The Federal Reserve System’s 2020 fee schedules for priced services that go into effect Jan. 2 are expected to be 2.4% higher on average than in 2019, and the system projects that it will recover 100.2% of its priced services costs, the Fed said today.
Check fees will rise 3.3% on average, while FedLine prices will rise by 2.9% and Fedwire Funds prices will rise 3.7%. Fees will remain unchanged for FedACH, National Settlement Services and Fedwire Securities.
The FDIC and OCC issued new policies that expand the factors both will take into consideration when reviewing bank merger applications, with the OCC eliminating its expedited review process and the use of streamlined applications.
Business inventories in July came in at $2.57 trillion, up 0.4% from the month prior and up 2.5% from a year ago, the Commerce Department said.
Builder confidence in the market for single-family homes in September was 41, up two points from the previous month, according to the NAHB/Wells Fargo Housing Market Index.
A House bill that would codify an IRS notice to expand the list of preventive care benefits permitted to be provided by high deductible health plans deserves the support of lawmakers, the executive director of ABA’s Health Savings...
Industrial production increased 0.8% in August from the previous month, the Federal Reserve reported.
Retail and food service sales for August were $710.8 billion, up 0.1% from the previous month, the Commerce Department said in its advance estimate.
