ABA Recommends to NACHA Not to Change Early Funds Availability Rules
The American Bankers Association last week urged NACHA not to change rules around financial institutions offering early funds availability due...
Payments
Fed Chairman ‘Undecided’ about Merits of Central Bank Digital Currency
Testifying before the Senate Banking Committee today, Federal Reserve Chairman Jerome Powell said that he is “legitimately undecided about whether...
ABA Urges Expansion, Simplification on FASB Hedge Accounting Proposal
In a comment letter to the Financial Accounting Standards Board, the American Bankers Association recommended several changes to a proposal...
ABA Data Bank: Credit Card Rewards Provide Value to Consumers of All Income Levels
Most credit card holders have active rewards cards, including more than three-quarters of balance-active cardholders with a household income less...
ABA Report: Credit Card Rewards Valued by Consumers of All Income Levels
Credit card rewards are accessible, valuable and well-understood by consumers across all income levels, according to a new report released...
Consumers Pay Down $56.5 Billion Credit Card Debt in First Quarter
Consumers paid down $56.5 billion in credit card debt in the first quarter of 2021, a 51% larger pay down...
Fed Proposes Changes to Reg J to Accommodate FedNow
The Federal Reserve today proposed to create a new subpart of Regulation J that would provide a “comprehensive set of...
Fed Issues Proposal Aimed at Improving Intraday Liquidity Management
The Federal Reserve today asked for comments on proposed changes to its payments system risk policy that would expand access...
Brainard: Federal Reserve Sharpening Focus on Central Bank Digital Currency Research
In remarks at a virtual industry event today, Federal Reserve Governor Lael Brainard said the Federal Reserve is sharpening its...
Federal Reserve to Explore Central Bank Digital Currency
The Federal Reserve plans to publish this summer a discussion paper exploring the implications of issuing a U.S. central bank...
