Aba news and trends

ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap

December 16, 2024
payment card being swiped at POS
A Primer on US Stablecoin Regulations
Cryptocurrency // August 23, 2022

Lawmakers and regulators say we can expect a set of guide rails for the stablecoin business by year’s end. Here’s a look at the issues and the major pieces of legislation driving the discussion. There are a couple of major policy points that define the...

Email Scam Victim Sues Bank Claiming Lack Of Fraud Protection
Security & Fraud // February 23, 2020

Police and financial institutions are battling to contain a wire transfer email hacking scam that is costing individuals and businesses billions, The Wall Street Journal (WSJ) reported on Sunday (Feb. 23).  In one major example in 2018, Frank Krasovec, the chairman of Dash Brands, owner of...

Deep Dive: Credit Unions Like And Subscribe To Social Media
Credit Unions // September 25, 2019

  Social media has become a cornerstone of everyday life over the last few decades, with 72 percent of Americans using social media today, a dramatic increase from the mere 5 percent that Pew Research Center first tracked in 2005. Corporate entities have gained larger...

Amid Job Market Growth, Consumer Delinquencies Wane
Debt // April 04, 2018

Economic tailwinds are helping consumers make timely loan payments. As American Banker reported Wednesday (April 4), delinquent payment rates waned a bit in the fourth quarter of last year, with late payments to banks slipping. The financial publication noted that those late payments were lower...

Quick Reads
ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap

December 16, 2024
The American Bankers Association (ABA) said the proposed amendments to Regulation II that would cap debit card interchange fees are “fundamentally flawed and should not be finalized.” In a Thursday (Dec. 12) letter addressed to Federal Reserve Board Chair Jerome H. Powell, ABA Senior Vice President and Executive Director of the Card Policy Council Tom […]

Email Scam Victim Sues Bank Claiming Lack Of Fraud Protection

February 23, 2020
Police and financial institutions are battling to contain a wire transfer email hacking scam that is costing individuals and businesses billions, The Wall Street Journal (WSJ) reported on Sunday (Feb. 23). ...

Amid Job Market Growth, Consumer Delinquencies Wane

April 04, 2018
Economic tailwinds are helping consumers make timely loan payments. As American Banker reported Wednesday (April 4), delinquent payment rates waned a bit in the fourth quarter of last year, with...

Bank Lobbyists No Longer Optimistic Re: Dodd-Frank Revamp

March 23, 2017
The banking industry may have awoken the day after the presidential election with high hopes, which continued right up until just about the present day. But now the question looms...