Federal Reserve System

“We’ve all got one hand tied behind our back"
5:46 am
Wed September 10, 2014

Apple Pay, another unregulated business with your data

Reserve System member Daniel Tarullo testifies on Capitol Hill, in Washington Wednesday, June 6, 2012, before the Senate Banking Committee hearing.
Credit AP Photo/Manuel Balce Ceneta

On the same day Apple unveiled a new mobile payment system, regulators warned Capitol Hill about the hazards of non-bank companies having access to financial data.

"Ironically," regulators said Tuesday, Home Depot also confirmed the theft of banking data from millions of customers.

Apple says their payment system is designed to be more secure than the one Home Depot uses, but it is also one more company with access to your financial data that’s not subject to government oversight. 

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Connecticut
12:49 pm
Wed January 15, 2014

NY Fed mostly positive on Conn. recovery

An economist with the Federal Reserve Bank of New York gave a mostly positive outlook for 2014 for Connecticut, despite the state's slow pace coming out of the recession.

Community Banking
10:49 am
Tue October 8, 2013

Report: Community banks 'overburdened' by regulations

Percentage of Deposits in Community Bank Branches- June 30th, 2012
Credit Conference of State Bank Supervisors

Community banks were the subject of a report released on Monday by the Connecticut Department of Banking, along with the Federal Reserve System and the Conference of State Bank Supervisors.

You can access the report by clicking here.

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