Fed’s Proposed Debit Fee Changes Garners Mixed Reactions
Last week, the Federal Reserve Board voted in favor of a proposal to lower the maximum interchange fee that covered ...
Tag: The Federal Reserve
Chase UK Rejects Use of Crypto Payments
Beginning Oct. 16, Chase customers in the UK will be prohibited from making cryptocurrency payments via their debit card or ...
RTP Announces Broader Request for Payment Availability
After recently surpassing the 500 million instant payment milestone at the end of July, The Clearing House’s RTP network announced ...
FedNow’s Live: How It Can Revolutionize Instant Payments in the U.S.
Today, the Federal Reserve announced the highly anticipated launch of the FedNow Service—the U.S.’s new instant payment system. FedNow enables ...
NY Fed’s Pilot Signals Benefits to a Digital Dollar
A division of the Federal Reserve Bank of New York has concluded a monthslong test on the viability of a ...
Not Feeling So Good About Lending: Liquidity Makes Credit Card Loan Officers Start to Twitch
Rate increases did not impact credit card consumers severely in the first couple of rounds, as the prime rate increased ...
The Federal Reserve Bank of New York and MAS Team Up on Wholesale CBDCs
Many readers may have heard about Project Hamilton since we previously covered that initiative. For those not familiar, it’s the ...
Setting Records in Credit Cards: Interest Rates Hit a New High
Some records are meant to be broken, and the world cheers. Think about Jesse Owens and the 1935 Berlin Olympics ...
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 ...
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 ...
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