The Federal Reserve today announced new pricing for the payment services that Fed banks provide to depository institutions, such as the clearing of checks, ACH transactions, and wholesale payment and settlement services. The changes take effect Jan. 2, 2024. The Fed also announced that it will maintain the current schedule for the FedNow service, inclusive of discounts.
Applications available for Bank Enterprise Award Program
The CDFI Fund has kicked off the application process for the 2024 funding round of the Bank Enterprise Award Program.