Payment fees

CFPB proposes expanding safe harbor in remittance rule

12/03/19

The agency announced changes meant to reduce compliance costs and allow some institutions to provide estimates rather than disclose exact prices for international money transfers.

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House GOP calls on CFPB to continue remittance rule exemptions

09/30/19

House Republicans are pushing the CFPB to continue to allow banks and credit unions to estimate exchange rates and fees for money transfers.

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Fee momentum timely for U.S. Bancorp

07/17/19

Executives at the Minneapolis bank, who expect two Fed rate cuts this year, said they can rely on growth in noninterest income to soften the blow.

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Early adopter: Clearing House real-time payments lands first small bank

05/22/19

Avidia Bank joins the network even as other community banks call on the Fed to create its own real-time payment service to compete.

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Temporary relief from CFPB remittance rule set to expire next year

04/25/19

The rule requires disclosure of exact fees but institutions can estimate pricing under an exception that will expire in 2020. The CFPB is seeking comment to prepare for that deadline.

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Commercial, mortgage, card lending rise at U.S. Bancorp

04/17/19

The Minneapolis bank reported mid- to high-single-digit improvement in those categories, but total loan growth was curbed by declines in CRE and other credit types.

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Real-time payments needs more competition

01/16/19

The Federal Reserve has suggested it could join the market for instant interbank payments, but private sector entrants would be better.

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