Fed Finalizes Extended Hours to Facilitate Same-Day ACH
In a move supported by ABA, the Federal Reserve today finalized new operating hours and procedures for the National Settlement...
Payments
Fed Survey: Non-Cash Payments Total $97.04T
More than 174 billion non-cash payments—those made with debit card, credit card, ACH and checks—were made in the U.S. in...
Fintech, Stablecoins, Cross-Border Payments on FSB’s 2020 Agenda
Next year, the FSB expects to tackle fintech developments worldwide, including the growing role of big tech firms in finance;...
Basel Committee Taking a Look at Crypto-Assets, Virtual Currencies
The Basel Committee on Banking Supervision is seeking public feedback on how regulators should incorporate “crypto-assets,” including virtual currencies like...
CFPB Issues Proposal to Extend Critical Remittance Rule Exception
The Consumer Financial Protection Bureau today proposed an American Bankers Association-advocated change to its remittance rule that would permanently allow...
Boston Fed Researchers: CARD Act Limited Young Adults’ Ability to Build Credit
The 2009 Credit CARD Act may have hindered young adults’ ability to build credit histories, according to a new paper...
Fed General Counsel: FedNow Not Open to Nonbanks
Nonbanks should not expect direct access to FedNow, the 24/7/365 payments system the Federal Reserve is developing, according to a...
Small Biz Credit Card Users More Satisfied, More Likely to Switch than Consumer Credit Card Users
While small business credit card customers report significantly higher satisfaction with their credit cards than consumer credit card customers, they...
Consumers Give Bank Mobile Apps Top Marks in Morning Consult Survey
Ninety-five percent of respondents in a recent American Bankers Association/Morning Consult survey rated their bank’s online and mobile app experience...
ABA Calls for Interoperability as Fed Moves Ahead with ‘FedNow’ Service
As the Federal Reserve moves ahead with its plan to develop the FedNow real-time payments settlement service, the American Bankers...
