The Clearing House today announced an increase in the general transaction value limit for payments made on the Real-Time Payments Network. Effective April 18, the new transaction limit will be increased to $1 million from the current limit of $100,000. Depository institutions on the RTP network will be required to accept payments up to $1 million, however, individual participants may choose to set a lower value limit for payments they originate.
The Small Business Administration has reinstated stronger underwriting requirements for 7(a) loans through the issuance of a Standard Operating Procedure document.
So far in 2025, property and casualty insurers in the S&P 500 are up about 4.9%, compared with declines for banks (-10.0%) and the broader index (-8.6%).
Consumer sentiment fell 4.8 points in April to 52.2, down 25 points from one year ago, according to final results of the University of Michigan Surveys of Consumers.
The Federal Reserve and FDIC rescinded two joint statements issued under the Biden administration on the risk management obligations of financial institutions should they offer crypto-related services.
The rate for a 30-year fixed-rate mortgage was 6.81% this week. The rate for a 15-year fixed-rate mortgage was 5.94%.
Quantum computing is an entirely new way of processing information, and it has the power to solve extremely difficult computational problems much more quickly than binary computers. How are payments and banking affected?
