Search for: "Federal Reserve Bank of New York"
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9 Apr 2024, 1:23 am
Yes, your flight from New York to Phuket will be a big-ticket item, but you’ll need to make your way around the city as well. [read post]
4 Apr 2024, 2:16 am
The project, named Project Agorá, will bring together seven central banks: Bank of France (representing the Eurosystem), Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England and the Federal Reserve Bank of New York. [read post]
2 Apr 2024, 9:05 pm
Under Federal Reserve System regulations and the Dodd-Frank Act, large banks must regularly conduct stress tests and report the results of such tests. [read post]
29 Mar 2024, 6:00 am
Blaine Luetkemeyer (R-MO) has introduced the Secure Payments Act (H.R. 7531), which aims to stop finalization of the Federal Reserve’s proposed debit interchange proposal, which credit unions oppose. [read post]
22 Mar 2024, 9:18 am
By the end of September 2023, the Federal Reserve Bank of New York reported that Americans were carrying $12.14 trillion in mortgage balances. [read post]
1 Mar 2024, 1:20 pm
The Federal Reserve Bank of New York attributes this to increases in mortgages, auto loans, credit cards and student loan balances. [read post]
1 Mar 2024, 6:00 am
Legal and Regulatory Developments SPOTLIGHT: GOP Senators Propose Ban on Central Bank Digital CurrenciesThe Hill – February 26, 2024 Republican senators introduced legislation Monday that would ban official cryptocurrencies backed by central banks, a type of proposed digital asset that the Biden administration and Federal Reserve have expressed interest in studying. [read post]
23 Feb 2024, 6:00 am
BNPL Popularity Rises Among ‘Financially Fragile’ ConsumersPayments Dive – February 15, 2024 “Financially fragile” buy now, pay later users are turning to the installment payment method more frequently than financially stable consumers, according to new research from the Federal Reserve Bank of New York. [read post]
23 Feb 2024, 5:57 am
That appeal is currently pending before New York’s Appellate Division, First Department. [read post]
22 Feb 2024, 4:54 am
The New York Federal Reserve Bank emphasizes that nearly two-thirds of consumers have encountered a BNPL option, and approximately one in five of all respondents have used the service. [read post]
19 Feb 2024, 9:01 pm
For example, while noting the benefits and efficiencies of well-managed AI tools, both the Federal Reserve[7] and the Consumer Financial Protection Bureau[8]have recently warned banks and lenders about potential bias in AI that could lead to violations of fair lending, fair housing and equal opportunity laws. [read post]
12 Feb 2024, 6:07 am
It is like blaming the State of Texas for the migrant crisis when the federal government refuses to the close the border or Congress fails to solve the problem. [read post]
9 Feb 2024, 6:00 am
But with the launch last July of the Federal Reserve’s FedNow network, which followed the 2017 debut of The Clearinghouse Payment Co. [read post]
6 Feb 2024, 5:00 am
Farnaz Fassihi reports for the New York Times. [read post]
2 Feb 2024, 1:10 pm
Additionally, a recent report from the Federal Reserve Bank of New York stated that individuals surveyed expected prices to increase by 3%, an estimate down from a high of 6.8% in June 2022. [read post]
26 Jan 2024, 6:00 am
Other states include Minnesota, Kansas, Massachusetts and New York. [read post]
23 Jan 2024, 8:59 am
The Federal Reserve’s enforcement action focused on the use and disclosure of confidential supervisory information by ICBC and its New York branch. [read post]
19 Jan 2024, 6:00 am
New York follows New Jersey in passing a surcharge law. [read post]
12 Jan 2024, 6:00 am
Real-time payments are bound to play an oversized role in payments and banking industry conversations this year following the launch of the Federal Reserve’s new instant payments system FedNow last year. . . . [read post]
8 Jan 2024, 2:02 am
The BBC, Al Jazeera, Guardian, The Economist, ABC News, New York Times, and Financial Times reported on the case. [read post]
