Federal Reserve Gov. Michael S. Barr lauded progress made in bolstering financial inclusion in the U.S. at a Fed conference ...

Michelle Bowman of the Fed emphasized financial inclusion and the need for innovation to serve unbanked populations at a ...

Michelle Bowman, the US Federal Reserve’s top bank cop, encouraged the financial industry to consider more innovation as one ...

The Federal Reserve governor said the uptick in buy now pay later repayment issues is likely a sign that consumers don't ...

Barr also emphasized the role of faster payment systems in financial inclusion. The Fed launched the FedNow Service in 2023, enabling banks and credit unions to transfer money instantly and securely ...

The Federal Reserve Bank of New York said financially vulnerable consumers are among those most likely to use Buy Now/Pay Later loans from fintechs. Bloomberg Consumer advocates are pushing for ...

He is responsible for leading the full range of payment services provided by Federal Reserve Financial Services (FRFS). Mark also leads the Fed’s strategic improvement efforts for the payments system, ...

The Federal Reserve aims to cut 10% of its workforce over the next several years, Chair Jerome Powell told employees in a memo—following suit with the Trump administration’s efforts to reduce ...

12 Federal Reserve Banks: These reserve banks, located in 12 cities throughout the U.S., "serve as regulators of various financial institutions, ...