ABA: FedNow Should Be ‘Bank-Centric,’ Interoperable
In a letter today, American Bankers Association offered several recommendations for the Federal Reserve to consider as it continues to...
Payments
TCH: RTP Network Reaches More than Half of DDAs in the US
The Clearing House announced today that financial institutions holding 70% of demand deposit accounts now have access to real-time payments...
Amid Pandemic, Consumers Pay Down Record Amount of Credit Card Debt
Consumers paid down $60 billion in credit card debt in the first quarter of 2020, the largest first quarter paydown...
CFPB Chief of Staff Tapped to Lead ABA’s Card Policy Council
ABA announced today that the Consumer Financial Protection Bureau’s Kirsten Sutton has been selected to serve as executive director of...
Engage Differently: Marketing Digital Tools in a Time of Crisis
The ongoing digital shift in banking will provide more opportunities to unlock better customer experiences.
CFPB: About 6% of Mortgage Borrowers Receiving Coronavirus Relief
Around 6% of outstanding first-lien mortgages in June 2020 were reporting zero payment due based on credit bureau data, up...
CFPB Launches Latest CARD Act Review; Seeks Feedback on Regulations
The Consumer Financial Protection Bureau is beginning its biennial review of the consumer credit card market, as mandated by the...
J.D. Power: Consumer Satisfaction with Credit Cards Holds Steady
Gains in satisfaction from before the coronavirus pandemic boosted overall consumer satisfaction with credit card issuers in 2020, according to...
How U.S. Banks Can Start Planning to Deliver Crypto Custody Services
Will the OCC’s clarification that U.S. banks can hold a cryptocurrency’s unique cryptographic keys turn out to be the onramp...
Survey: Businesses Prioritize Real-Time Payments Access
In a new survey from Providence, Rhode Island-based Citizens Financial Group, business leaders said that a bank’s ability to provide...
