New ABA Survey Finds Few Banks Have Formal Payments Strategies
Just 13 percent of banks have a formalized payments strategy in place, according to a new survey released today at...
Payments
Hultgren: Congress Must Ensure Level Playing Field Between Banks, Fintech Companies
As more and more fintech companies emerge in the financial services industry, Rep. Randy Hultgren (R-Ill.) today said that that...
Fed’s Fischer: Government Backing of Housing Market Should Be Explicit, Not Implicit
Government guarantees of mortgage-related assets should be explicit, not implicit, Federal Reserve Vice Chairman Stanley Fischer said in remarks today.
CFPB Proposes Further Changes to Prepaid Rule; Issues Compliance Guide
The Consumer Financial Protection Bureau today proposed several changes to its final rule on prepaid products, whose implementation has been...
CFPB Urges Card Issuers to Seek Alternatives to Deferred Interest Promotions
The CFPB recently sent letters to top retail credit card companies expressing concerns about deferred interest products, which allow consumers...
ABA: CARD Act Has Led to Higher Credit Costs, Lower Availability
ABA today filed comments in response to the Consumer Financial Protection Bureau’s request for information regarding the consumer credit card...
Updates to Reg CC Encourage Faster Check Processing, Include Electronically-Created Items
The Federal Reserve today announced long-awaited changes to certain sections of Regulation CC, which implements the Expedited Funds Availability Act.
House Leaders Expected to Pull Durbin Repeal from Choice Act
House Republican leadership is expected to remove a provision repealing the Durbin Amendment from House Financial Services Committtee Chairman Jeb...
ABA Calls on CFPB to Examine Consumer Access to Remittance Services
As the Consumer Financial Protection Bureau prepares to assess the effectiveness of its final rule governing remittance transfers, ABA called...
ABA, Groups: Proposed Remittance Transfer Fees Could Drive Transactions Underground
Eight financial trade associations -- including ABA -- wrote to members of Congress today opposing the Border Wall Funding Act...
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