Senate Passes Bill to Protect Economic Impact Payments from Garnishment
The Senate today unanimously passed an ABA-advocated bill that would exempt the CARES Act economic impact payments from garnishment orders.
Payments
U.S. Mint Calls on Consumers to Help Address Coin Circulation Problem
With the COVID-19 pandemic disrupting the circulation of coins nationwide, the U.S. Mint today called on the public to help...
Survey: Consumers Show Growing Preference for Contactless Card Payments
Of payment cardholders who are familiar with contactless payments, three out of four prefer using a contactless credit or debit...
Fed to Hold Payments Services Fees Steady for 2021
The Federal Reserve announced today that it will maintain its current fee schedules for priced services for most payments services...
Can My Bank Require Opt-In to Overdraft as a Condition of Receiving a Debit Card?
…and other answers to your compliance questions in the July/August 2020 ABA Regulatory Policy and Compliance Inbox.
New CFPB Study Examines Recent Debt Settlement, Credit Counseling Trends
A new report from the CFPB found “substantial changes in debt settlement activities over the last 13 years,” likely driven...
FTC: Online Shopping Complaints Rise During Pandemic
Reports of fraud and unreceived merchandise purchased online increased dramatically during the pandemic, according to new data released by the...
Fed Launches Task Force to Address Coin Shortages During Pandemic
The Federal Reserve announced today that it is forming a task force to address the issue of low coin inventories...
Podcast: OCC’s Brooks Plans to Unveil ‘Payments Charter 1.0’ This Fall
The OCC is planning to unveil what Acting Comptroller Brian Brooks called "payments charter 1.0" as soon as this fall,...
Have Virtual Currencies Virtually Arrived?
As bitcoin and other private digital currencies gain wider acceptance, is a “central bank digital currency” on the way soon?
