Recession and Credit Cards: Possibly? Did You Mean Probably?
The New York Times recapped Jerry Powell’s testimony to the Senate Banking Committee on June 22, and while there is ...
Tag: Federal Reserve
As Inflation Spikes, We Need to Help Small Businesses Survive
The worsening state of inflation is the top concern of many small businesses across the United States. With no signs ...
Soaring Interest Rates: Credit Card Issuers Shift to Stabilize Mode
There is no way to fight it, but interest rates are rising quickly. It is a countermeasure against inflation, which ...
On the Road to Open Banking
The Federal Reserve Bank of Atlanta published a blog regarding open banking in the U.S. titled, American Consumers May Soon ...
CC Delinquency: Subprime Performance the “Canary in the Coalmine”
Credit card delinquencies have never been better than they were in 2021. According to the Federal Reserve, delinquent accounts for ...
75 BPs and Counting: Credit Card Rates Start to Climb
Yesterday the Fed Funds rate climbed 0.50%, on top of March 17th’s 0.25% increase, which now brings the prime to ...
Treasury Secretary Yellen Says E-Dollar Still Years Away
And yet another official weighing in on the e-dollar discussion, this time the Secretary of the Treasury, who has heretofore ...
Dems and GOP Each Offer New CBDC Legislation
This headline announces a couple new pieces of proposed legislation, one a follow-up to a January 2022 offering and another ...
Retail: Glass Half Empty or Half Full?
Coming to the end of the first quarter of 2022, merchants are either cautiously optimistic or guardedly pessimistic, depending on ...
Keeping Pace with the Latest in CBDCs
There had been at least a two week hiatus from any CBDC payments discussions, so this posting at the WSJ ...
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