FinCEN, Fed withdraw proposal to lower international fund transfer recordkeeping threshold
FinCEN and the Federal Reserve are withdrawing a proposed rule that would have significantly shrunk the dollar threshold for banks ...
Tag: Payments system
ABA supports Nacha defining ‘banking day’
In a recent letter, ABA expressed support for a Nacha proposal to formalize the definition of “banking day” in its ...
ABA: International payment transparency standards need more work
A recent effort by the Financial Action Task Force to improve cross-border payment transparency is commendable, but there are additional ...
ABA, CBA urge Fed to strengthen safeguards for proposed ‘payment accounts’
The Federal Reserve’s proposed payment account framework is a prudent approach to responsible innovation if additional safeguards are adopted to ...
ABA raises concerns about proposed ACH return timeframe revisions
ABA said it opposes a proposal by Nacha to modify Automated Clearing House return timeframes, pointing to the high costs ...
ABA offers principles to guide changes to payments system access
As policymakers consider proposals related to payment system access, such as new chartering models and Federal Reserve account access, they ...
The Clearing House to launch tokenized deposits system for banks
A group of the nation’s largest banks announced today that the Clearing House is launching an initiative to enable the ...
Nacha reports growth in same-day ACH payments
ACH processed 403 million same-day payments in the first quarter of 2026, up 23.6% from the same period last year, ...
The CEA studied the wrong question on stablecoin ‘yield’ and community banks
The CEA paper minimizes the core risk by starting from the wrong question. There is already ample evidence and analysis ...
FDIC rescinds guidance on representment NSF fees
The FDIC rescinded a 2023 financial institution letter that had stated that banks’ charging representment nonsufficient funds fees may be ...
