Browsing: Payments

Newsbytes Nichols: Credit card rewards benefit all customers

A guest column in the New York Times claiming credit card points are being paid for by the poor is not supported by the evidence, American Bankers Association President and CEO Rob Nichols said in a recent letter to the editor appearing in the newspaper.

Newsbytes CFPB releases findings on BNPL borrowers

Many consumers who use buy-now, pay-later products do so without any indications of financial stress, although they are more likely on average to be highly indebted and use high-interest credit products, according to a study released this week by the CFPB.

Newsbytes Survey: Businesses see growth potential in newer payments systems

Financial leaders in business and government expect contactless cards and digital wallets to continue growing in popularity over the next two years, with many believing that offering newer payment options will be a differentiator for their operations, according to a new survey by U.S. Bank.

Newsbytes McHenry, Luetkemeyer cite concerns with FinCEN registry access proposal

In a letter this week to federal regulators, House Financial Services Committee Chairman Patrick McHenry (R-N.C.) and Rep. Blaine Luetkemeyer (R-Mo.) expressed “serious concerns” about a Financial Crimes Enforcement Network rulemaking regarding access to the registry of beneficial ownership information, saying the proposal deviates from congressional intent.

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