

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Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits
Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits
April 18, 2023  |  CBDC

It’s unlikely that the benefits of a central bank digital currency (CBDC) would be greater than the potential risks. So said Federal Reserve Governor Michelle...

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ACI Worldwide Promotes Fraud Protection Ahead of FedNow Launch
ACI Worldwide Promotes Fraud Protection Ahead of FedNow Launch
April 18, 2023  |  Fraud Prevention

Payments company ACI Worldwide has added its fraud protection service to its Real-Time Payments Cloud. The integration, announced Tuesday (April 18), is aimed at U.S....

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Stablecoin Bill Enters Congress as US Lawmakers Eye Currency’s Future
Stablecoin Bill Enters Congress as US Lawmakers Eye Currency’s Future
April 17, 2023  |  Regulation

The U.S. Congress is looking to bring stablecoins deeper into the regulatory fold. And potentially the broader global financial system. A new 73-page draft bill,...

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Yellen Warns Banks Could Pull Back on Lending
Yellen Warns Banks Could Pull Back on Lending
April 16, 2023  |  Banking

America’s treasury secretary is warning of a tougher lending environment following two recent bank failures. In a Sunday (April 16) CNN interview, Janet Yellen said...

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Smaller Banks Join Growing Roster of FIs Readying for FedNow’s Launch
Smaller Banks Join Growing Roster of FIs Readying for FedNow’s Launch
April 12, 2023  |  Banking

The list of financial institutions — smaller banks among them — readying for real-time payments grows longer. Salem Five, a mutual bank with roots tracing...

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Consumers May Pull In Spending as Outlook for Credit Access Dims
Consumers May Pull In Spending as Outlook for Credit Access Dims
April 10, 2023  |  Consumer Finance

Credit is harder to come by. And that means a lifeline for consumers — and the businesses reliant upon them — is not as dependable...

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Fed Says FedNow Early Adopters Pave Path to Instant Payments
Fed Says FedNow Early Adopters Pave Path to Instant Payments
April 10, 2023  |  Payment Methods

Three months until the U.S. payments ecosystem changes forever. In July, the long-awaited FedNow service launches, and its real-time rail will speed up money movement...

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Report: Climbing CPI Could Force More Fed Rate Hikes
Report: Climbing CPI Could Force More Fed Rate Hikes
April 09, 2023  |  Economy

Durable U.S. inflation last month could test the Federal Reserve. As Bloomberg News reported Saturday (April 8), upcoming government data is expected to show a 0.4% increase...

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