Browsing: Payments system

Newsbytes Fed announces 2024 pricing for payment services

The Federal Reserve 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.

Newsbytes CFPB proposes to supervise nonbank payment providers

The CFPB has taken steps to regulate large nonbank firms that provide digital payments services, including P2P payments, mobile wallets, and other payment apps, proposing a new rule that would establish its supervisory authority over certain nonbank covered persons participating in a market for “general-use digital consumer payment applications.”.

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