Fed Issues Final Guidelines for Evaluating Joint Federal Reserve Account Requests
The Federal Reserve today issued its framework for how it will evaluate applications for joint accounts at Federal Reserve banks.
Payments
ABA, Groups Offers Feedback on Proposed Reg CC Changes
In a joint comment letter with five financial trade groups today, the American Bankers Association wrote to the Federal Reserve...
Credit Card Market Grows in First Quarter
New credit card accounts totaled 91 million in the first quarter of 2017, according to the latest edition of ABA’s...
Survey: Consumers Concerned about Card Security Even as Fraud Rate Falls
Efforts by financial institutions to secure card payments and prevent fraud appear to be paying off, according to a recent...
Task Force Report Points to Real-Time Payments by 2020
The Federal Reserve’s Faster Payments Task Force yesterday released its long-awaited recommendations for accelerating real-time payments in the United States...
BAFT to Offer New Payment Certification
BAFT -- ABA’s global transaction banking subsidiary -- announced a new partnership with the London Institute for Banking and Finance...
CFPB Finalizes Rule Dramatically Curtailing Arbitration Agreements
The Consumer Financial Protection Bureau today finalized a controversial rule that prohibits customers from waiving their ability to participate in...
Fed Researchers: Durbin Amendment Led to Loss of Free Checking
Confirming long-observed anecdotal evidence, a recent paper from two Federal Reserve researchers found that after the Durbin Amendment took effect,...
