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 ...
Tag: The Federal Reserve
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 ...
Lawsuit over Debit Interchange Is Dismissed
Last April, the North Dakota Retail Association and the North Dakota Petroleum Marketers Association sued the Federal Reserve Board in ...
White House Issues Executive Order on Crypto and CBDCs
This brief posting in Finextra points out the 15-page executive order issued by the White House yesterday around the topic ...
Volante Technologies Launches First Unified Service for FedNow℠ and TCH RTP®
NEW YORK, March 2, 2022 /PRNewswire/ -- Volante Technologies, the global leader in cloud payments and financial messaging, today announced that it is ...
The Fed’s CBDC Report Is Disappointingly Inconclusive
This release in Quartz is another take on the Fed’s discussion document on CBDCs that was issued last week and ...
Fed and BPC Announce Two Industry Efforts to Modernize B2B Payments
This announcement in Yahoo! Finance provides an overview of a collaboration between the Federal Reserve System and the Business Payments ...
Fed Invites Comments on Shift to ISO 20022
In this release at Finextra we see that the Fed is now finally moving on its previously announced intention to ...
The Federal Reserve vs. Stablecoins
Stablecoins have emerged as Bitcoin’s boring cousin, offering what traditional cryptocurrency cannot: price stability. The head of the Federal Reserve, ...
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