Starting in November, the FedNow Service network transaction limit will be increased from $1 million to $10 million in response to growing commercial demand, according to Federal Reserve Financial Services.
Financial institutions will continue to have flexibility to set lower transaction limits based on internal risk parameters and business needs, FedNow said. The service currently has more than 1,400 participating organizations across all 50 states.
ABA and four associations offered several recommendations for proposed FDIC rulemaking to establish a process by which subsidiaries of institutions regulated by the agency can apply to become stablecoin issuers, as allowed under the Genius Act.
Federal regulators are proposing to make several changes to the CAMELS rating system to emphasize material financial risks over concerns related to policies, procedures and documentation, which they say would better reflect the issues most likely to affect...
President Trump will host a swearing-in ceremony on Friday for incoming Federal Reserve Chairman Kevin Warsh, according to a news report. Jerome Powell is currently serving as chair pro tempore.
Homebuilder confidence in the market for newly built single-family homes increased three points to 37 in May, according to the NAHB/Wells Fargo Housing Market Index.
ABA's access point to the Treasury Check Payee Verification System has verified nearly 105,000 checks since it launched in June 2025.
ABA and the Texas Bankers Association have released a new ad applauding Rep. Julie Johnson (D-Texas) for her work to lower the cost of credit for family farms and rural homeowners and urging her to continue those efforts.
