Fed seeks public input on potential changes to its check services
The Federal Reserve is seeking public input on potential changes to the check services it provides to banks and credit...
Payments
ABA urges CFPB to retract guidance on credit card rewards
ABA asked the CFPB to withdraw guidance for law enforcement alleging that credit card rewards programs could be illegal under...
Top Democrats seek guidance, plan for addressing penny shortage
The top Democrats on the Senate Banking and House Financial Services committees urged federal officials to provide “immediate guidance” about...
OCC releases correspondence on crypto activities
The OCC recently released its correspondence to banks that sought to engage in cryptocurrency-related activities as part of an effort...
FinCEN issues alert on money transfers tied to illegal immigration
FinCEN has issued an alert reminding money services businesses to remain vigilant in identifying and reporting suspicious activity connected to...
OCC allows banks to hold crypto to cover related fees
The OCC issued an interpretive letter stating that national banks are permitted to hold small amounts of crypto assets, as...
Agentic commerce and the new checkout imperative for banks
AI agents, real-time rails and customer trust are redefining the retail experience.
FDIC considering tokenized deposit insurance guidance, stablecoin issuer rules
The FDIC is considering guidance on tokenized deposit insurance for banks that want to explore the option, and the agency...
Survey: Most consumers would try stablecoins if offered by banks
Nearly three in four consumers are open to trying stablecoins and other digital currency services if offered by their primary...
Former Trump adviser warns against credit card interest rate cap
A proposal to create a nationwide cap on credit card interest rates would hurt millions of Americans by cutting off...
