Hispanic business group warns Clarity Act will harm local lending
A market structure bill for digital assets threatens to weaken the financial ecosystem supporting Hispanic-owned businesses by spurring the migration...
Payments
ABA, associations: Updated crypto market structure bill still puts local lending at risk
The latest version of a proposed market structure bill for digital assets still puts at risk the local lending that...
Directors Briefing: For stablecoins and tokenized deposits, the value of focusing on strategy
The takeaway is not that every bank needs a stablecoin strategy tomorrow. It is that stablecoins are no longer purely...
Nichols: ABA seeks ‘surgical’ changes to crypto market structure bill
ABA isn’t opposed to market structure legislation for digital assets but is seeking “tiny, surgical” changes to ensure the Genius...
ABA, associations seek agency alignment on Genius Act implementation
The National Credit Union Administration should coordinate with the banking agencies to ensure that Genius Act implementation is substantially similar...
Scott, Vought warn against price controls on credit, bank products
Restrictions on credit card rates and overdraft protection fees ultimately hurt the people they are meant to protect by limiting...
Common Cents Act clears House
The House passed by voice vote bipartisan legislation to implement the phaseout of the penny by providing a framework for...
ABA, ICBA join state associations in urging Senate to strengthen stablecoin yield provisions in Clarity Act
In a joint letter to Senate leaders, ABA, ICBA and 76 state associations representing thousands of community financial institutions across...
ABA shows support for the Common Cents Act
ABA expressed support for the Common Cents Act, which renews calls for officially halting the production of the U.S. penny...
Fed: Noncash payments continue to grow, credit cards more frequently used
The number of noncash payments more than tripled since 2000, with credit cards now outpacing debit cards in growth in...
