On the latest episode of the ABA Banking Journal Podcast, Rob Nichols offers his top takeaways from the ABA Washington Summit — including industry unity on stablecoin regulation, credit card policy challenges, federal preemption, and bipartisan legislation on fraud. Nichols also previews his upcoming travel to Vienna for the United Nations’ Global Fraud Summit.
Branches are evolving to support client-family-advisor privacy and technology-enhanced settings.
Legislation to hold social media companies accountable for the scam ads appearing on their platforms would reduce consumer fraud losses by targeting “a key entry point” for the crime, ABA and 52 state bankers associations said in a...
The National Credit Union Administration should pause setting up a process through which credit unions can seek approval to issue stablecoins through a subsidiary until the agency has proposed other regulatory safeguards for stablecoin issuers, ABA said in...
The CEA paper minimizes the core risk by starting from the wrong question. There is already ample evidence and analysis showing that a prohibition on yield for payment stablecoins is a prudent safeguard.
The FDIC rescinded a 2023 financial institution letter that had stated that banks’ charging representment nonsufficient funds fees may be a deceptive or unfair practice under section 5 of the Federal Trade Commission Act.
The CFPB should revise a regular survey on credit card plans to undo changes made by the previous administration that didn’t conform with law, ABA said.
