Through the past few months, as cryptocurrency regulations have been reshaped by the President Donald Trump administration, crypto firms have applied for national trust bank charters, which would expand the range of services they offer. Depending on the firm, the charters would grant the ability...
Four financial industry trade associations said Monday (June 9) that federal agencies should limit their data collection to “only what is necessary” after a series of cybersecurity incidents targeted those agencies. The groups said this in a Monday letter addressed Treasury Secretary Scott Bessent and...
American banking groups want the Securities and Exchange Commission (SEC) to revoke its cybersecurity incident disclosure requirements. These groups, led by the American Bankers Association (ABA), wrote to the SEC last week, contending that disclosing cybersecurity incidents “directly conflicts with confidential reporting requirements intended to...
PYMNTS Intelligence has spotlighted the appeal of on-demand wages, as the ability to break free from the two-week pay cycle allows workers to manage cash flow and their expenses in a more fluid manner. In the “No-Wait Wages: Leveraging Instant Payments to Boost Employee Satisfaction”...
September 18, 2025
Fraudsters, aided by advanced technologies, pose a pervasive and escalating threat to the financial system, financial services and risk experts told lawmakers on Capitol Hill Thursday (Sept. 18). A House Financial Services Committee oversight and investigations subcommittee hearing titled “Fraud in Focus: Exposing Financial Threats to American Families” brought together experts to discuss the changing […]
July 24, 2025
Through the past few months, as cryptocurrency regulations have been reshaped by the President Donald Trump administration, crypto firms have applied for national trust bank charters, which would expand the...
April 01, 2025
Witnesses from the ranks of business and banking told lawmakers that efforts to fight payment and investment scams must be aided by a “whole government” approach, along with fine-tuning of...
January 24, 2024
The debate over debit card interchange fees — and the cap on those fees — looks set to rage for at least a few more months. The Federal Reserve said in...
June 09, 2025
Four financial industry trade associations said Monday (June 9) that federal agencies should limit their data collection to “only what is necessary” after a series of cybersecurity incidents targeted those agencies. The groups said this in a Monday letter addressed Treasury Secretary Scott Bessent and sent in response to recent cyber incidents at the department […]
May 26, 2025
American banking groups want the Securities and Exchange Commission (SEC) to revoke its cybersecurity incident disclosure requirements. These groups, led by the American Bankers Association (ABA), wrote to the SEC...
December 24, 2024
Five groups representing banks and businesses sued the Federal Reserve on Tuesday (Dec. 24), saying its current stress testing framework is “opaque” and violates the law. The complaint was filed...
December 23, 2024
The Merchants Payments Coalition is urging the Federal Reserve to quickly finalize the Fed’s proposal to reduce the fees banks are allowed to charge merchants to process debit card transactions....