ABA Data Bank: Credit Card Rewards Provide Value to Consumers of All Income Levels
Most credit card holders have active rewards cards, including more than three-quarters of balance-active cardholders with a household income less...
Payments
ABA Report: Credit Card Rewards Valued by Consumers of All Income Levels
Credit card rewards are accessible, valuable and well-understood by consumers across all income levels, according to a new report released...
Consumers Pay Down $56.5 Billion Credit Card Debt in First Quarter
Consumers paid down $56.5 billion in credit card debt in the first quarter of 2021, a 51% larger pay down...
Fed Proposes Changes to Reg J to Accommodate FedNow
The Federal Reserve today proposed to create a new subpart of Regulation J that would provide a “comprehensive set of...
Fed Issues Proposal Aimed at Improving Intraday Liquidity Management
The Federal Reserve today asked for comments on proposed changes to its payments system risk policy that would expand access...
Brainard: Federal Reserve Sharpening Focus on Central Bank Digital Currency Research
In remarks at a virtual industry event today, Federal Reserve Governor Lael Brainard said the Federal Reserve is sharpening its...
Federal Reserve to Explore Central Bank Digital Currency
The Federal Reserve plans to publish this summer a discussion paper exploring the implications of issuing a U.S. central bank...
Arab Bank Executive Elected BAFT Chair
BAFT, the American Bankers Association’s global transaction banking subsidiary, has named Maram Al-Jazireh as chair of its board for the...
Report: Credit Card Purchase Volume Rises in Fourth Quarter of 2020
Credit card monthly purchase volumes increased in the fourth quarter of 2020, rising 7% for super prime accounts, 8.6% for...
ARRC Releases Guide to Published SOFR Averages
The Alternative Reference Rates Committee—of which the American Bankers Association is a member—today released a new guide to published Secured...
