Central Banking Digital Currency Pilot Underway in the U.S., What Are the Dangers?
The New York Fed released a statement on November 15 indicating they are rolling out a 12-week long pilot for ...
Tag: Federal Reserve
Broken Record? Credit Card Metrics Surge Again
We recently mentioned a new record on the average credit card interest rate hitting 19.04%. Now comes another high point: ...
FedNow: Faster Payments Are Faster, Better, Cheaper
When thinking of instant direct deposits, it’s easy to think of gig workers. An example is Uber drivers who can ...
Recent Fed Interest Rate Hikes Will Raise Consumer Credit Card Rates
Last week, the Federal Reserve increased interest rates by three-quarters of a percentage point. This is an effort to fight ...
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 ...
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 ...
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