BAFT Supports OCC’s Call for Responsible Innovation
In a comment letter to the OCC yesterday, BAFT – ABA’s global payments subsidiary – made several recommendations in response...
Payments
CFPB Updates Rulemaking Agenda for Remainder of Year
The Consumer Financial Protection Bureau today updated its rulemaking agenda for the remainder of 2016. According to the agenda, the...
FinCEN Issues Final Customer Due Diligence Rule
FinCEN yesterday released the text of its long-awaited final customer due diligence rule, which is expected to be published in...
ABA Report: Credit Card Access Up in Fourth Quarter
New credit card accounts rose 16.3 percent year-on-year in the fourth quarter of 2015 to total 80.3 million, according to...
WSJ Report: CFPB Expected to Supervise Online Nonbank Lenders
The Consumer Financial Protection Bureau is expected to propose a rule allowing it to supervise online marketplace lenders, according to...
Visa Offers Free Tech to Speed Up Chip Card Readers
Visa today announced the launch of Quick Chip for EMV, a technology enhancement designed to speed up EMV card authorizations...
Regulatory Burden, Fintech among Key Concerns for Fed Advisory Council
Members of the Federal Reserve’s Community Depository Institutions Advisory Council -- which includes several ABA member bank CEOs -- raised...
Largest ACH Originators on Track for Same-Day ACH in 2016
With same-day ACH transfers phasing in this fall, 95 percent of the nation’s largest ACH originating institutions are on track...
