ABA Regulatory Policy and Compliance Inbox: Is that check altered or fictitious?
And: Are banks required to notify customers eligible for early funds availability?
Payments
Democrats introduce bill to require reimbursements for electronic transfer fraud
Democrats in the House and Senate introduced legislation to require financial institutions to reimburse customers for electronic fund transfers that...
Bank survey: Credit cards remain most popular payments option
A recent survey by TD Bank found that a majority of respondents had multiple credit cards, with rewards programs being...
ABA, associations: Banks cannot fight financial scams on their own
Banks are only one contributor to the overall safety and security of the payments ecosystem and cannot single-handedly prevent criminals...
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...
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...
