5+ hour, 49+ min ago  (460+ words) Mark Gould, who was the Federal Reserve's first payments chief, said he will retire this year, but stay on while the central bank seeks his successor. Gould has held the chief payments post for about five years, named to the…...

1+ week, 2+ day ago  (410+ words) The administration mandated a review of how the Federal Reserve and other agencies can aid fintech firms through greater central bank access. In a Tuesday press release, Financial Technology Association CEO Penny Lee lauded the order as "a win for…...

1+ week, 3+ day ago  (420+ words) Debit and credit cards have surpassed cash as the most common payment method, but consumers still rely on legal tender, a Fed report found. The Federal Reserve's survey offers insights with respect to consumer cash use, even as other payment…...

1+ mon, 5+ day ago  (446+ words) Affordability is not just about the cost of credit," a former Treasury official writes. It is about whether credit is available at all." Melissa Koide is CEO and founder of Fin Reg Lab, a Washington nonprofit research organization that tests…...

3+ mon, 2+ week ago  (1095+ words) A prototype payment account carries undue restrictions, fintech groups said in response to a Fed proposal that offers expanded real-time payments access. A proposed Federal Reserve "skinny" account will be hobbled if regulators don't allow fintech companies access to Fed…...

1+ mon, 1+ week ago  (702+ words) House legislation introduced Tuesday would let financial technology firms access Federal Reserve payments rails. Kim, from Orange County in southern California, introduced the bill with Rep. Sam Liccardo, a Democrat who represents a Silicon Valley district that includes part of…...

1+ mon, 2+ week ago  (6+ words) Payments Dive...

1+ mon, 2+ week ago  (389+ words) The question isn't whether government intervention in subscription cancellation policies is good or bad," writes one industry executive. Priya Lakshminarayanan is the chief product officer at the subscription management and billing platform company Recurly. She is based in the San…...

2+ mon, 1+ week ago  (553+ words) While there is a 36% interest rate standard for lending in the U. S. , it's not codified for all consumers. Now, the effort to set one has moved to the states. Credit card issuers generally adhere to a 36% interest rate cap on balances,…...

8+ mon, 2+ week ago  (336+ words) As financial firms flock to instant payments, the Federal Reserve has pitched Fed Now as a way to ease internal transfers, corporate payroll and big transactions. The Fed's decision to increase the limit stemmed from rising demand from financial institutions…...