Federal Reserve Board

244 results about this entity

Period: 17 Feb 2006 - 04 Nov 2024

Federal Reserve to host 'fintech innovation office hours'

The Federal Reserve Board is to open its doors to banks and startups in a series of 'fintech innovation office hours' throughout 2020.

Fed Governor challenges Facebook's Libra project

The Federal Reserve's Lael Brainard has warned Facebook that it will be expected to meet a high threshold of legal and regulatory safeguards before launching its Libra cryptocurrency.

/payments

Fed joins US Faster Payments Council as founding sponsor

The Federal Reserve System today announced it has joined the U.S. Faster Payments Council (FPC) as a founding sponsor.

US regulators approve alternative data to assess creditworthiness

Federal banking regulators in the US have given their support to the use of the alternative data other than traditional credit scores in determining creditworthiness.

/payments

Industry players welcome FedNow faster payments plan

The American Bankers Association and credit union groups are among those offering their support for the Federal Reserve Board's plans to build a new round-the-clock real-time payment and settlement service.

/regulation

Fed governor warns of 'core' regulatory challenges facing Libra

Facebook's Libra project will need to address core legal and regulatory challenges before it can facilitate a single payment, US Federal Reserve governor Lael Brainard has warned.

/payments

Federal Reserve delays Fedwire ISO 20022 migration

Based on a recent industry request to revisit the ISO 20022 migration strategy, the Federal Reserve Banks today announced a pause in their previously announced plans for a three-phased migration to the ISO 20022 messaging standard for the Fedwire Funds Service.

/payments

Fed puts Montgomery in charge of new faster payments project

The Federal Reserve System today announced that First Vice President Kenneth C. Montgomery will lead the development of a new FedNowSM Service to support faster payments in the United States with interbank real-time gross settlement (RTGS) and integrated clearing.

Federal Reserve to build real-time payment and settlement system

The Federal Reserve has announced plans to build a new round-the-clock real-time payment and settlement service that will compete for business with The Clearing House's RTP network, backed by some of the nation's biggest banks.

Political pressure grows for Fed to build real time payment system

Democratic senators in the US are pushing a bill that would require the Federal Reserve to develop a real-time payment system as an alternative to the bank-backed Clearing House network.

/regulation

Sifma calls for changes in Fed proposal that could limit bank investment in emerging companies

The Securities Industry and Financial Markets Association (SIFMA) and the Financial Services Forum today submitted joint comments on a proposal modifying the rules for determining control of a banking organization, issued by the Board of Governors of the Federal Reserve System (FRB) with the stated goal of simplifying and increasing transparency.

/security

Fed paper examines synthetic identity payments fraud

Synthetic identity payments fraud is a fast-growing but little-understood problem that affects individuals, financial institutions, government agencies, and private industry.