Category Archives: Money

3 reasons to fear America’s massive $70 trillion debt pile

Anneken Tappe of CNN – America’s debt load is about to hit a record. The combination of cheap money and soaring debt helped fuel the decade-long economic expansion and bull market, but America’s gluttony of loans could work against it … Continue reading

Posted in Loans, Money, United States

Survey: Identity Fraud Fell in 2018

Those tiny chips in your credit and debit cards help derail fraudsters From Katherine Skiba, AARP – Credit and debit card fraud dropped in 2018, thanks to the emergence of embedded chip cards over the past few years, a new … Continue reading

Posted in Business, Credit, Finance, Loans, Money

Can FinTech Close the Gap Between ‘Unbanked’ Populations and Financial Services?

By Jay Lindsay of the Federal Reserve Bank of Boston The Federal Reserve’s finding that nearly half of U.S. adults can’t cover a $400 emergency expense without borrowing money is a sobering statistic, and it speaks to the economic insecurity … Continue reading

Posted in Big Data, Federal Reserve, Money

Federal Reserve Payments Study finds U.S. payments fraud a small but growing fraction of overall payments

From the Board of Governors of the Federal Reserve System The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015–outpacing growth in noncash payments overall, according to a new report based on Federal Reserve … Continue reading

Posted in Federal Reserve, Money

China’s ‘two-pillar policy’ for its currency, the Renminbi – what does this mean for other currencies, especially the U.S. Dollar?

Urban Jermann, Bin Wei, and Vivian Yue of the Federal Reserve Bank of Atlanta The foreign exchange rate is the rate at which one currency can be exchanged for another and, as such, it is an important determinant of the … Continue reading

Posted in China, Federal Reserve, Money, trade