Top headlines in today’s news …
The Federal Reserve’s plan to develop a round-the-clock, real-time payment settlement service – FedNow – is explained in detail in a notice for comment slated for publication in the Federal Register Friday, with a 90-day public […]
An increased cost of liquidity to firms is caused by the Volcker Rule, while at the same time the rule does not decrease their exposure to liquidity risk, a new report issued Tuesday by a […]
Everyone deserves the same ability to make and receive payments immediately and securely, and every financial institution deserves the same opportunity to offer that service to its community, the Federal Reserve governor overseeing the agency’s […]
A new, round-the-clock real-time payment settlement service will be developed by the nation’s central bank, becoming available in four to five years, the agency said Monday. The new service from the Federal Reserve will be […]
“Payment systems” is the topic a speech scheduled for Monday by Federal Reserve Board Gov. Lael Brainard in Kansas City, following closely on the heels of comments by the Fed’s board chairman this week that […]
It is critical that federal regulators support technological change at the financial institutions that support their vital communities, and a new technology innovation office will help provide that support, the board chairman of the federal […]
The deadline for public comments on proposed revisions to Fair Debt Collection Practices Act (FDCPA) regulations has been extended to Sept. 18, according to a Federal Register notice filed by the Consumer Financial Protection Bureau (CFPB). […]
The dollar-amount thresholds that trigger various penalty and disclosure requirements under Regulation Z, implementing the Truth in Lending Act (TILA), have been adjusted effective Jan. 1, 2020, by the Consumer Financial Protection Bureau (CFPB) through […]
A decision by the Federal Reserve in its involvement with a “real-time payment system” proposal will be made soon, the chairman of its board said Wednesday, noting the Fed received “overwhelmingly favorable” comments about that […]
Proposed changes released in May to set the coverage threshold for home loan data reporting at either 50 or 100 closed-end mortgage loans, in either of the two preceding years, and set the threshold for […]
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