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 — by a judicial ethics panel, which convened to determine whether U.S. Circuit Judge Don Willett needed to recuse himself because...
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 checks constitute a significant portion of business-to-business (B2B) transactions across various industries. In real estate, nearly 21% of B2B transactions...
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 growing trend: check fraud. Last year, the Financial Crimes Enforcement Network (FinCEN), reported a nationwide surge in check fraud, with a notable 23%...
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 a statement Monday (Jan. 22) that it would delay the deadline for comments on the...
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 a statement Monday (Jan. 22) that it would delay the deadline for comments on the controversial proposal to lower maximum interchange fees on debit card […]
January 04, 2024
The calendar has barely turned to a new year — and the Consumer Financial Protection Bureau (CFPB) has already had a fair share of criticism. The most recent volley against...
September 23, 2019
Credit unions (CUs) are facing an ever-shifting financial services landscape. Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments...
September 20, 2024
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 X account for the Trump campaign. Trump proposed the idea at a campaign rally in New York, the Wall Street Journal (WSJ) reported Thursday (Sept. 19). “While working Americans catch […]
April 18, 2024
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 — by a judicial ethics panel,...
October 09, 2023
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) event Monday (Oct. 9) that...
June 22, 2023
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 be affected by expected new...
