The Federal Reserve announced today that it will maintain its current fee schedules for priced services for most payments services in 2021. The Fed acknowledged the uncertainties created by the coronavirus pandemic and said it intends to hold most prices steady “in order to support the business planning of users and providers of payment services.” The Fed said it will publish a final list of 2021 fee schedules in the Federal Register later this year.
ABA, associations urge CFPB to rescind changes to adjudication process
ABA joined three associations in voicing support for a CFPB proposal to rescind a set of changes to the bureau’s rules that, among other things, gave its director authority to resolve adjudication hearings overseen by the agency.