ABA, Groups Urge House to Protect EIPs from Garnishment
Along with a coalition of bank trade groups and consumer advocacy organizations, ABA today urged the House to pass S....
Payments
Financial Trades Raise Concerns About Potential OCC Payments Charter
The American Bankers Association joined several financial trade associations today in a letter to Acting Comptroller of the Currency Brian...
From Fuzzy to Focused: Four Ways to Make Your Next Marketing Budget Shine
The lessons learned from the past six months can help us build stronger workforces, better brands and banks that are...
Coin Task Force Issues Statement on Circulation Slowdown
With the COVID-19 pandemic continuing to disrupt the normal circulation of coinage in the U.S. economy, the U.S. Coin Task...
Senate Passes Bill to Protect Economic Impact Payments from Garnishment
The Senate today unanimously passed an ABA-advocated bill that would exempt the CARES Act economic impact payments from garnishment orders.
U.S. Mint Calls on Consumers to Help Address Coin Circulation Problem
With the COVID-19 pandemic disrupting the circulation of coins nationwide, the U.S. Mint today called on the public to help...
Survey: Consumers Show Growing Preference for Contactless Card Payments
Of payment cardholders who are familiar with contactless payments, three out of four prefer using a contactless credit or debit...
Fed to Hold Payments Services Fees Steady for 2021
The Federal Reserve announced today that it will maintain its current fee schedules for priced services for most payments services...
Can My Bank Require Opt-In to Overdraft as a Condition of Receiving a Debit Card?
…and other answers to your compliance questions in the July/August 2020 ABA Regulatory Policy and Compliance Inbox.
New CFPB Study Examines Recent Debt Settlement, Credit Counseling Trends
A new report from the CFPB found “substantial changes in debt settlement activities over the last 13 years,” likely driven...
