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Federal Reserve mulls shutting down check services amid falling usage and rising fraud risks
The Fed outlined multiple paths for the future of check processing as infrastructure needs grow. ・Digital payments are rising ...
The Federal Reserve can lawfully turn away crypto banks seeking access to its payment system, a federal appeals court ruled Friday, siding with the central bank’s discretion to protect the financial ...
The agency is weighing costly infrastructure needs, fraud risks and long-term decline in check use as it solicits public ...
The US Federal Reserve is considering the introduction of a new type of payment account that would make it easier for smaller companies to participate in the central bank’s payment system, signaling ...
On October 21, a member of the Board of Governors for the Fed, Christopher Waller, spoke on integrating new technologies from the decentralized finance and cryptoasset sectors as mainstream payments.
(Reuters) -The U.S. Federal Reserve aims to get a new set of streamlined payment accounts that would allow risk-tailored access to Fed payment services operational by the fourth quarter of next year, ...
"The overall health of the banking sector is demonstrated by continued growth in lending, a decline in non-performing loans ...
The Federal Reserve is conducting technical research in such areas as tokenization, smart contracts, and artificial intelligence in payments, Fed Governor Christopher Waller said on Wednesday. In a ...
The Federal Reserve’s 12 Reserve Banks, operating around our nation, help ensure that a wide range of household, community, and business economic conditions and perspectives inform Fed policies, ...
U.S. Treasury Secretary Scott Bessent said on Tuesday the Federal Reserve's system of managing interest rates is struggling ...
(CNN) — A federal judge, citing a risk of “irreparable harm,” has temporarily restricted Elon Musk’s government efficiency team from accessing a critical Treasury Department payment system. CNN — (CNN ...
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