CFPB report: University affiliated credit card offers continue to decline
Credit cards offered in conjunction with colleges, universities and affiliated organizations have continued to decline since the CARD Act was...
Payments
FSB provides updates on next steps of its cross-border payments project
The Basel, Switzerland-based organization identified three priorities for the payment program’s next phase
ABA anti-phishing campaign sees successful launch
Since its launch at ABA’s Annual Convention this week, ABA’s revamped #BanksNeverAskThat campaign website, banksneveraskthat.com, has received more than 61,000...
Fed finalizes rule expanding Durbin routing requirements to card-not-present transactions
The Federal Reserve today finalized a controversial, ABA-opposed rule expanding Regulation II, the implementing regulation for the Durbin Amendment.
Bank trade groups call out misleading Warren report on Zelle fraud
ABA today joined three financial trade associations in pushing back against a report issued by Sen. Elizabeth Warren (D-Mass.) examining...
FSOC urges lawmakers to develop ‘comprehensive’ stablecoin regulatory regime
A new report from the Financial Stability Oversight Council today warned of the dangers that cryptocurrencies and other digital assets...
ABA opposes adding Durbin-Marshall to defense bill
Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) last week filed an amendment that would add the ABA-opposed S. 4674...
Bank CEOs see Zelle as tool to fight fraud
The CEOs of the seven largest retail banks appeared before Congress today for the second of two days of hearings,...
Lawmakers introduce House version of ABA-opposed Durbin-Marshall bill
Reps. Peter Welch (D-Vt.) and Lance Gooden (R-Texas) today introduced a companion bill to the Credit Card Competition Act of...
CFPB study: BNPL loans grew tenfold since 2019
Buy-now-pay-later services have exploded in popularity with five BNPL lenders reporting a near tenfold increase in the number of loans...
