Dimon: Inflation may persist as economy cools, raising stagflation risk
The U.S. economy is “still booming,” and inflation may not subside as expected when the overall economy cools, JPMorganChase Chairman...
Payments
ABA survey: Most consumers view banks as source of strength for U.S. economy
Nearly nine in 10 Americans with a bank account say they are “very satisfied” or “satisfied” with their primary bank,...
Survey: Mortgage servicer customers remain wary of online chat
Many mortgage servicer customers still prefer to speak with a live person over the phone when experiencing a problem, although...
Podcast: Breaking down crypto investment scams
Crypto investment scams cost Americans billions of dollars. The scammers start small with confidence or romance scams and gradually work...
Nearly $500B sent through Zelle in first half of 2024
The person-to-person payments network Zelle grew to 143 million enrolled users in the first half of 2024, with total transactions...
ABA, associations urge CFPB to rescind circular on overdraft opt-in procedures
ABA and five associations urged the CFPB to rescind a circular that imposes new expectations on banks with respect to...
Banking groups file motion to intervene in retailer lawsuit over debit interchange fees
Two industry groups filed a motion to intervene in a retailer lawsuit seeking to invalidate Regulation II’s standard for setting...
BAFT releases report on transaction banking sustainable finance product and reporting matrix
BAFT — ABA’s global transaction banking subsidiary — released a new white paper to provide guidance on transaction banking sustainable...
Overcoming hurdles to credit card issuing for community banks
The path to credit card issuing is within reach for community banks with the right support and technology.
ABA backs FDX application to become open banking standard-setting body
ABA said that it supports an application by the Financial Data Exchange, or FDX, to become a recognized standard-setting body...
