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.
ABA urges lawmakers to adopt legislation on Section 1071, UDAAP reform
The American Bankers Association submitted a markup memo for today's House Financial Services Committee legislative markup outlining support for several...