ABA Calls for Interoperability as Fed Develops FedNow
In a comment letter to the Federal Reserve today, the American Bankers Association offered feedback on a recent proposal to...
Payments
J.D. Power: Consumer Satisfaction with Credit Cards Declines
Customer satisfaction with credit card issuers declined this year as card issuers worked to meet consumers’ needs amid continued economic...
Survey: Debit Transactions Decline for First Time on Record
In response to the COVID-19 pandemic, the number of debit transactions declined 2.5% in 2020, the first dip in the...
Report: Credit Card Purchase Volume Remains Strong in First Quarter
Credit card monthly purchase volumes were mostly unchanged in the first quarter compared to the fourth quarter of 2020 but...
Financial Trades Strongly Oppose Fed’s Durbin Proposal
The American Bankers Association and five other financial trade groups yesterday urged the Federal Reserve to withdraw its proposal to...
ABA Opposes Some Proposed Changes to Fed’s Payment System Risk Policy
The American Bankers Association today expressed opposition to several proposed changes to the Federal Reserve’s payment system risk policy.
Financial Trades: 36% Fee and Rate Cap Could Constrain Credit
A coalition of financial trade groups including ABA today urged Senate Banking Committee members to reject any legislative proposal that...
ABA Recommends to NACHA Not to Change Early Funds Availability Rules
The American Bankers Association last week urged NACHA not to change rules around financial institutions offering early funds availability due...
Fed Chairman ‘Undecided’ about Merits of Central Bank Digital Currency
Testifying before the Senate Banking Committee today, Federal Reserve Chairman Jerome Powell said that he is “legitimately undecided about whether...
ABA Urges Expansion, Simplification on FASB Hedge Accounting Proposal
In a comment letter to the Financial Accounting Standards Board, the American Bankers Association recommended several changes to a proposal...
