Rep. McHenry: Congress Must Lead on CBDC
Speaking at the American Bankers Association Washington Summit today House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) outlined his...
Payments
Crypto, Stablecoins Top Rep. Waters’ Agenda for 2022
The House Financial Services Committee will increase its focus on cryptocurrencies, including stablecoins, in 2022, Committee Chairwoman Maxine Waters (D-Calif.)...
The Clearing House: ACH Transaction Volume on EPN Network Outpaces National Level
As bank customers increasingly turn to electronic payments, the Clearing House today announced that transaction volume on EPN, its ACH...
Russian Banks Denied Access to Swift; Biden Sanctions Putin
As the conflict in Ukraine continued to escalate over the weekend, President Biden and several world leaders agreed to block...
Fed’s Bowman ‘Struggles’ to See CBDC Use Case
While the Federal Reserve seeks public comment on the benefits and risks of creating a central bank digital currency, Fed...
Brainard: Federal Reserve Needs to Prepare for Payment Landscape of the Future
In remarks at an industry event today, Federal Reserve Governor Lael Brainard said that the Fed needs to be preparing...
Coin Task Force Issues Paper on Coin Circulation Slowdown
The U.S. Coin Task Force has released a new paper on the state of the coin supply chain in the...
Podcast: Providing Liquidity for Small Businesses Amid Supply Chain Kinks
Amid persistent inflation and supply chain kinks, small businesses are finding more and more that "cash is king," especially as...
CFPB Issues Compliance Bulletin on Use of Prepaid Cards for Government Benefits
The CFPB today released a compliance bulletin reiterating that the Electronic Fund Transfer Act and its implementing regulation, Regulation E,...
FTC: Romance Scam Losses Hit Record High in 2021
Romance scams are on the rise, with consumers losing $547 million to them in 2021 alone, according to new data...
