Arab Bank Executive Elected BAFT Chair
BAFT, the American Bankers Association’s global transaction banking subsidiary, has named Maram Al-Jazireh as chair of its board for the...
Payments
Report: Credit Card Purchase Volume Rises in Fourth Quarter of 2020
Credit card monthly purchase volumes increased in the fourth quarter of 2020, rising 7% for super prime accounts, 8.6% for...
ARRC Releases Guide to Published SOFR Averages
The Alternative Reference Rates Committee—of which the American Bankers Association is a member—today released a new guide to published Secured...
ABA Slams Fed’s Proposal to Re-Open Durbin Amendment Rulemaking
Amid substantial growth in online purchases in recent years, the Federal Reserve today reopened its rule on the Durbin Amendment.
Fed Proposes Guidelines for Payments System Access
In a significant move today, the Federal Reserve proposed new guidelines that it will use when evaluating requests for master...
Several Core Providers to Cover Cost for MDIs to Join RTP Network
The Clearing House, Jack Henry, FIS and Fiserv announced today that they will cover the cost for minority-owned depository institutions...
ABA, Trade Groups Oppose California Public Banking Bill
The American Bankers Association joined a coalition of nine other trade associations in a letter opposing a bill introduced in...
ABA Calls Out the Risks of Bank Charter Arbitrage
ABA today called for more congressional oversight in light of recent efforts by federal and state agencies to create new...
The Digital Dollar Comes into Focus
A U.S. central bank digital currency moves from theory to ‘we have a responsibility to get this right.’
ABA, Financial Trade Groups Urge IRS to Improve ‘Get My Payment’ Website
The American Bankers Association and six other financial trade groups today requested that the Internal Revenue Service improve its Get...
