American Bankers Association (ABA)

40 results about this entity

Period: 15 Apr 2004 - 03 Jun 2024

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Citi suit prompts dispute between CFPB and industry groups

/payments

Citi suit prompts dispute between CFPB and industry groups

A legal case involving how Citi responded to customers who had money stolen via wire transfers has caused a spat between the CFPB and industry associations over the scope of the Electronic Fund Transfer Act (EFTA).

ABA calls on lawmakers to regulate stablecoin issuers like banks

/crypto

ABA calls on lawmakers to regulate stablecoin issuers like banks

The American Bankers Association (ABA) has urged lawmakers to regulate stablecoin issuers like banks, arguing that two bills on the subject, up for debate this week, "fall short".

/security

Report: US skimming fraud exploded in 2022

U.S. card skimming grew by nearly 500% in 2022 and is showing signs it will grow even faster this year, according to a recent analysis by credit scoring services firm FICO.

ABA pushes back at new accessibility rules for ATMs and self-service terminals

The American Bankers Association on Tuesday asked the federal agency responsible for developing technical accessibility standards to exclude ATMs and other bank devices from proposed rulemaking for self-service transaction machines, or SSTMs.

ABA backs Fed's plan for single-day Fedwire ISO 20022 migration in 2023

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ABA backs Fed's plan for single-day Fedwire ISO 20022 migration in 2023

The American Bankers Association is supporting the Federal Reserve's plan to migrate the Fedwire Funds Services to the ISO 20022 message standard in a single day - but says it has "serious concerns" about a lack of detail on testing strategy and requirements for the move.

/payments

American Bankers Association calls for FedNow interoperability with TCH network

In a comment letter to the Federal Reserve today, the American Bankers Association offered feedback on a recent proposal to revise Regulation J to accommodate the new FedNow Service, which is expected to go live in 2023.

American banking lobby hits out at CBDC hype

/crypto

American banking lobby hits out at CBDC hype

The American Bankers Association has adopted a defensive stance over the possible future issuance of a central bank backed digital currency (CBDC), warning lawmakers about real-world trade-offs that could significantly reshape the banking system.

/inclusion

US trade groups issue report addressing financial inclusion challenges

A new report, Delivering Financial Products and Services to the Unbanked and Underbanked in the United States – Challenges and Opportunities, from six trade groups outlines the obstacles and viable solutions for improving financial inclusion, providing access to bank accounts to the unbanked population in the United States, which currently represents approximately 6% of U.S. households, and for reducing utilization of high-cost non-bank financial products and services.

/security

ABA and 1500 member banks launch anti-phishing campaign

The American Bankers Association, together with nearly 1,500 banks serving the vast majority of retail bank customers in the U.S., today launched a first-of-its kind, industry-wide campaign to educate consumers about the persistent threat of phishing scams.

Industry players welcome FedNow faster payments plan

/payments

Industry players welcome FedNow faster payments plan

The American Bankers Association and credit union groups are among those offering their support for the Federal Reserve Board's plans to build a new round-the-clock real-time payment and settlement service.

Visa and Mastercard join Financial Data Exchange

The Financial Data Exchange welcomed eight new members between May 1 and July 31, 2019, bringing the total membership to 55 organizations spanning the full breadth of financial services ecosystem, from financial institutions to data aggregators, banking core processors and fintechs.

Rakuten to apply for US banking charter

Rakuten to apply for US banking charter

The American Bankers Association has hit out at plans by Japanese e-commerce giant Rakuten to apply for a banking charter in the US.

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