Small Banks Still Struggling with Credit Card Delinquencies
Despite an improving economy, credit card delinquency rates have remained persistently high over the past couple of years. Following the ...
Tag: Federal Reserve
Discover the latest news and analysis on Federal Reserve policies and their impact on the financial industry. PaymentsJournal provides expert insights to keep you informed on regulatory developments.
Which Alternative Payment Methods Are Consumers Gravitating Towards?
Consumers today have more payment options than ever, ranging from traditional methods like checks and cash to prepaid cards and ...
The Fed Fights Back Against APP Fraud
Authorized Push Payment (APP) fraud has been notoriously difficult to fight against because it involves consumers voluntarily transferring assets to ...
Rising Credit Lines Pose Risk as U.S. Credit Card Debt Hits $1.14 Trillion
The Federal Reserve Bank of New York released its Q2 2024 consumer debt report, revealing a $111 billion increase in ...
Why FedNow Still Trails Its Rivals in Key Areas
A year into the FedNow era, the Federal Reserve’s instant payments service has been successful by many measures. With more ...
One Year On, FedNow Is Still Waiting for Its Critical Moment
July 20, 1969, marked the day when human beings first set foot on the moon, forever changing how we viewed ...
Big Banks Continue to Increase Credit Loss Provisions
With the release of its Q2 earnings, Bank of America announced that its provision for credit losses and charge-offs grew ...
The Federal Reserve Aims to Regulate “Shadow Banks”
The Federal Reserve proposed rules to gain clarity on how traditional banks are exposed to non-bank financial institutions. Institutions like ...
As Target Denies Paper Checks, They Endure Elsewhere
Target has become the latest retailer to stop accepting paper checks as payment, joining other major merchants such as Whole ...
Supreme Court Opens the Door for Swipe Fee Revisions
The Supreme Court has ruled that a convenience store has the right to challenge a 2011 Federal Reserve ruling setting ...
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