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News & Headlines

Task Force Report Points to Real-Time Payments by 2020

The Federal Reserve’s Faster Payments Task Force on Friday formally released its long-awaited recommendations for accelerating real-time payments in the United States with a goal of real-time payment ubiquity by 2020.

Regulators Issue Proposal to Increase Mandatory CRE Appraisal Thresholds

The federal regulatory agencies issued a proposal to increase the threshold for required appraisals for commercial real estate transactions from $250,000 to $400,000 following the FDIC’s board meeting on Tuesday.

State Bankers Associations Urge Congress to Take Action to Block Arbitration Rule

State bankers associations from all 50 states and Puerto Rico on Friday wrote to Senate leadership urging lawmakers to use their Congressional Review Act authority to stop the CFPB’s final arbitration rule from taking effect.

Trump Names Quarles as Fed Vice Chairman for Bank Supervision

The White House on Monday announced that President Trump will nominate Randal Quarles to serve as vice chairman of the Federal Reserve for financial institution supervision.