American Bankers Association

Donald Trump Proposes Temporary 10% Cap on Credit Card Interest Rates
Donald Trump Proposes Temporary 10% Cap on Credit Card Interest Rates
September 20, 2024  |  Credit Cards

Donald Trump wants to put a temporary cap on credit card interest rates at 10%, according to a Wednesday post on X by the official...

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Judge in CFPB Credit Card Lawsuit Avoids Recusal
Judge in CFPB Credit Card Lawsuit Avoids Recusal
April 18, 2024  |  Legal

A judge in the banking industry/CFPB legal battle can remain on the case. That’s according to a ruling — made public Thursday (April 18) by Reuters —...

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Digital Payments Turn the Tables on Check Scams
Digital Payments Turn the Tables on Check Scams
April 17, 2024  |  Fraud Prevention

Despite the prevalence of digital alternatives, checks continue to be a preferred payment method for many organizations. PYMNTS Intelligence research underscores this trend, revealing that...

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Banks Advocate Digital Payments as Defense Against Check Fraud
Banks Advocate Digital Payments as Defense Against Check Fraud
March 21, 2024  |  Security & Fraud

Despite the growing adoption of digital payment solutions worldwide, financial institutions (FIs) continue to process billions of checks each year, setting the stage for a...

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Debate Over Debit Interchange Caps Set to Heat Up as Commentary Deadline Is Pushed Out
Debate Over Debit Interchange Caps Set to Heat Up as Commentary Deadline Is Pushed Out
January 24, 2024  |  Bank Regulation

The debate over debit card interchange fees — and the cap on those fees — looks set to rage for at least a few more...

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Smaller Banks Warn of ‘Significant Impact’ From CFPB’s Proposed Overdraft Fee Regulation
Smaller Banks Warn of ‘Significant Impact’ From CFPB’s Proposed Overdraft Fee Regulation
January 04, 2024  |  Bank Regulation

The calendar has barely turned to a new year — and the Consumer Financial Protection Bureau (CFPB) has already had a fair share of criticism....

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Fed Bank Watchdog Defends New Capital Requirements
Fed Bank Watchdog Defends New Capital Requirements
October 09, 2023  |  Bank Regulation

Michael Barr wants American banks to see new capital requirements as a help, not a hinderance. The Federal Reserve’s vice chair for supervision said at an American Bankers Association (ABA)...

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Federal Reserve’s Powell: Smaller Banks to Be Exempt From New Capital Requirements
Federal Reserve’s Powell: Smaller Banks to Be Exempt From New Capital Requirements
June 22, 2023  |  Banking

Federal Reserve Chair Jerome Powell announced in a Senate Banking Committee hearing on Thursday (June 22) that smaller banks with assets below $100 billion will not...

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With Routing Number, Crypto Exchange Kraken’s Bank Closing in On Global Payments Rails
With Routing Number, Crypto Exchange Kraken’s Bank Closing in On Global Payments Rails
March 28, 2022  |  Cryptocurrency

The banking arm of cryptocurrency exchange Kraken is one step closer to gaining full access to the global payments system. By granting a routing number...

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