ABA, Trades Support Durbin Repeal
ABA and several other trade groups wrote to House leaders yesterday in support of H.R. 5496, introduced by Rep. Randy...
Payments
CardHub: Outstanding Credit Card Debt Could Hit $1T in 2016
Outstanding credit card balances could reach $1 trillion by the end of 2016, according to a CardHub study released last...
Agencies Issue Guidance in Response to SWIFT Compromises
In the wake of high-profile compromised communications in the SWIFT communications network, the federal banking agencies issued guidance alerting banks...
Hensarling Unveils Proposal for Dodd-Frank Overhaul
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) today announced plans for new legislation that he called a “market-based, equity...
BAFT Supports OCC’s Call for Responsible Innovation
In a comment letter to the OCC yesterday, BAFT – ABA’s global payments subsidiary – made several recommendations in response...
CFPB Updates Rulemaking Agenda for Remainder of Year
The Consumer Financial Protection Bureau today updated its rulemaking agenda for the remainder of 2016. According to the agenda, the...
FinCEN Issues Final Customer Due Diligence Rule
FinCEN yesterday released the text of its long-awaited final customer due diligence rule, which is expected to be published in...
ABA Report: Credit Card Access Up in Fourth Quarter
New credit card accounts rose 16.3 percent year-on-year in the fourth quarter of 2015 to total 80.3 million, according to...
WSJ Report: CFPB Expected to Supervise Online Nonbank Lenders
The Consumer Financial Protection Bureau is expected to propose a rule allowing it to supervise online marketplace lenders, according to...
Visa Offers Free Tech to Speed Up Chip Card Readers
Visa today announced the launch of Quick Chip for EMV, a technology enhancement designed to speed up EMV card authorizations...
