The Federal Reserve System’s 2022 fee schedules for priced services that go into effect Jan. 3 are expected to be 3.7% higher on average than in 2021, and the system projects that it will recover 97.1% of its priced services costs, the Fed said today. Increases in the fee schedule for 2022 are generally similar to previous years, except 2021 where fees other than the Check Services Participation Fee remained flat.
ABA has raised concerns about the stress test process in the past, citing a lack of transparency in the process and that it has resulted in higher capital rules that hurt bank lending and economic growth.
The U.S. Court of Appeals for the Fifth Circuit on Monday reinstated the enforceability of the Corporate Transparency Act and lifted the nationwide injunction issued by the district court judge earlier this month.
A federal judge today ordered a preliminary injunction against enforcement of an Illinois state law restricting interchange fees for national banks and federal savings associations but left the law in effect for Illinois-chartered institutions and credit card networks...
Americans should be deeply skeptical of a CFPB lawsuit against the operator of Zelle and participating banks in the final days of the Biden administration, ABA President and CEO Rob Nichols said.
The PNC Christmas Price Index, which tracks the cost of a full set of gifts from "The Twelve Days of Christmas," rose 5.4% to $49,263.47 in 2024, compared to a 2.7% rise in 2023.
The University of Michigan Consumer Sentiment Index increased 3.1% in December compared to the month prior, landing at 74, according to final results for the month. The December figure was up 6.2% from a year ago.
