Survey: Digital wallets grow in popularity

The proposed changes began under the Biden Administration as an attempt to simplify how financially distressed homeowners obtain assistance and avoid foreclosure. It’s not yet clear how the final version compares with the original proposal issued in July...

“We’re disappointed but not surprised by the merchants' lawsuits, which seek only to undermine the nation's trusted and tested payments system,” ABA and its co-plaintiffs said.

Despite rising inventory, home prices continue to rise. For banks, continued weakness would likely keep mortgage originations, refinancing activity, and related fee income muted. 

The survey, conducted for ABA by Morning Consult, showed that most Americans view the credit card marketplace as highly competitive, and they have concerns about reduced access to credit and other potential harm from policy proposals to cap...

Overall customer satisfaction is on par with last year, while slower responses and less consistent support were areas that need improvement, the survey reported.

With nearly every state having legalized cannabis in some form, it is time for Congress to pass legislation to allow legal cannabis businesses to access banking services without fear of federal prosecution, 16 governors said in a letter...