Podcast: The bank policy outlook for 2024

Legislation to hold social media companies accountable for the scam ads appearing on their platforms would reduce consumer fraud losses by targeting “a key entry point” for the crime, ABA and 52 state bankers associations said in a...

The National Credit Union Administration should pause setting up a process through which credit unions can seek approval to issue stablecoins through a subsidiary until the agency has proposed other regulatory safeguards for stablecoin issuers, ABA said in...

The CEA paper minimizes the core risk by starting from the wrong question. There is already ample evidence and analysis showing that a prohibition on yield for payment stablecoins is a prudent safeguard.

The FDIC rescinded a 2023 financial institution letter that had stated that banks’ charging representment nonsufficient funds fees may be a deceptive or unfair practice under section 5 of the Federal Trade Commission Act.

The CFPB should revise a regular survey on credit card plans to undo changes made by the previous administration that didn’t conform with law, ABA said.

The FCC is seeking to impose stronger “know your customer” requirements on voice service providers that originate calls, as part of an effort to crack down on illegal scam calls. The commission is scheduled to vote on whether...