Federal Reserve: New Survey Provides Information on Mobile Financial Services
Mobile banking use continued to rise last year as smartphone adoption grew and consumers were increasingly drawn to the convenience of mobile financial services, according to a Federal Reserve Board report, Consumers and Mobile Financial Services 2016, released on Wednesday. The report documents consumers’ use of mobile phones–Internet-enabled smartphones as well as more basic phones with limited…
Federal Reserve: Community Advisory Council Members Announced
The Federal Reserve Board on Tuesday announced the members of its newly created Community Advisory Council (CAC). The CAC is composed of individuals with consumer- and community development-related expertise who will provide information, advice, and recommendations to the Board on a wide range of relevant policy matters and emerging issues of interest. The fifteen members…
Federal Reserve: Report on the Economic Well-Being of U.S. Households
The Federal Reserve Board’s latest survey of the financial and economic conditions of American households released Wednesday finds that individuals’ overall perceptions of financial well-being improved modestly between 2013 and 2014 but their optimism about future financial prospects increased significantly. The 2014 Survey of Household Economics and Decisionmaking, provides new insight into Americans’ economic security, housing and…
Federal Reserve: Accepting Statements of Interest for the Community Advisory Council
The Federal Reserve Board on Monday announced that it is accepting Statements of Interest from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The formation of the CAC was announced in January. The council will advise the Board on issues affecting consumers and communities and will complement two of the Board’s…
Federal Reserve: Survey Provides Information on Mobile Financial Services
The use of mobile phones to access bank accounts, credit cards, or other financial accounts continued to increase among adults in the United States last year, according to a Federal Reserve Board report, Consumers and Mobile Financial Services 2015 (PDF). The report is the Board’s fourth looking at how consumers access banking services using mobile phones (“mobile…