Supreme Court decision extends period for administrative law challenges
The six-year period allowed for lawsuits against the U.S. government under the Administrative Procedure Act begins accruing when an injury...
Payments
Fed extends comment period on Fedwire, NSS operating time changes
The Federal Reserve will extend until Sept. 6 the comment period on its proposal to expand the operating days of...
ABA, associations support bill to pause debit card fee proposal
ABA and four banking and credit union associations voiced their support for legislation that would pause a Federal Reserve proposal...
ABA Regulatory Compliance Inbox: What is the requirement to provide credit score exception notices?
And: Questions on real-time payments and investigating multiple disputed debit card transactions.
Don’t reward misleading data
The CFPB continues to mislead policymakers and the public about credit card rewards programs.
Labor Department updates guidance on debit cards and unemployment compensation
The Department of Labor recently updated its regulatory guidance to state workforce agencies on using state-administered debit cards for unemployment...
Podcast: Pathward’s road to innovation in financial inclusion
On the latest episode of the ABA Banking Journal Podcast, Anthony Sharett, president of Pathward, discusses how his FDIC-insured bank...
ABA urges technology-neutral regulation of tokenization
Regulations governing tokenization should be risk based and technology neutral, and they should allow banks to use distributed ledger technology...
Biden vetoes resolution to overturn SEC treatment of crypto custody assets
ABA and three associations urged President Biden to sign a joint resolution that would overturn a SEC staff accounting bulletin...
Treasury Department: NFTs at high risk for fraud and scams
Non-fungible tokens are highly susceptible to use in fraud and scams, and the digital assets can be stolen from victims,...
