The Federal Reserve has always kept a focus on the integrity, efficiency and accessibility of the payments system in the United States. We have largely pursued this mission in the context of our function as an operator in the interbank market.
Digital wallets get a hard look in this Focus Report from Credit Union Times.
The credit union tax exemption continues to evoke bank-CU clashes–even at one of those information-gathering Federal Reserve meetings aimed at demonstrating grassroots harmony.
Gary Soukenik, president/CEO of Seven Seventeen Credit Union, added his voice Monday to the chorus of credit union CEOs eager to become enthusiastic advocates for the industry on the newly formed Community Depository Institutions Advisory Council of the Federal Reserve.
Diane Casey-Landry, American Bankers Association executive vice president and chief operating officer, announced today that she will leave the group at the end of March.
At the end of February, all paper checks will be processed by the Federal Reserve Bank of Cleveland and there will be no such thing as a non-local check, as a result of rules changes approved last week by the Fed's Board of Governors.