WalletHub: Credit card debt balloons as inflation persists
As consumers continue to face challenges due to elevated inflation, new data from WalletHub suggests that many are leaning more...
Payments
Poll: Financial institutions see low demand for crypto
Relatively few executives at financial institutions said customers were requesting cryptocurrency options in a recent survey by the digital banking...
FedNow instant payments service to launch by July
The pilot program is slated to enter technical testing next month.
ABA report: Credit card market continued to normalize in Q1 2022
Consumers continued to manage their credit well in the first quarter of 2022, a sign of continued U.S. consumer strength...
Credit card spending wanes as alternative payment options grow
Consumers have reduced the proportion of purchases they charge to credit cards over the past year as their financial stress...
ABA, financial trade groups oppose Durbin expansion bill in letter to Congress
ABA joined a broad coalition of state bankers associations and credit union associations in a strongly worded letter sent Friday...
ABA leads opposition to ‘deeply flawed’ effort to expand Durbin routing provisions to credit cards
ABA joined with eight other financial services trade groups in united opposition to a bill introduced today by Sens. Roger...
Combating check fraud: Still a major challenge in the digital age
Innovations in account registration have given fraudsters just as much convenience as customers. Although check use is not as common...
Treasury solicits public input on digital asset development
The request follows an executive order directing agencies to report on the implications of the development and adoption of digital...
FSB exploring options for adopting Legal Entity Identifier for cross-border payments
The Financial Stability Board today released a report on how the Legal Entity Identifier—a unique alpha-numeric code that provides for...
