Tag Archives: payments system

Fed’s Powell: Banks Needed at Center of Payments System

As the push for faster payments in the U.S. intensifies, and as a variety of businesses enter the payments space, banks continue to have a “key role” in facilitating payment innovations, Federal Reserve Governor Jerome Powell said in a New York speech yesterday.

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ABA, Groups Offers Feedback on Proposed Reg CC Changes

In a joint comment letter with five financial trade groups today, the American Bankers Association wrote to the Federal Reserve in support of proposed amendments to address situations involving disputes about whether portions of an electronic check has been altered or whether the item is a forgery.

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