The Clearing House today announced an increase in the general transaction value limit for payments made on the Real-Time Payments Network. Effective Feb. 1, the new transaction limit will be set at $100,000. Depository institutions on the RTP network will be required to accept payments up to $100,000, however, individual participants may choose to set a lower value limit for payments they originate.
ABA, associations endorse bill to ban abuse of mortgage trigger leads
ABA and 16 groups are urging lawmakers to pass legislation banning the practice of credit reporting firms selling consumer contact information to lenders who then barrage those same consumers with unwanted solicitations.