A total of 337 financial institutions went live or signed up with Zelle in 2025, the payments network announced this week. Ninety-seven percent of those institutions were community banks and credit unions with assets of less than $10 billion.
More than 2,300 financial institutions are on Zelle, reaching 80% of U.S. bank and credit union accounts. The network said that most Zelle payments on any given day go toward essential living expenses, such as rent and monthly recurring payments.
ABA expressed support for a HUD proposal to rescind the use of disparate impact in determining Fair Housing Act violations, saying the rule in question did not provide clarity “and has been the subject of an unhelpful back-and-forth...
Two lawmakers have introduced legislation to prevent states from imposing interest rate caps on loans from out-of-state chartered banks and credit unions.
Banks have long been on the front lines of protecting customers from fraud, but they can’t do it alone, and social media companies and telecommunications providers must do more on their end, ABA’s Paul Benda told Nebraska lawmakers.
FinCEN issued an order exempting covered financial institutions from the requirement to identify and verify the beneficial owners of a legal entity customer each time the customer opens a new account.
FinCEN has launched a new dedicated webpage to confidentially accept whistleblower tips on fraud, money laundering and sanctions violations.
The ABA Office of the Chief Economist views Januarys reading as consistent with continued progress toward price stability, suggesting inflation remains contained. For banks, a stable inflation environment could help lower the short end of the yield curve,...
