Source: federalreserve.gov
The Federal Reserve’s FedNowsm Service, a new instant payments infrastructure for the nation’s financial institutions (FIs), is expected to catalyze broad access to instant payments...
So far into 2023, there’s been cautious optimism from payment networks on card spending. Earnings results from Mastercard, Visa, American Express and others show that...
The rise of digital banking — and specifically, consumer lending — looks set for renewed focus from regulators. As reported last week, the Federal Reserve...
The Federal Reserve is reportedly investigating Goldman Sachs’ consumer business, Marcus. The Wall Street Journal (WSJ) reported Friday (Jan. 20) that the regulator is looking...
Credit card interest rates are expected to average 20.5% by the end of the year. That would be up from the 19.6% recorded during the...
Three U.S. agencies said that banks must be wary of the risks of crypto-assets. In a joint statement released Tuesday (Jan. 3), the organizations —...
Warnings on stablecoins from a trio of regulators may cause banks to seek digital alternatives instead. And digital dollars (aka CBDCs) and tokenized deposits issued...
One surprising digital dollar asset had a great 2022, and it wasn’t cryptocurrency. While the past year saw the value of the crypto market shrink...
Policymakers are tapping PPP loan lessons for future-fit insights into keeping Main Street businesses healthy. Researchers say that analyzing the legacy and impact of the...