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 Prioritizes FedNow, Delays Fedwire Funds Service Changes

Fed Prioritizes FedNow, Delays Fedwire Funds Service Changes
Fed Prioritizes FedNow, Delays Fedwire Funds Service Changes
June 29, 2022  |  Payment Methods

The Federal Reserve Board announced on Monday (June 27), the final timeline and other implementation details for the adoption of a new Fedwire Funds Service...

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Today in TechREG: EBA Recommends Standard API for Open Banking
Today in TechREG: EBA Recommends Standard API for Open Banking
June 28, 2022  |  Technology

Today in TechREG, the European Banking Authority (EBA) recommended the adoption of a standard API across Europe to boost the adoption of open banking. Get...

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Today in FinTech: Patent Pending; Crypto Counsel; US CBDC Perks; Crypto Lending Stakes
Today in FinTech: Patent Pending; Crypto Counsel; US CBDC Perks; Crypto Lending Stakes
June 17, 2022  |  Technology

In today’s FinTech news, a British firm filed a patent to protect its digital wallet technology, and a community bank steals a compliance chief from...

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Fed Chair: CBDC Could Preserve Dollar’s Standing
Fed Chair: CBDC Could Preserve Dollar’s Standing
June 17, 2022  |  CBDC

A central bank digital currency (CBDC) would help boost the long-term strength of the U.S. dollar, the chair of the Federal Reserve said Friday (June...

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Reserve Trust Raises Questions About Fed’s Guidelines on Master Account Access
Reserve Trust Raises Questions About Fed’s Guidelines on Master Account Access
June 14, 2022  |  Bank Regulation

The Federal Reserve Board published in March an updated proposal for its guidelines to evaluate requests for accounts and services at Federal Reserve Banks. The...

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TechREG Weekly US: Lawmakers Propose Crypto Legislation; DOJ Urges More Int’l Cooperation
TechREG Weekly US: Lawmakers Propose Crypto Legislation; DOJ Urges More Int’l Cooperation
June 10, 2022  |  Legal & Regulation

This week in TechREG U.S., cryptocurrency regulation has dominated the space. Lawmakers have discussed the role of cryptos in ransomware attacks and how to tackle...

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GOP Lawmaker Says Fed Revoked Master Account for FinTech Reserve Trust
GOP Lawmaker Says Fed Revoked Master Account for FinTech Reserve Trust
June 09, 2022  |  Legal & Regulation

U.S. Sen. Pat Toomey wants answers on why the Federal Reserve Bank of Kansas City, he says, revoked a master account for the FinTech Reserve...

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Senate Panel OKs Michael Barr as Fed’s Head of Bank Regulation
Senate Panel OKs Michael Barr as Fed’s Head of Bank Regulation
June 08, 2022  |  Legal & Regulation

President Joe Biden’s nominee for Federal Reserve vice chair of banking supervision, Michael Barr, has moved closer to winning the nomination after a lengthy process,...

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