Illinois lawmakers vote to delay implementation date for state interchange fee law
The Illinois General Assembly approved legislation extending by a year the effective date of a first-of-its-kind state law restricting interchange...
Payments
ABA DataBank: Increase in late payments by buy now, pay later users
Close to one-fourth of buy now, pay later users were late making a payment in 2024, a significant increase from...
Public comment sought on plan to phase out U.S. Treasury paper checks
The Treasury Department is taking public comment on plans to implement President Trump’s executive order directing it to no longer...
ABA seeks repeal of Reg II debit card interchange price control rule
In response to a Trump administration effort to ease regulation, ABA is urging officials to rescind the regulation implementing the...
ABA’s Ybarra: Stablecoin regulation must not undermine the banking system
Establishing a robust regulatory framework for stablecoin that integrates with, rather than disintermediates, the banking industry is critical to ensure...
ABA supports proposed updates to international electronic payment framework
ABA said it supports seven proposed enhancements to the International Automated Clearing House Transaction framework by Nacha, including eliminating the...
Labor Department rescinds guidance on crypto and 401(k)s
The Labor Department rescinded a 2022 compliance release that directed fiduciaries to exercise “extreme care” before adding a cryptocurrency option...
Did you know payment stablecoins have similar run risks as money market funds?
By drawing on the regulatory lessons learned from MMFs, policymakers can get ahead of the curve with sensible, risk-based safeguards...
ABA, state bankers associations: Keep credit card rate cap out of stablecoin bill
A proposed amendment to add a credit card rate cap to an unrelated bill on stablecoin regulation would devastate credit...
Proposed amendment would add credit card rate cap to Senate stablecoin bill
A proposed amendment would add language capping credit card interest rates at 10% to the GENIUS Act, an unrelated bill...
