Federal Reserve Board, Press Release, 20 Aug

PRESS RELEASE - The Federal Reserve Board announced on Tuesday that it will not, over the near term, incorporate two policy options into its longer-term Payments System Risk (PSR) policy plan. The Board will, however, continue to analyze the benefits and potential drawbacks of a two-tiered pricing regime for daylight overdrafts.

For the foreseeable future, the Board will not pursue a policy that: 1) lowers self-assessed net debit caps and eliminates two-week average caps or; 2) rejects all pay