Minutes of the April 28-29 FOMC Meeting Released

Minutes of the April 28-29 FOMC Meeting Released

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 28-29, 2015.
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A Presumption of Innocence

A Presumption of Innocence

This fall, a new NACHA rule lowers the unauthorized transaction return rate to half a percent. Return rates that fall over or near the threshold should trigger investigation—and due process—before a verdict is rendered Take On Payments considers the process.
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Fed to Continue Testing Term Deposit Facility

Fed to Continue Testing Term Deposit Facility

The Federal Reserve plans to continue periodic testing of Term Deposit Facility operations, beginning with two operations this month. Financial Update notes that these operations are aimed at ensuring the operational readiness of the facility and providing eligible institutions with an opportunity to maintain familiarity with term deposit procedures.
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