ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Compliance and Risk

Executive order phases out U.S. Treasury paper checks

March 25, 2025
Reading Time: 2 mins read
Executive order phases out U.S. Treasury paper checks

Under a new executive order from President Trump, effective Sept. 30, the U.S. Treasury will no longer issue paper checks for disbursements, including tax refunds, vendor payments, benefit payments and intergovernmental transfers.

The order also covers the use of paper checks to pay the federal government “as soon as practicable, and to the extent permitted by law.” In addition, it directs the Treasury Department to develop a comprehensive public awareness campaign of the change, “including guidance on accessing and setting up digital payment options.”

In a statement, American Bankers Association President and CEO Rob Nichols said the association welcomed the order. He noted that despite a continued decline in business and consumer use of checks, check fraud has continued to rise.

“That is why ABA and banks across the country launched the #PracticeSafeChecks campaign last October to educate consumers, including encouraging them to use digital banking options to send money whenever possible,” Nichols said. “The bottom line: Electronic payments are a much faster, cheaper and safer choice for consumers and the federal government.”

The move was billed as a crackdown on waste, fraud and abuse, as well as a step toward greater efficiency. According to the order, “Treasury checks are 16 times more likely to be reported lost or stolen, returned undeliverable, or altered than an electronic funds transfer.” The White House also noted the rise in check fraud and added that maintaining the infrastructure for paper check processing cost $657 million in 2024.

The order directed the treasury secretary to make exceptions “for people without banking or electronic payment access, certain emergency payments, certain law enforcement activities, and other special cases qualifying for an exception under the order or other existing law.”

Tags: check fraudFraudScams
ShareTweetPin

Related Posts

House lawmakers debate regulatory burden on banks

House subcommittee explores right-sizing bank capital requirements

Newsbytes
December 11, 2025

Republican subcommittee members called for a “right-sized” framework that doesn’t overly burden smaller institutions and one Democratic leader promised a “fight” against reducing current requirements.

Mortgage rates fall

Mortgage rates rise

Economy
December 11, 2025

The rate for a 30-year fixed-rate mortgage was 6.22% this week. The rate for a 15-year fixed-rate mortgage was 5.54%.

ABA’s Nichols, Camper, Sutton named 2024 top lobbyists

ABA’s Nichols, Camper, Sutton named 2025 top lobbyists

Newsbytes
December 11, 2025

The Hill newspaper announced that ABA President and CEO Rob Nichols, Chief Policy Officer Naomi Camper and EVP of Congressional Relations and Legislative Affairs Kirsten Sutton were named to its list of the 2025 top lobbyists

OCC to merge community bank, large bank supervision departments

OCC releases preliminary findings on alleged debanking by large banks

Compliance and Risk
December 10, 2025

The OCC said it is continuing to review thousands of documents and consumer complaints but claimed to find instances where banks may have restricted access.

ABA urges ‘same risk, same regulation’ for digital assets

ABA offers framework for AI legislation

Cybersecurity
December 10, 2025

ABA submitted a list of principles to guide any legislation relating to artificial intelligence in financial services, stressing that Congress must pass comprehensive laws establishing an AI risk management framework with strong preemption of state requirements.

Treasury report recommends more BSA enforcement for ‘DeFi’ sector

FinCEN penalizes crypto firm for BSA violations

Compliance and Risk
December 10, 2025

FinCEN assessed a $3.5 million civil penalty against the former cryptocurrency services provider Paxful for Bank Secrecy Act violations and issued a reminder for financial institutions of their anti-money laundering obligations when dealing with virtual currencies.

NEWSBYTES

House subcommittee explores right-sizing bank capital requirements

December 11, 2025

Mortgage rates rise

December 11, 2025

ABA’s Nichols, Camper, Sutton named 2025 top lobbyists

December 11, 2025

SPONSORED CONTENT

Seeing More Check Fraud and Scams? These Educational Online Toolkits Can Help

Seeing More Check Fraud and Scams? These Educational Online Toolkits Can Help

November 1, 2025
5 FedNow®  Service Developments You May Have Missed

5 FedNow® Service Developments You May Have Missed

October 31, 2025

Cash, Security, and Resilience in a Digital-First Economy

October 20, 2025
Rethinking Outsourcing: The Value of Tech-Enabled, Strategic Growth Partnerships

Rethinking Outsourcing: The Value of Tech-Enabled, Strategic Growth Partnerships

October 1, 2025

PODCASTS

Podcast: The outlook for tech-forward community banking

December 4, 2025

Podcast: The Erie Canal at 200

November 6, 2025

Podcast: Why branches are top priority for PNC

October 23, 2025

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.