FedNow instant payments service to launch by July
The pilot program is slated to enter technical testing next month.
Browsing: Technology
Trade groups back OCC: Some crypto actions within scope of traditional banking
Withdrawing OCC cryptocurrency interpretive letters won’t benefit consumers and investors or promote a safe and secure marketplace, ABA says.
SEC updates regulatory strategic plan
The Securities and Exchange Commission today released a draft strategic plan that calls on the agency to development a “robust” regulatory framework that keeps pace with evolving capital markets, business models and technologies.
CDIAC members discuss economic conditions, top policy issues
Current banking conditions remain “mostly stable, but there are concerns over the longer term given current economic conditions,” members of the Federal Reserve’s CDIAC said during a meeting that took place earlier this year, according to newly published minutes.
Poll: Community bank customers pay attention to digital services
Customers are taking notice as community banks partner with financial technology companies to offer digital banking services, according to a survey released today by digital payments firm Grain Technology.
Trades to CFPB: Banks provide superior customer service
The American Bankers Association joined the Consumer Bankers Association and Bank Policy Institute in asserting that banks provide superior customer service through a variety of channels and tools—including branches, online, mobile applications and telephone—in a comment letter submitted today.
ABA Data Bank: Crypto ad spending craters in summer
Spending on TV ads by cryptocurrency firms fell this summer amid a decline in bitcoin and other crypto prices.
FDIC alleges five crypto companies misled on deposit insurance
The FDIC today sent cease-and-desist letters to five companies that the agency alleges misled consumers into believing that cryptocurrency assets are covered by FDIC deposit insurance.
Financial services execs see talent acquisition as serious business risk
C-suite executives in the financial services sector are more likely to view talent acquisition and retention as a major business risk than their counterparts in other sectors, according to a recent survey of 722 U.S. executives by accounting firm PricewaterhouseCoopers.
Consumers cite security as top reason for choosing bank in poll
Security and fraud protection are replacing “low or no fees” as the top reasons why consumers choose a new bank, according to a new survey of bank customers by the analytics firm Verint.