Recent Bill Proposes the Federal Reserve Launch a Retail Bank
Approximately 94% of the U.S. population has a tradition bank account and many additional consumers are served by a fintech ...
Tag: Federal Reserve
Fed Charmain Powell, Have You Got Four Quarters for a Dollar?
Chalk this one up as another consequence of the pandemic. The United States is apparently facing a shortage of coinage. ...
Loan Innovators Hope for Traditional Lender Solutions: Not a Bank But Want Similar Protection
The American Banker carries an opinion column today from marketplace lenders, hoping to receive the same consideration as bank cards ...
Federal Reserve Announces FedNowSM Community
The Federal Reserve Banks today announced the formation of a FedNow Community group for their upcoming instant payment offering, the ...
Banking Issues and COVID-19: This, Too, Will Pass
There will be impacts to bank balance sheets, but Global Finance has an optimistic perspective. With central banks around the ...
Positioning Credit Cards for an Upcoming Mess: Apple Invokes the Golden Rule, Top Banks Follow
Today’s NYTimes provides a view on how credit card companies are positioning their businesses for unforeseen issues durng the Coronavirus ...
Tracking the Vulnerability of Checks
Check use is in decline, particularly with consumer payments. We know this, as it has been well documented. An article ...
Millennials: More than Just Credit Cards to Worry About
Today’s NYT talks about how “Millennials Could Make the Fed’s Job Harder.” A young generation of aggressive savers could leave ...
Taking a “Measure Twice, Cut Once” Approach to Real Time Payments
Soon after the Federal Reserve announced it would launch a real time payments network and committed to a target date ...
The Fed Caves, Starts to Explore a Central Bank Digital Currency
While I wouldn’t hold my breath, the Fed is finally getting serious about a digital currency of its own—all it ...
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