Headline deposit guarantee to be increased to £110,000 ($141,900) and temporary high balance claims to £1.4m ($1.81m).
Credit unions
Enforcement
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Citadel Federal to pay over $6.5m in first redlining case against a credit union
The institution failed to provide mortgage lending services to residents of predominantly non-white neighborhoods for about five years, DOJ said.
The regulator also sets higher requirements and expectations for credit unions deemed higher risk.
The US Federal Reserve launched its long-awaited instant payments system on Thursday.
MIinister of Finance Chrystia Freeland lobbied by group of 14 financial insitutions.