ABA Data Bank: Banks report lower demand for loans

The CFPB is withdrawing a proposed rule to prevent financial institutions from charging nonsufficient funds fees for transactions that are instantaneously declined.

The uncertain regulatory environment makes board-management communication even more important.

The CFPB proposed an interpretive rule to expand Electronic Fund Transfer Act protections to digital payment mechanisms, such as those involving stablecoins or transactions in video games.

TCH reports that payment value on its RTP network rose 94% in 2024 to $246 billion, while volume increased 38% to 343 million transactions.

ISO 20022 is an international standard for electronic data exchange between financial institutions.

Americans should be deeply skeptical of a CFPB lawsuit against the operator of Zelle and participating banks in the final days of the Biden administration, ABA President and CEO Rob Nichols said.