Tag Archives: Federal Reserve

How to speed up tortoise-like U.S. payments?

Fred Williams

The U.S., with its supposedly dynamic financial system, still takes days to complete noncash payments, lagging other parts of the world. The Federal Reserve is holding a nationwide brainstorming session for ways to complete payments in “near real-time,” in order to keep up with a world that expects results at the tap of a smartphone key.
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Fed studies romance, credit; finds couples that pay together, stay together

Jay MacDonald

If you’re inclined to accept dating advice from the Federal Reserve Board — and I know you are — its steamy new study, "Household Formation, Credit, and Trustworthiness" reads like "Fifty Shades of Gray" for the gray flannel set.

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Reporter’s notebook: ‘Broken’ debt collection process getting a DC makeover

Fred Williams

Debt collectors, federal regulators and consumer advocates sat down together this week to begin the process of changing debt collection, which the feds have labeled a “broken” process.

It’s looking like some agreement is emerging that would eliminate some of the consumer-hostile practices that make debt collection the most-complained-about industry overseen by the feds.
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Ben, you may be leaving? But we just met

Fred Williams

Federal Reserve Chairman Benjamin Bernanke led extraordinary measures to create jobs. Now he may be headed for a job change of his own — just as the task facing the Fed reaches a delicate turning point.
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College students’ anti-debt video wins NY Fed contest

Jay MacDonald

Three New York City college students shaved their own student debt this week when their public service video, “Repair Your Credit — Repair Your Life,” took top honors at the fourth annual Financial Awareness Video Festival sponsored by the Federal Reserve Bank of New York.

The festival challenges college and university students to create a compelling 30-second video that teaches their peers how to build and use credit wisely.

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