Browsing: Payments

Newsbytes

In a letter to the Federal Reserve yesterday, a group of six financial trade associations—including the American Bankers Association and the Independent Community Bankers of America—described the ongoing harm that the Durbin Amendment has caused to consumers and community banks and called for its repeal and expressed concerns about the risks from current and potential future proposals to change Regulation II (Durbin’s implementing regulation).

Newsbytes

As part of its ongoing effort to enhance cross-border payments, the Financial Stability Board is conducting a survey to collect feedback on how existing national and regional data frameworks interact with and affect the functioning, regulation and supervision of cross-border payment arrangements.

Newsbytes

Ahead of a House Financial Services Committee hearing on digital assets today—at which the heads of several cryptocurrency firms will testify—the American Bankers Association submitted a statement for the record emphasizing the need for bank-like regulations for companies offering digital assets to consumers.

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