CFPB releases FAQ on regulation of buy now, pay later products
The CFPB released an FAQ about applying Truth in Lending regulation to buy now, pay later products, such as how...
Payments
CFPB: Banks need proof of customer consent for ATM, debit card overdraft fees
Banks and credit unions can be held legally liable if there is no proof that they obtained affirmative consent from...
Survey: U.S. consumers have concerns about lowering debit card interchange fees
Most U.S. consumers with an opinion on debit card interchange fees agree the fees are necessary for fraud prevention efforts,...
Podcast: More tools to tackle check fraud
Fraud is front and center for America's banks. Paul Benda and Peter Cook discuss several recent initiatives taken by ABA...
New Nacha Rules and Tools Aim to Enhance Fraud Funds Recovery
SPONSORED CONTENT PRESENTED BY NACHA Fraud prevention and funds recovery are critical priorities for all financial institutions. The latest Nacha...
FBI: Crypto-related fraud losses increased 45% in 2023
Cryptocurrency-related fraud resulted in more than $5.6 billion in losses in 2023, representing a 45% increase from the previous year,...
Transportation Department launches inquiry into airline rewards programs
The U.S. Department of Transportation launched an inquiry into the four largest U.S. airlines’ rewards programs, with the goal of...
ABA suggests splitting proposal to expand Fedwire, NSS operating hours
ABA said it supports a proposal to expand the operating hours of the Fedwire Funds Service but had concerns about...
Basel Committee: Permissionless blockchains pose ‘novel’ risk challenges for banks
Banks that engage in digital asset transactions face risks that may require new approaches to risk management, according to a...
Fed’s Waller: FedNow grows to nearly 1,000 institutions
Nearly 1,000 depository institutions are using FedNow roughly a year after its implementation, Federal Reserve Governor Christopher Waller said.
