BAFT—the American Bankers Association’s global transaction banking subsidiary—and the business-to-business financial technology firm Trade Finance Global today announced a jointly produced guide on letters of credit during the BAFT International Trade and Payments Conference in Washington, D.C. The guide—”Everything you need to know about letters of credit: A comprehensive guide to Documentary Credits”—seeks to demystify letters of credit by clarifying the basics of the tool and breaking down the intricacies of when to use certain documents.
Fed seeks public input on potential changes to its check services
The Federal Reserve is seeking public input on potential changes to the check services it provides to banks and credit unions, although support for the request is not unanimous among Fed board members. Also, the Fed announced 2026...
