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...
Payments
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,...
ABA Viewpoint: Mega-retailers versus the public interest
The comment file on the Fed's Reg II proposal makes a clear case that the rule should be withdrawn for...
Illinois passes limits on payment card interchange fees
Illinois lawmakers passed a state budget that includes a ban on the collection of credit and debit card interchange fees...
Survey: Debit cards remain most popular payment product
The debit card “is still king” when it comes to overall customer use and satisfaction, according to a new survey...
CFPB to define buy now, pay later providers as credit card providers
The CFPB issued an interpretive rule to define lenders who provide buy now, pay later products as credit card providers...
ABA urges House to support bill to prevent Fed from issuing CBDC
In a letter, ABA urged House leaders to support a bill to prohibit the Federal Reserve from issuing a central...
Congress votes to overturn SEC treatment of crypto custody assets
The Senate voted 60-38 in favor of a House resolution to overturn a SEC staff accounting bulletin that changes the...
BIS seeks financial institutions for tokenized deposits project
BIS is seeking financial institutions for a project testing whether tokenized deposits could enhance cross-border payment functionality.
