ABA Finds Limited Credit Availability, Higher Credit Costs Since CARD Act
Surface benefits for consumers from the 2009 Credit CARD Act have been offset by significant negative effects, ABA told the...
Payments
NACHA Finalizes Same-Day ACH Settlement
NACHA, the electronic payments association, today announced that its members voted to finalize a rule change that will accelerate ACH...
MasterCard Settlement Acceptance Deadline is Wednesday
The deadline for MasterCard-issuing banks to determine whether they will accept the network’s $19 million settlement with Target related to...
ABA, Groups Emphasize ‘Shared Responsibility’ for Protecting Customers
ABA and several other trade groups submitted a statement for the record of today’s House Financial Services Committee hearing on...
Visa to Boost, Tier Reimbursements for Reissued Cards
ABA played a lead role in securing higher post-data breach reimbursement levels for banks of banks of all sizes.
Chase Survey Finds More Education Needed on Chip Cards
Nearly two-thirds of consumers have not heard of chip card technology -- also known as EMV -- even though 80...
Update on the Fed’s Faster Payments Task Force
The Federal Reserve’s faster payments initiative is moving forward, and milestones have been established for the Faster Payments Task Force.
FinCEN Fines Virtual Currency Company, Launches BSA Exams
Recent actions by the Financial Crimes Enforcement Network indicate that regulatory pressure on virtual currency companies is heating up.
Reps. Neugebauer, Carney Introduce ABA-Backed Data Security Bill
Reps. Randy Neugebauer (R-Texas) and John Carney (D-Del.) today introduced the bipartisan Data Security Act (H.R. 2205), which would establish...
Change Is Coming
It’s hard to keep up with new developments in payments, says former ABA Chairman Jeff Plagge. But banks need to...
