Last week the New York Federal Reserve President, William Dudley, gave a briefing on household debt with a particular focus...
The day after The Fed announced yet another (albeit smaller) rate hike, Arc launches a high yield account so startups can gain on idle cash.
Leading bankers claim that consumers are gravitating towards big, stable institutions during the financial crisis, reversing a decade long trend;...
Consumer borrowing increased by $15.2 billion in February, according to a report from the Federal Reserve; credit card borrowing increased by $2.9 billion helping total credit card debt outstanding to increase to $1 trillion; auto loan and student loan borrowing also increased in February by $12.3 billion. Source
The Federal Reserve made several changes to the Main Street Lending Program on Monday that should result in more businesses...
For its 2023 State of Compliance Benchmark Report, Alloy surveyed more than 200 professionals working in compliance-related roles at fintechs to learn more about their organizations' compliance strategies.
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We are living in times of extremes, particularly when it comes to economic data, and this is reflected in the...
This week Prosper released their June 2012 Investor Monthly Update. This is the second update in the series (the May...
According to new data from the Federal Reserve mobile payments have seen a big growth among consumers but fraud has also risen; the shorter clearing period looks to have opened banks on the Zelle network to more potential for fraudulent transactions; Zelle has been using multi-layer and multi-factor authentication during the enrollment process; as banks look to innovate to suit their customer needs they are also looking at newer ways to protect themselves against threats that are evolving just as quick. Source.
The Federal Open Market Committee (FOMC) announced on Wednesday that it would leave its federal funds rate unchanged; the Fed increased the rate to 0.50% to 0.75% at its last meeting in December and predictions have called for more aggressive increases in 2017 however it seems they may be later in the year; Janet Yellen speaks before Congress in February and the market is currently reporting an 18% probability of an increase in March at the FOMC's next meeting. Source