CFPB proposes banning NSF fees for instantaneous transactions
The CPFB proposed what it characterized as a “proactive step” to prevent banks and other financial institutions from charging fees for transactions that are instantaneously declined.
The CPFB proposed what it characterized as a “proactive step” to prevent banks and other financial institutions from charging fees for transactions that are instantaneously declined.
Middle market businesses don’t get all the love or the press, but they are critically important nonetheless. Here’s the outlook for this sector going into 2024.
Julieann Thurlow, ABA’s 2023-24 chair, unites financial inclusion and financial innovation.
Corporate CFOs and finance leaders are “best leading indicators.” says Stephen Philipson, head of global markets and specialized finance at U.S. Bank. “They always have to be looking ahead.”
The ACH Network saw significant growth in same-day ACH payments in the first half of 2023, according to figures released by Nacha.
The Federal Reserve today officially launched its FedNow service for instant payments. Banks of all sizes can sign up and use the tool to instantly transfer money for their customers at any time of day, the agency said.
After years of being “FedSoon,” the Federal Reserve’s instant payment network FedNow is preparing to go live this summer. What do banks need to know in the final months before launch?
The Federal Reserve’s FedNow instant payments service will begin operating in July, the agency announced this week.
Something old, something new: In 2022, check fraud remains a focus of bank risk professionals, while instant P2P payments are an increasingly popular platform for scammers seeking to take advantage of consumers.
The Basel, Switzerland-based organization identified three priorities for the payment program’s next phase