Tagged: federal reserve bank of new york

Yikes! Consumer Credit Card Debt Rockets to Pre-Pandemic High

The Federal Reserve Bank of New York’s Center for Microeconomic Data has published its quarterly report on consumer credit and debit, delivering disconcerting news. According to the Fed report, credit card balances increased $61 billion in the fourth quarter to $986 billion, topping the pre-pandemic… Read More

Warwick Business School: Stablecoins May Be Path to CBDCs

Warwick Business School held an event in recent days that discussed central bank digital currency (CBDCs), according to a note from the school. The Gillmore Centre Policy Forum heard Antoine Martin, a Senior VP of Research at the Federal Reserve Bank of New York, where… Read More

JST Capital Appoints Martin C. Grant as Global Head of Regulatory Affairs, Integrity

JST Capital, an international financial services company specializing in digital assets, has announced the hiring of Martin C. Grant as Global Head of Regulatory Affairs & Integrity. In his new role, Grant will be responsible for “navigating the evolving digital asset regulatory environment on behalf of… Read More

Federal Reserve Bank of New York: Demand for Small Dollar Business Loans is High But Key Sectors Struggle to Secure Bank Financing

The Federal Reserve Bank of New York has published a presentation on Small Business Credit. The document indicates that small business optimism is near a 15 year high and demand for small-dollar loans (under $1 million) is robust yet these same small dollars loans have… Read More

Federal Reserve Bank of New York Launches Fintech Advisory Group

The Federal Reserve Bank of New York announced last week it has launched its own Fintech Advisory Group to provide Bank leaders with a “high-level” platform to establish clear points of contact with senior representatives and thought leaders from the financial technology industry and consumer… Read More

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