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Fed Seeks Comment On New Operating Hours For Fedwire Funds

PYMNTS

The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service, as well as feedback on a possible new posting time for transactions, and an increased daylight overdraft fee. ET and settlement at 1:00 p.m. ET and settlement at 5:00 p.m.

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