Tag Archives: Federal Reserve

Ashes and hearts and other credit news to know this week

Taylor Tompkins

This week’s (un)lucky number is: 91.6 million That’s how many new credit cards were opened in 2017. That’s almost as many as before the economy came crashing down around everyone in 2008. We’ll call that a win for consumer confidence. This…
Read More

Bills, bills, bills and other credit news to know this week

Taylor Tompkins

This week’s (un)lucky number is: 3 out of 4 That’s how many parents are still paying their grown children’s bills, according to our latest survey. Really? How are y’all out here buying your dog Ralph Lauren turtlenecks and still letting your mom pay…
Read More

Moving money at the speed of smartphone

Fred Williams

The Federal Reserve has taken another step in its effort to streamline the way money changes hands in the U.S., publishing a road map for banks, businesses, payment networks and consumers.
Read More

20 surprising facts about how Americans pay for things

Matt Schulz

Americans use this form of payment six times more than they did in 2000. Click through to learn what it is — and find 19 other eye-catching numbers.
Read More

Meet reverse repo: The new Fed tool to raise your interest rates

Fred Williams

A historic glut of cash in the economy is about to force changes in the way the Federal Reserve controls short-term interest rates — including the variable APRs on credit card balances.
Read More