ABA Calls on Congress to Pursue National Data Protection Standards
In response to the ever-increasing threat of data breaches and cyber fraud, ABA today called on Congress to pursue national...
Payments
FBI: Social Engineering Scams Cost U.S. Businesses $1.6B since 2013
Social engineering wire transfer scams cost U.S. businesses nearly $1.6 billion between October 2013 and December 2016, according to figures...
Financial Choice Act Clears House Committee
The House Financial Services Committee today voted to advance the Financial Choice Act, Chairman Jeb Hensarling’s (R-Texas) sweeping, 600-page bill...
BAFT Elects New Officers
BAFT, ABA’s global transaction banking subsidiary, today announced the election of new officers for the 2017-2018 association year.
CFPB Finalizes Delay of Prepaid Rule Effective Date
The Consumer Financial Protection Bureau today finalized a six-month extension of the effective date of its final rule on covered...
Hensarling’s Choice Act Includes Key ABA Priorities
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) today released the latest legislative text of his Financial Choice Act, a...
New GAO Study Examines Fintech Industry Regulation
A Government Accountability Office study published today examines four “subsectors” within the fintech industry, highlighting the types of products and...
Holiday Inn Parent Confirms Data Breach at Nearly 1,200 Hotels
InterContinental Hotels Group has confirmed that front desk payment terminals in at least 1,181 hotel locations nationwide were breached last...
ACH Transaction Volume, Value Grow in 2016
Electronic ACH payment transaction volume grew by 5.3 percent in last year, reaching 25.6 billion transactions, according to a report...
