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.
FinCEN posted an interim final rule removing the requirement for U.S. companies and persons to report beneficial ownership information to the agency under the Corporate Transparency Act.
Federal Reserve Governor Michelle Bowman urged the Fed board to reconsider its approach to adverse comments in bank applications, pointing to a recent example of a branch approval that was delayed by months because of a single comment.
The CDFI Fund is a proven successful public-private partnership model for maximizing impact while minimizing government expense, two organizations representing bank and credit union state regulators said.
Mentions of "recession" and "tariff" in Google search have surged, reflecting growing market uncertainty.
ABA joined 11 associations in urging lawmakers to extend a federal law that established voluntary procedures for information sharing about cyberthreats between government and private entities and protections for sharing among private sector companies.
The ABA Health Savings Account Council outlined multiple steps the Centers for Medicare and Medicaid Services can take to allow more Americans to qualify for and use an HSA.
