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.
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.
