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

First the Launch, Then the Execution: FedNow Turns One
First the Launch, Then the Execution: FedNow Turns One
July 23, 2024  |  Real-Time Payments

It’s easy to generate buzz — harder to generate results. As PYMNTS continues to interview key executives about the first year of the FedNow® Service,...

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Regulators’ Actions vs Green Dot and Other Banks Highlight Scrutiny Over AML Practices
Regulators’ Actions vs Green Dot and Other Banks Highlight Scrutiny Over AML Practices
July 22, 2024  |  AML

Enforcement actions and fines from regulators — the Federal Reserve, the Office of the Comptroller of the Currency and others — highlight the growing scrutiny...

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Federal Reserve Fines Green Dot $44 Million, Alleging Unfair Practices
Federal Reserve Fines Green Dot $44 Million, Alleging Unfair Practices
July 19, 2024  |  Legal

The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management...

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Will Supreme Court Rulings Keep Federal Regulators in Court?
Will Supreme Court Rulings Keep Federal Regulators in Court?
July 17, 2024  |  Legal

When the U.S. Supreme Court overturned its own 40-year-old ruling in the LoperBright Enterprises v. Raimondo case on June 28 — in what has come...

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Trending: Banking Execs Warn House Financial Services Hearing of Regulatory ‘Ambiguity’
Trending: Banking Execs Warn House Financial Services Hearing of Regulatory ‘Ambiguity’
July 12, 2024  |  Bank Regulation

Prudent regulation is needed in helping to define the risks and rewards in emerging partnerships between financial institutions and banks — but current regulatory efforts...

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Report: Interpol Scam Crackdown Puts Focus on Online Payments Security
Report: Interpol Scam Crackdown Puts Focus on Online Payments Security
July 09, 2024  |  Security & Fraud

Interpol — short for the International Criminal Police Organization — may be familiar to readers as a staple of spy and action movies … where...

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Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
July 08, 2024  |  Consumer Finance

Consumers were not shy about loading up on the cards in May. The latest data from the Federal Reserve, released Monday (July 8), show that...

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Could Mixed Inflation Expectations Predict A Spending Slowdown?
Could Mixed Inflation Expectations Predict A Spending Slowdown?
July 08, 2024  |  Economy

A bumpy but generally downward path for inflation — and the prices paid for all manner of goods — may pressure consumers to pull back...

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Everything You Probably Didn’t Know About Bank Holidays
Everything You Probably Didn’t Know About Bank Holidays
July 04, 2024  |  Banking

July 4th is one of the 11 bank holidays observed in the United States. And yet: Though the branches may be closed, the digital channels...

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