In response to confusion about when consumers can access the latest round of economic impact payments, the American Bankers Association joined a coalition of nine financial trade groups today in issuing a statement confirming that the Internal Revenue Service chose March 17 for EIP funds to become available.
Locking down the ecosystem—making the digital banking experience more secure—should be high on the list of goals for the future-is-now bank.
The IRS tonight announced that the third round of economic impact payments will begin reaching Americans over the next week, with some direct deposit payments arriving as soon as this weekend.
As Congress today passed the $1.9 trillion COVID-19 relief bill—which includes an additional round of economic impact payments for eligible taxpayers—ABA joined a coalition of financial and consumer advocacy groups urging Treasury Secretary Janet Yellen to support standalone legislation to ensure that these payments are shielded from assignment and garnishment.
By a vote of 220 to 211 today, the House passed the Senate-amended version of the $1.9 trillion COVID-19 relief bill.
Consumers paid down $82.9 billion in credit card debt in 2020, the largest paydown on record, according to a new report from WalletHub released today.
As the COVID-19 pandemic turns one, bankers and cyber experts reflect on the rapid rise of scams and fraud schemes aimed at banks and their customers.
The streamlined instant payment experience is expected to benefit consumers, businesses.
As Congress considers an additional COVID-19 rescue bill, ABA today joined a coalition of 17 other financial trade groups calling on lawmakers to include language in the bill to ensure that any economic impact payments will be protected from assignment or garnishment.
The Federal Reserve is “looking very carefully” at whether and how it might issue a digital dollar, Fed Chairman Jerome Powell told members of Congress today.