Fed Survey: Noncash Payments Increase, Debit Most Popular with Consumers
Consumer noncash payments have increased significantly between 2000 and 2015, according to new data from the Federal Reserve today.
Payments
Nine Young Bankers Who Changed America: Marcellus Flemming Berry
By perfecting the money order and inventing the traveler’s cheque (all by his early 40s), Marcellus Berry brought efficient and...
Nine Young Bankers Who Changed America: Dee Hock
Hock imagined the Visa network, an entirely new approach to card acceptance and settlement.
Nine Young Bankers Who Changed America: Richard Fairbank
Through big data and clever marketing, Richard Fairbank changed the way Americans acquire and use credit cards.
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...
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...
