Podcast: Is it time to kill the paper check?

As the OCC considers revising its chartering rules, the agency should seek to uphold strong safety and soundness standards, increase transparency in the chartering process, and move cautiously as new regulatory frameworks develop, ABA said. The association also...

A federal court in Illinois partially upheld a first-of-its-kind state law restricting interchange fees for debit and credit card payments, striking down only the portion of the law that restricts the sharing of certain data obtained in transactions....

Household debt increased by $191 billion, or 1%, to $18.8 trillion in the fourth quarter of 2025, the Federal Reserve Bank of New York reported in its most recent Quarterly Report on Household Debt and Credit.

Federal Reserve Governor Christopher Waller provided an update on the feedback the Fed received about a proposal to create “skinny” accounts for payment services, acknowledging that banks and financial technology firms want conflicting things from the proposed service.

The FDIC announced that it will push back to May the deadline for comment on its proposal to create a process through which banks can seek agency approval to issue stablecoins through a subsidiary.

A proposal to create “payment accounts” to provide basic Federal Reserve payment services requires “careful design and robust risk mitigants” to uphold the integrity of the payments system and protect the public interest, ABA said.