Banking in the United States

Person Paying with Credit Card on Phone`

Federal Reserve Study Reveals Increase in Card and Electronic Payments

As of a few decades ago, Americans paid for just about everything with cash or check. Every now and then, a consumer would use a credit card to make a major purchase but for the most part, they relied on cash or checks to pay mortgages, utility bills, groceries, and more. The rapid pace of… Read more »

Exterior of Bank Building`

Federal Deposit Insurance Corporation Encouraging New Banks

It might feel like there’s a new bank popping up on every corner in America these days. But, the total number of banks in the U.S. has dwindled significantly over the course of the last 30 years. About three decades ago, there were more than 18,000 banks scattered across the country. But today, there are… Read more »