The Fed is looking to speed up payments
The Federal Reserve promises that FedNow — a new service for banks and credit unions — will help make real-time payments a reality for...
News by FinTech Collective
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The Fed’s digital dollar could bring millions into the digital economy
More than half of transactions in the US involved cash in 2010. The number had dropped to 28% in 2020, even before Covid, which led...
Fed’s Lael Brainard pushes digital dollar as central bank currency race heats up
Federal Reserve Governor Lael Brainard said a cryptocurrency backed by the central bank could provide a variety of benefits. Getting...
The Fed hinted it could reconsider easy policies if economy continues rapid improvement
Fed officials at their April meeting said “it might be appropriate at some point” to consider tapering asset purchases if the economy...
Fed considers proposal to allow fintech companies access to payment system
In the past few years, new financial products and delivery mechanisms have been introduced that work with traditional banking services....
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