Tag: Federal Reserve
Federal Reserve Chair reveals US CBDC not happening anytime soon
The Chairman of the Federal Reserve Jerome Powell recently told Congress that the US is not remotely close to establishing its own Central Bank...
Metropolitan Bank issued $14.5mn penalty by the Fed over customer ID...
Metropolitan Commercial Bank has been fined $14.5mn by the US Federal Reserve Board (FRB) over falling short in its process when it comes to...
Trustly VP of Banking Partnerships – Eric Foust: Why FedNow is...
The launch of the FedNow payment rail in the US could prove to be one of the most significant payment shifts for the country...
Credit Suisse’s failings lead to UBS forking out $388m penalty
UBS, now the parent company of Credit Suisse, has been ordered to pay out $388m to UK and US regulators over the latter’s dealings...
US launches FedNow to transform instant payments in the country
In what could prove to be a landmark moment for the US payments ecosystem, the Federal Reserve has finally launched the FedNow payments rail.
The...
Federal Reserve Board fines Deutsche Bank with $186m over AML failures
The Federal Reserve Board has issued a $186m (£145m) fine to Deutsche Bank AG and its New York branch over failures to comply with...
Shazam secures FedNowSM instant payment contract
Financial services provider Shazam has secured a contract with the Federal Reserve to work on the US central banks’ instant payments offering FedNowSM.
Shazam will...
