ABA raises concerns about proposed ACH return timeframe revisions
ABA said it opposes a proposal by Nacha to modify Automated Clearing House return timeframes, pointing to the high costs...
Payments
ABA offers principles to guide changes to payments system access
As policymakers consider proposals related to payment system access, such as new chartering models and Federal Reserve account access, they...
Bill would extend time for banks to review suspicious checks, wire transfers
Rep. Young Kim (R-Calif.) has introduced legislation to allow financial institutions to place extended holds on suspicious checks and wire...
OCC proposes Bank Secrecy Act, sanctions requirements for stablecoin issuers
OCC proposed regulations to implement Bank Secrecy Act and sanctions requirements for payment stablecoin issuers. The rulemaking was issued in...
FinCEN, banking agencies propose customer ID requirements for stablecoin issuers
FinCEN and the federal banking agencies released a proposed joint rule to establish customer identification program requirements for payment stablecoin...
Bank survey: Longer lifespans, new investment options changing how individuals manage wealth
Longer lifespans, accelerating family business transitions and shifting investment preferences are reshaping financial priorities among individuals with at least $3...
ABA urges OCC to coordinate with other regulators on stablecoin
The OCC needs to coordinate with other federal agencies to ensure that all stablecoin issuers are subject to the same...
OCC publishes draft reporting forms for stablecoin issuers
The OCC has released for public review draft forms that will be used to collect information from payment stablecoin issuers...
ABA Fraudcast: The challenge of synthetic identity
A longtime leader in the fight against fraud describes one effective addition to the banking industry’s commitment to innovation: partnership.
ABA, associations: Appeals court should uphold Fed’s Reg II interchange fee standard
A federal appeals court should uphold a district court ruling and reject a retailer lawsuit seeking to overturn how the...
