ABA experts: Remember compliance obligations when dealing with stablecoins
As banks explore stablecoins, they must keep in mind that Bank Secrecy Act and sanctions rules still apply, and that...
Payments
Podcast: Bigger data boosts financial inclusion at Synchrony
As part of Synchrony's efforts to safely grow the number of people eligible for credit, it incorporated "consumer-consented cash flow"...
Fed to expand Fedwire, NSS operations to Sundays, holidays
The Fed announced that Fedwire Funds Service and National Settlement Service operations will be expanded to include Sundays and weekday...
Federal Reserve appeals Reg II interchange fee court ruling
The Federal Reserve appealed a federal court ruling striking down Regulation II’s standard for setting debit interchange fees.
Fed publishes FAQ on end of penny production
The Federal Reserve has published an FAQ about what the end of penny production will mean for penny ordering and...
Podcast: The real difference between stablecoins and tokenized deposits
Tokenized deposits are often spoken of alongside stablecoins, but the digital asset types have significantly different features and designs.
Treasury Department creates resource page for federal paper check phaseout
The Treasury Department has debuted a new resource webpage about the looming phaseout of paper checks for most federal disbursements.
ABA urges CFPB to maintain robust supervision of ‘larger participant’ nonbanks
In four comment letters, ABA urged the CFPB to maintain robust supervision of nonbanks in the markets for automobile lending,...
ABA responds to OCC RFI on potential actions to address payments fraud
According to ABA, “the growing prevalence and sophistication of fraud in today's financial ecosystem underscore the urgency of this inquiry...
Decoding digital money
The real difference between stablecoins and tokenized deposits.
