federal reserve

Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

Source: federalreserve.gov

Fed, PYMNTS Reports Highlight How Financially Strained Consumers Use BNPL

Fed, PYMNTS Reports Highlight How Financially Strained Consumers Use BNPL
Fed, PYMNTS Reports Highlight How Financially Strained Consumers Use BNPL
May 30, 2025  |  Buy Now Pay Later

Earlier this year, PYMNTS Intelligence detailed the ways in which pay later plans — and buy now, pay later (BNPL) offerings in particular — have...

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Jamie Dimon: Government Spending Will Cause ‘Crisis’ in Bond Market
Jamie Dimon: Government Spending Will Cause ‘Crisis’ in Bond Market
May 30, 2025  |  Economy

JPMorgan Chase CEO Jamie Dimon reportedly said Friday (May 30) that after excessive spending by the U.S. government and quantitative easing by the Federal Reserve, a crack...

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Fewer Americans Report Price Hikes Made Financial Situation Worse
Fewer Americans Report Price Hikes Made Financial Situation Worse
May 28, 2025  |  Economy

While inflation and prices remain Americans’ top financial concerns, a smaller percentage of U.S. adults said changes in prices made their finances worse in 2024,...

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Drumbeat Gets Louder for Nonbank Regulations
Drumbeat Gets Louder for Nonbank Regulations
May 27, 2025  |  Regulation

Nonbanks have risen in stature and as key players in the global financial system, especially in the wake of the Great Recession earlier in the...

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House Committee Bills Look to Reshape Banking Regulations and FinTech IPOs
House Committee Bills Look to Reshape Banking Regulations and FinTech IPOs
May 27, 2025  |  Bank Regulation

Ahead of the long weekend, and amid the swirl of headlines that have seemingly centered on “all tariffs all the time,” it may have been...

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Banks Navigate Digital Asset Boom, Regulatory Shift Amid Economic Headwinds
Banks Navigate Digital Asset Boom, Regulatory Shift Amid Economic Headwinds
May 26, 2025  |  Banking

We’re not quite at the halfway point of the year — that will come June 30 — but the long weekend offers time to pause...

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Former Fed Economist Accused of Spying for China
Former Fed Economist Accused of Spying for China
May 25, 2025  |  Legal

A former Federal Reserve economist is accused of passing government information to China. Get the Full Story Complete the form to unlock this article and...

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Dillard’s Sues Wells Fargo, Alleging Breach of Co-Branded Credit Card Relationship
Dillard’s Sues Wells Fargo, Alleging Breach of Co-Branded Credit Card Relationship
May 22, 2025  |  Credit Cards

Department store chain Dillard’s sued Wells Fargo on Thursday (May 22), alleging that the bank breached a co-branded credit card relationship that has since ended....

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eCommerce Growth Tops Overall Retail Sales Even as Consumers Prioritize Everyday Spend
eCommerce Growth Tops Overall Retail Sales Even as Consumers Prioritize Everyday Spend
May 21, 2025  |  Economy

Consumers are tightening their grips on their wallets — digital ones and the ones kept in pockets and purses — and yet eCommerce sales still...

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