FedNow instant payments service to launch by July
The pilot program is slated to enter technical testing next month.
Tag: Federal Reserve
Powell: Fed to continue pursuing ‘restrictive policy’ to combat inflation
A recent easing in the rate of inflation hasn’t been enough to convince the Federal Reserve to reverse course on ...
CDIAC members discuss economic conditions, top policy issues
Current banking conditions remain “mostly stable, but there are concerns over the longer term given current economic conditions,” members of ...
Fed issues guidance for banks seeking to leap into crypto
In a supervisory letter issued yesterday, the Federal Reserve said that Fed-supervised banks seeking to engage in activities related to ...
Fed issues final guidelines for payments system access
The Federal Reserve today announced final guidelines that it will use when evaluating requests for master accounts with the Fed ...
Bowman raises concerns about proposed CRA changes
A proposed overhaul of Community Reinvestment Act regulations does not adequately account for the costs and benefits of certain provisions ...
Trade groups: Proposed CRA changes do not accomplish modernization goals
The American Bankers Association and 51 state banking associations submitted comments today on the banking agencies’ proposed overhaul of the ...
Fed announces individual capital requirements for large banks
The Federal Reserve today announced individual capital requirements for banks with more than $100 billion in total consolidated assets.
Trade groups: Removing late fee ‘safe harbor’ could harm consumers
Late fees for financial products, when charged appropriately, incentivize timely payment and good financial management, ABA and three other financial ...
Fed raises interest rates for fourth time this year
The Federal Reserve raised interest rates by three-quarters of a percentage point to a target range of 2.25% to 2.5%, ...
