Payments

Fed’s Powell: Banks Needed at Center of Payments System

As the push for faster payments in the U.S. intensifies, and as a variety of businesses enter the payments space, banks continue to have a “key role” in facilitating payment innovations, Federal Reserve Governor Jerome Powell said in a New York speech yesterday.

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Consumer Delinquencies Improve in Q2

Delinquencies in closed-end loans held steady in the second quarter of 2017 while bank card delinquencies fell and home-related categories continued their decline toward normal levels, according to the ABA Consumer Credit Delinquency Bulletin released today.

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In Twist, Cash and Debit Cards Grow Payment Share

Cash, debit cards and prepaid cards all increased their share of payment instruments that households use in a typical month, according to results from the Federal Reserve Bank of Boston’s 2015 Survey of Consumer Payment Choice released today.

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ABA, CBA Urge Education Department to Revisit Obama-Era Rule

As the Department of Education conducts the regulatory review mandated by President Trump, ABA and the Consumer Bankers Association yesterday urged the department to revisit the overly expansive final rule targeting campus bank accounts that the Obama administration finalized in October 2015.

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