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Federal Reserve

·Feb. 24, 2020

Former CFTC Chairman Says Fed Should Introduce a Digital Currency

Christopher Giancarlo, the former chairman at the Commodity Futures Trading Commission, said at a recent forum that the Federal Reserve...

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Finance News Roundup USA

·Dec. 15, 2016

Federal Reserve Raises Interest Rate

The Federal Open Market Committee raised its target for the federal funds rate to 0.50% to 0.75% at its December meeting; Fed officials also signaled a more aggressive approach for rate increases in 2017 with projections showing the potential for three more rate increases next year; improvements in the labor market, positive GDP growth and stable inflation were key market factors for the rate increase. Source

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Fintech News Roundup USA

·Apr. 17, 2019

Small Business Owners Continue to Turn to Online Lenders

American Banker reports on a recent study from the Federal Reserve that found small business owners are turning to online...

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Fintech News Roundup USA

·May. 24, 2018

Federal Reserve Keeping Close Eye on Amazon and Other Tech Companies

According to Bloomberg, Fed Vice Chairman Randal Quarles is concerned about tech companies providing financial services; while no moves have...

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Fintech Regulation USA

·Jun. 16, 2020

Fed Opens Main Street Lending Program

The Federal Reserve has finally opened up the Main Street Lending Program for registration; this is the program targeted towards...

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News Roundup Online Lending USA

·Feb. 2, 2017

Fed Leaves Rate Unchanged

The Federal Open Market Committee (FOMC) announced on Wednesday that it would leave its federal funds rate unchanged; the Fed increased the rate to 0.50% to 0.75% at its last meeting in December and predictions have called for more aggressive increases in 2017 however it seems they may be later in the year; Janet Yellen speaks before Congress in February and the market is currently reporting an 18% probability of an increase in March at the FOMC's next meeting. Source

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Fintech News Roundup USA

·Aug. 4, 2017

Follow Up Friday: The Federal Reserve’s Payments Initiative

The Federal Reserve released a report on its initiative to provide real time payments by 2020; the report was created by a task force of over 300 industry contributors; the report, titled, "The U.S. Path to Faster Payments: A Call to Action" outlines payment processing proposals, the task force's vision and goals for the initiative; details on the payments initiative can also be found at FasterPaymentsTaskForce.org. Source

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Fintech News Roundup USA

·Feb. 21, 2018

Faster Payments Can Come with Faster Fraud

According to new data from the Federal Reserve mobile payments have seen a big growth among consumers but fraud has also risen; the shorter clearing period looks to have opened banks on the Zelle network to more potential for fraudulent transactions; Zelle has been using multi-layer and multi-factor authentication during the enrollment process; as banks look to innovate to suit their customer needs they are also looking at newer ways to protect themselves against threats that are evolving just as quick. Source.

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Fintech News Roundup USA

·Apr. 9, 2020

The Fed is the Key Player for Success in Stimulus Funding to SMBs

The Paycheck Protection Program has seen its fair share of problems since launching and many of these issues could have...

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Alloy provides compliance regulations roadmap for financial institutions, fintech partners

For its 2023 State of Compliance Benchmark Report, Alloy surveyed more than 200 professionals working in compliance-related roles at fintechs to learn more about their organizations' compliance strategies.

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