Sen. Budd calls for federal preemption of AI regulation
As banks expand their deployment of artificial intelligence tools, Sen. Ted Budd (R-N.C.) called for federal regulation to preempt state...
Payments
ABA: Same BSA regulations should apply to banks, digital assets
More work is needed to provide the regulatory certainty required to realize the promise of stablecoins and other digital assets,...
ABA asks Fed, administration to maintain full penny deposit services
ABA urged the Federal Reserve and Treasury Department to alleviate the operational challenges caused by the end of penny production,...
Nacha adopts new rules to enhance international ACH transactions
Nacha voting members approved new rules aimed at increasing the efficiency of international Automated Clearing House transactions, or IATs, according...
Fed’s Barr: Regulation needed to fill ‘gaps’ in stablecoin law
A new law establishing a regulatory framework for stablecoins has “gaps” that could pose risks to financial stability and consumer...
RTP network hits 1.8 million daily transactions
The RTP network set a single-day record by processing 1,808,967 transactions valued at $5.2 billion on Oct. 3, network operator...
ABA’s Treasury check verification tool allows banks to report counterfeit checks
The new reporting system will allow ABA to collect real-time information on counterfeit Treasury checks.
ABA experts: Remember compliance obligations when dealing with stablecoins
As banks explore stablecoins, they must keep in mind that Bank Secrecy Act and sanctions rules still apply, and that...
Podcast: Bigger data boosts financial inclusion at Synchrony
As part of Synchrony's efforts to safely grow the number of people eligible for credit, it incorporated "consumer-consented cash flow"...
Fed to expand Fedwire, NSS operations to Sundays, holidays
The Fed announced that Fedwire Funds Service and National Settlement Service operations will be expanded to include Sundays and weekday...
