FDIC releases 2025 figures for consumer protection violations
The FDIC cited 1,155 violations of consumer protection statutes and regulations in 2025, representing a decline from the year before, ...
Tag: Payments system
FTC issues ‘debanking’ warnings to payment companies
The Federal Trade Commission sent letters to four payment service providers to warn them from engaging in alleged “debanking” activities.
National bank preemption and the integrity of the U.S. payments system
At stake is more than a single fee. It is the continued integrity of a national banking system that supports ...
Bowman: Kraken master account approval was ‘pilot’ for nonbank access to Fed system
The decision of the Kansas City Fed to approve a limited master account for crypto firm Kraken was designed as ...
ABA: Fed decision grants crypto firm payment account creates risks for consumers
Kraken Financial has been granted a one-year, limited-purpose master account by the Kansas City Fed, the first crypto firm to ...
The digital asset landscape
How banks of all sizes are planning for the future of stablecoins, tokenized deposits and other digital assets.
How the Durbin Amendment hurt consumers — and why expanding it would hurt more
New research from a one-time Durbin defender shows debit card interchange fee caps distorted the payments ecosystem and failed to ...
RTP network surpasses 2M single-day payments
The RTP network processed 2.05 million payments earlier this month and reached a single-day value record of $8.36 billion a ...
Fed’s Waller seeking ‘middle lane’ on ‘skinny’ master accounts
Federal Reserve Governor Christopher Waller provided an update on the feedback the Fed received about a proposal to create “skinny” ...
ABA offers recommendations for mitigating risk in proposed ‘skinny’ accounts
A proposal to create “payment accounts” to provide basic Federal Reserve payment services requires “careful design and robust risk mitigants” ...
