BAFT Elects New Officers
BAFT, ABA’s global transaction banking subsidiary, today announced the election of new officers for the 2017-2018 association year.
Payments
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...
Studies: Obama-Era Rules May Hinder Growth and Harm Competition
The first broad-scale academic assessment of new financial rules and standards put in place during the Obama presidency -- including...
Two Faces to a Cashless Future
Behind the hype for the ‘cashless society,’ bankers weigh the pros and cons of going without greenbacks.
Study: Small Merchants Value Service, Not Price, on Interchange
Small merchants place a higher value on the services they get when accessing the payments system than on paying a...
