The Federal Reserve Board proposes to permit U.S. banks and credit unions to use intermediaries to transfer funds through the FedNow Service, the board announced. In a release, the Fed said the measure, which would […]
The public comment period on a proposed rule adding provisions governing funds transfers handled through the coming new FedNow Service of the Federal Reserve Banks was extended from Aug. 10 to Sept. 9 Tuesday by […]
Public comments on proposed revisions to the Federal Reserve’s Regulation J, governing fund transfers, to incorporate rights and obligations of Federal Reserve Banks and participants of the Fed’s new round-the-clock instant payments service are due […]
A “new and comprehensive” set of rules – but whose concepts are like existing regulations – to govern the Federal Reserve’s new round-the-clock instant payments service was proposed Tuesday by the agency. According to the […]
Land developers who are tardy in filing annual reports of activity or certain financial statements won’t face supervisory or enforcement action – provided that the firms are making “good faith efforts to file the reports […]
Final rule changes to simplify rules for check collections and have them better conform with requirements of a funds availability rule were approved Thursday by the Federal Reserve Board, the agency announced the same day. […]
The Federal Reserve Board is accepting comments until May 14 on check collection rule updates to better address the evolution of the nation’s check collection system to a virtually all-electronic one. The Fed is proposing […]
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