Fed’s Powell: Banks Needed at Center of Payments System

As the push for faster payments in the U.S. intensifies, and as a variety of businesses enter the payments space, banks continue to have a “key role” in facilitating payment innovations, Federal Reserve Governor Jerome Powell said in a New York speech yesterday.

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Consumer Delinquencies Improve in Q2

Delinquencies in closed-end loans held steady in the second quarter of 2017 while bank card delinquencies fell and home-related categories continued their decline toward normal levels, according to the ABA Consumer Credit Delinquency Bulletin released today.

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In Twist, Cash and Debit Cards Grow Payment Share

Cash, debit cards and prepaid cards all increased their share of payment instruments that households use in a typical month, according to results from the Federal Reserve Bank of Boston’s 2015 Survey of Consumer Payment Choice released today.

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