ABA, associations urge OCC to postpone crypto firm applications for bank charters
ABA joined four banking and credit union associations in raising concerns about a push by digital asset firms to establish...
Payments
House passes bills on stablecoins, digital assets, CBDCs
The House voted in favor of two bills to create a regulatory framework for payment stablecoins and digital assets. House...
ABA urges lawmakers to include safeguards in stablecoin bill
A durable regulatory framework for stablecoins must balance the potential for enhancing payments with the need to limit negative economic...
How stablecoins could affect borrowing costs for the government, businesses and households
Policymakers must weigh short-term fiscal gains against the long-term health of the real economy.
Banking agencies release statement on crypto-asset safekeeping
The Federal Reserve, FDIC and OCC released a joint statement on potential risk-management considerations related to holding crypto-assets on their...
Zelle grows to more than 2,300 financial institutions
The total number of institutions on Zelle is now more than 2,300, with 95% institutions either community banks or credit...
ABA offers support, recommendations for Treasury’s efforts to increase payment system efficiency
ABA sent a letter in response to the Treasury's request for information regarding modernizing payments to and from the U.S....
BIS: Stablecoins fail as ‘sound money’
Stablecoins as a form of sound money fall short, and without regulation pose a risk to financial stability and monetary...
Podcast: Inside ABA’s new Treasury Check Verification System API
ABA's new Treasury Check Verification System platform is live. ABA anti-fraud experts Paul Benda and Hannah Ibberson discuss the platform...
FedNow adds risk mitigation feature, boosts transaction limit
The FedNow instant payments service this week announced it has launched a new account activity threshold feature and raised its...
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