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129 Results from /retail, "Federal Reserve Board"

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Fed finalises system for evaluating fintech access to services

The Federal Reserve Board has established a tiered system for evaluating whether to grant access to its accounts and payment services, with ramifications for chartered fintechs and crypto firms.

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Federal Reserve delays ISO 20022 cutover by two years

The Federal Reserve is to delay the implementation of the new ISO 20022 payment messaging format by two years to 2025.

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Fed begins real-time payments pilot

The Federal Reserve has started onboarding pilot participants for its new real-time payment system, FedNow, ahead of a full launch next year.

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White House lays out ground rules for digital assets

The White House has issued a sweeping executive order on the oversight of cryptocurrencies and prompted the Federal Reserve to step up the pace on exploration of the case for a central bank digital currency (CBC)

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Fed preps tiered system for evaluating fintech access to services

The Federal Reserve Board is seeking comment on a plan to introduce a tiered system for evaluating whether to grant access to its accounts and payment services.

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Fed releases toolkit to help banks combat synthetic identity fraud

US banks racked up $20 billion in losses to synthetic identity fraudsters in 2020, according to new data from the Federal Reserve.

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Boston Fed makes digital dollar code progress

Federal Reserve Bank of Boston and MIT researchers investigating the technicalities of a CBDC have designed a system capable of handling 1.7 million transactions a second, without using distributed ledger technology.

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Fed keeps cards close to chest in new digital dollar discussion paper

The Federal Reserve has published its long-anticipated discussion paper on the risks and benefits of a digital dollar and invited public comment - but has studiously avoided giving any hints on its plans.

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New York Fed opens innovation centre

The Federal Reserve Bank of New York has launched an innovation centre in a partnership with the Bank for International Settlements (BIS).

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US regulators promise crypto oversight clarity

American banking regulators have put together a roadmap that will see them offer clarity over the next year on a host of areas relating to crypto assets.

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US banks ordered to report cyber incidents within 36 hours

US regulators have approved a new rule that requires banks to report any "significant" computer security incident within 36 hours of discovering it.

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Fed's Waller: CBDC 'solution in search of a problem'

Federal Reserve governor Christopher Waller is the latest central bank bigwig to pour cold water on CBDCs, declaring himself "highly sceptical" that there is a compelling need for a digital dollar.