IRS: 130M Economic Impact Payments Distributed to Americans
A total of 130 million Americans received economic impact payments totaling more than $200 billion within the first four weeks...
Payments
Credit Card Use Rises in Q4; More Customers Paid Off Balances in Full
As credit card use picked up in the fourth quarter of 2019, a record share of consumers paid off their...
IRS Updates FAQs to Address Payments to Deceased, Other Non-Eligible Recipients
The IRS has updated its FAQs on the CARES Act economic impact payments to reflect that the deceased (as well...
COVID-19 Exposes Threats, Opportunities for the Payments Business
As consumer spending patterns shift, banks are adjusting on the fly and focusing on relationships.
ABA Supports Proposed NACHA Rule Changes
In a letter to NACHA last week, ABA offered support for several proposed changes aimed at improving and simplifying the...
Fed Announces Additional Actions to Support Intraday Credit
The Federal Reserve tonight announced several temporary actions—which will take effect upon publication in the Federal Register—to increase the availability...
Secret Service Notice Describes Features of Legitimate Economic Impact Payment Checks
As the Treasury Department prepares to issue paper checks to economic impact payment recipients, the U.S. Secret Service released a...
When Can I Pull A Credit Report on an Existing Loan Customer?
…and other answers to your compliance questions in the May/June 2020 ABA Regulatory Policy and Compliance Inbox.
ABA Joins Broad Coalition Seeking Clarity on Garnishment of Economic Impact Payments
The American Bankers Association today joined a broad coalition of financial trade and consumer organizations in a letter to congressional...
Financial Trades: Banks Working to Ensure Americans Receive EIPs
In a letter to Sens. Sherrod Brown (D-Ohio) and Elizabeth Warren (D-Mass.) today, ABA and three financial services trade organizations...
