Senate Banking Committee advances stablecoin bill
The Senate Banking Committee voted 18-6 in favor of a bill that would create a regulatory framework for payment stablecoins,...
Payments
ABA outlines three principles to guide stablecoin regulation
In comments to lawmakers, ABA offered three principles to guide the establishment of a regulatory framework for payment stablecoins.
ABA, associations: House bill to cap credit card rates would hurt consumers
A House bill that would cap credit cards’ annual percentage rate at 10% would severely restrict the availability of such...
Survey finds most consumers stick with same checking, savings accounts
A new survey found that most U.S. consumers stick to the same checking and saving accounts through a significant portion...
OCC withdraws policy on bank engagement with cryptocurrency
The OCC published an interpretive letter rescinding the agency’s policy on bank engagement with cryptocurrency “to reaffirm that a range...
Proposed bill would prevent CBDC implementation
Rep. Tom Emmer (R-Minn.) reintroduced a proposed bill that would prevent the Federal Reserve from using a central bank digital...
New York Fed: More people living in ‘credit secure’ counties
The share of U.S. residents living in ‘credit secure’ counties grew over a five-year period, but more than one in...
CFPB drops lawsuit against Zelle
The CFPB dismissed its lawsuit against the operator of Zelle and several participating banks for allegedly failing to take steps...
Survey: More young people turning to buy now, pay later services
The number of consumers using buy now, pay later services continued to grow in 2024, with much of that growth...
Survey: Financial health tools popular feature in bank apps
Nearly four out of five U.S. consumers use their banking app weekly, with many saying they “can’t live” without their...
