PAYMENTS NEWS
Early Warning pitches Zelle to Treasury
Jul 1, 2025
The company that owns the peer-to-peer service Zelle suggested the U.S. Treasury Department use that tool to replace checks with digital payments.
Visa loses bid to toss DOJ debit lawsuit
Jun 25, 2025
A New York federal judge ruled U.S. Department of Justice allegations that the card network has a monopoly in the U.S. debit card industry are plausible at this stage of litigation.
Senators push payments fraud task force
Jun 23, 2025
A proposed bipartisan bill would bring together regulators and law enforcement to formulate measures aimed at reducing payment scams.
Federal Reserve targets fraud
Jun 23, 2025
Federal agencies took aim at payments fraud Monday, proposing more collaboration, including with states, to combat the rising problem.
Zelle owner taps Fiserv to jump-start mobile wallet
Jun 23, 2025
https://www.americanbanker.com/payments/news/zelle-owner-taps-fiserv-to-jump-start-mobile-wallet
Senate stablecoin bill passes with bipartisan support
Jun 23, 2025
The Senate's stablecoin bill passed through the upper chamber by a vote of 68 to 30 vote on Tuesday.
Illinois interchange law delayed, but risks for banks remain
Jun 23, 2025
Illinois Gov. J.B. Pritzker signed a bill delaying the implementation of a ban on interchange fees on taxes and tips, a measure that bank groups have strongly opposed since the state law was passed last year.
The Senate just advanced a bill to regulate stablecoins—what the GENIUS Act could mean for crypto and other investors
Jun 13, 2025
The U.S. Senate voted on Wednesday to advance the Guiding and Establishing National Innovation for U.S. Stablecoins, known as the GENIUS Act, setting it up for a final floor vote in the coming days.
The CCCA Goes Into Limbo As a ‘Clean’ GENIUS Bill Advances
Jun 12, 2025
Efforts to attach the Durbin-Marshall Amendment to the proposed GENIUS Act, a bill to regulate stablecoins, have failed. The Senate moved late Wednesday to advance the stablecoin bill without any amendments.
CFPB lawsuit hinges on Trump's 'faithful' execution of laws
Jun 11, 2025
President Trump's efforts to unilaterally and radically reduce the workforce at the Consumer Financial Protection Bureau is teeing up a rarely-considered constitutional question: if Congress makes the laws and the president enforces them, can the courts intervene if they think those laws are not being enforced "faithfully?"
New York legislature pushes ban on cashless stores
Jun 11, 2025
Battle Lines Harden Over a Proposed CCCA Amendment to the GENIUS Act
Jun 5, 2025
The Teamsters Union, along with labor unions in the retail and food-service sectors, sent a letter to Congress Wednesday supporting the Durbin Marhsall Amendment to the GENIUS Act, a bill to regulate stablecoins.
Illinois Delays Implementation of Its First in the Nation Interchange Law
Jun 2, 2025
Illinois lawmakers extended the implementation date for the Interchange Fee Prohibition Act by 12 months early Sunday to July 1, 2026.
Musk departs White House, leaving CFPB in limbo
May 29, 2025
Elon Musk is leaving the Trump administration after guiding some of President Donald Trump's most radical attempts to dissolve government agencies, including efforts to greatly diminish the headcount at the Consumer Financial Protection Bureau.
Trump's CFPB reverses course on 1033 open banking rule
May 28, 2025
The Consumer Financial Protection Bureau signaled that its embattled consumer financial data rights rule may soon be nullified, according to a legal filing submitted just before Memorial Day weekend.
Why Decentralized Computing Models Are Gaining Momentum
May 27, 2025
By building around a model whereby users must find the most energy-efficient sources to unearth new assets, bitcoin mining helped to create a new system of computing.
Durbin, Marshall push credit card amendment
May 23, 2025
Sens. Roger Marshall and Dick Durbin aim to add their Credit Card Competition Act legislation to the GENIUS stablecoin bill advancing in Congress.
How CCCA Sponsors See an Opportunity to Advance the Bill
May 22, 2025
Sponsors of the Credit Card Competition Act saw the passage of the GENIUS Act on a preliminary vote as an opportunity to give the CCCA new life in advance of plans to reintroduce the legislation in the current Congress.
BankThink Agentic AI and blockchain technology are a powerful combination
May 21, 2025
Throughout history there have been very few moments when two transformational technologies emerge in parallel — and it's even rarer that their paths converge in ways that amplify each other's strengths. This is exactly, however, what we're currently witnessing with artificial intelligence and blockchain.
Visa, Mastercard $5.5B settlement advances
May 21, 2025
Plaintiffs in the card network litigation say problematic third-party communications regarding claims has declined since a February filing deadline passed.