Tag: Federal Reserve

Deposit processing appears to be back to normal after a “manual error” caused delays at many U.S. banks on Friday. ...

Nearly two-thirds of U.S. consumers are in credit card debt, average roughly $5,875 in prepayments, according to new data from ...

Today’s read comes from the Wall Street Journal, which wonders, “What’s Behind $1 Trillion in Credit Card Balances.”  The article's ...

The adoption of ISO 20022 is well underway, especially within central banks and larger institutions. This International Organization for Standardization ...

An opinion column in today’s WSJ highlights some of the logical flaws in the so-called Credit Card Competition Act of ...

Consumers in the U.S. continue to struggle with payments, as interest rates and inflation plunge households further into debt. According ...

Just four days after the launch of the Goldman-Sachs-backed Apple Savings account, users collectively deposited nearly $1 billion, according to ...

The Federal Reserve published its Non-Cash Payment study, a tri-annual report on cash displacement.  Here are seven things you should ...

The New York Fed released a statement on November 15 indicating they are rolling out a 12-week long pilot for ...

We recently mentioned a new record on the average credit card interest rate hitting 19.04%. Now comes another high point: ...