Policy

Fed: Debit Fraud Costs Jump 44 Percent in Two Years

Debit card-related fraud losses to merchants, cardholders and issuers rose from 2013 by 44 percent, reaching $2.41 billion in 2015, according to the Federal Reserve’s biennial survey of debit card issuers’ costs released today.

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Fintech, Customer Experience Key Concerns for Fed Advisory Council

Members of the Federal Reserve’s Community Depository Institutions Advisory Council -- which includes several ABA member bank CEOs -- raised concerns over the uncertain regulatory environment for innovation and bank-fintech partnerships and over growing regulations that directly harm the customer experience, according to minutes of the CDIAC’s last meeting released by the Fed.

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Fox News’ Chris Wallace to Keynote ABA Summit

Award-winning TV journalist Chris Wallace -- host of “Fox News Sunday” and a 2016 presidential debate moderator -- will be a keynote speaker at the ABA Government Relations Summit, to be held March 20-22 in Washington, D.C.

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