Federal Reserve
Federal Reserve
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The use of data-rich messaging through the ISO 20022 standard has been at the core of nearly every Federal Reserve discussion about faster payments, as well as Swift's plans for its member banks.
September 30 -
There is no way to know exactly what the market will look like in 2023 or 2024 when FedNow debuts. We're working on a solution that can help our customers right away, says Luanne Cundiff, president and CEO of First State Bank of St. Charles in Missouri.
September 30 -
Charles Scharf’s most immediate priorities will be mending fences with regulators and getting the bank out from under a Fed-imposed asset cap. But he also must come up with strategies for spurring revenue growth and reining in expenses.
September 27 -
The three federal banking agencies moved to raise the threshold for residential transactions that require an appraisal from $250,000 to $400,000.
September 27 -
The Fed’s top regulatory official said how agencies adjust their supervisory approach may prove just as important as their rulemaking efforts.
September 27 -
Rep. Denver Riggleman, R-Va., explains why he has introduced legislation requiring greater transparency over the Federal Reserve’s forthcoming payment system.
September 27 -
A research paper says the president’s constant criticisms are driving Fed policy, directly or indirectly; the huge demand by banks for cash may be the result of tougher regulations.
September 27 -
Members of the House Financial Services Committee cited leveraged lending, cybersecurity and the switch to a new interest rate benchmark among potential systemic risks that keep them up at night.
September 25 -
One Republican lawmaker went so far as to suggest that Congress should try to block the central bank's effort, but Democrats said FedNow will promote competition in real-time payments.
September 25 -
Rep. Patrick McHenry, the top Republican on the House Financial Services Committee, proposed having the central bank update Congress on measures to strengthen its own cybersecurity as well as that of institutions under its watch.
September 24 -
Fintechs that simply offer cosmetic upgrades to the cumbersome American banking system won't survive.
September 23 -
The revised trading rule is seen as a credit negative for the banking industry.
September 23 -
The fintech is now worth $10 billion more than its top rival, Square; cost cuts, asset growth and share buybacks could offset the headwinds from low rates.
September 20 -
Steven Zeisel, a lobbyist with the Consumer Bankers Association who died Sunday, was a strong voice for financial institutions navigating post-crisis regulations. He also had the ear of policymakers on the other side of the table.
September 19 -
A federal judge blocked state regulators from suing the agency over its new charter, but it’s still unclear whether fintechs would even apply.
September 19 -
Vikram Pandit says digital push could force “creation of 21st century regulation”; Fed will conduct $75 billion overnight repurchase agreement operation.
September 19 -
Despite concerns over how regulatory requirements affect short-term funding markets, the central bank is not considering a reduction in the liquidity coverage ratio, Jerome Powell said.
September 18 -
Fintechs that simply offer cosmetic upgrades to the cumbersome American banking system won't survive.
September 18 -
CEOs have been telling investors that if the Fed continues to cut interest rates, they will lower rates they are paying on deposits to minimize the hit to net interest margins. The danger is that if they lower rates too quickly or by too much, big depositors could go elsewhere.
September 17 -
Credit unions are upping their involvement in all things related to payments in an attempt to bolster the bottom line and ensure they keep up with the competition.
September 17





















