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.
The federal banking agencies extended by a month the comment periods for two proposed guidance documents on third-party risk management. ABA was among the groups that requested the extension.
The House passed an ABA-backed bill to allow 403(b) retirement plans to invest in bank collective investment trusts. Lawmakers also passed an unrelated bill to fund additional healthcare, education and job measures for veterans by raising VA mortgage...
Existing home sales decreased 5.5% to a seasonally adjusted annual rate of 3.75 million in October, according to the National Association of Realtors. The median existing home sales price increased 0.4% to $416,700.
The U.S. cattle herd has shrunk to its smallest level in 75 years, according to USDA data.
The CFPB is asking a federal court to dismiss a lawsuit brought by consumer groups and vendors to prevent the agency from removing disparate impact as a prohibited practice from Regulation B, which implements the Equal Credit Opportunity...
The Federal Reserve has announced upcoming pricing for payment services the Federal Reserve Banks provide to banks and credit unions. In addition, it announced the FOMC will hold eight meetings next year, with one dedicated to monetary policy...
