January 31 – The credit card market continued to gain steam in last year’s third quarter as the economy strengthened, according to the American Bankers Association’s latest Credit Card Market Monitor. On an annual basis, monthly purchase volumes rose between 6 and 9 percent across risk tiers (subprime, prime, and super-prime), consistent with a tightening labor market and rising consumption levels. (more…)
Association Updates - Page 2
January 25 – A federal district court dismissed the Independent Community Bankers of America’s lawsuit against the National Credit Union Administration and its member business lending rule, stating that the grievances were not timely and that ICBA lacked standing. (more…)
January 30 – The U.S. Payments Forum has released its winter 2017 market snapshot, providing updates on the status of the U.S. EMV chip migration, 2017 priorities for accelerating merchant chip enablement and securing the card-not-present channel, and recently-released resources for the payments industry. The U.S. Payments Forum, a cross-industry body focused on deployment of new and emerging payments technologies in the U.S., has been the source for EMV implementation guidance since the start of the migration in 2012, and recently expanded its scope to support the introduction and implementation of additional new and emerging payment technologies.
January 24 – FinXTech, powered by Bank Director, has announced its 2017 Advisory Group comprised of a select number of technology startup founders, established technology providers, innovation leaders in banking, investors and government and non-government policy leaders – all of which make up the FinXTech ecosystem.
January 25 – Following news that President Trump has signed an order withdrawing the United States from the Trans Pacific Partnership, the American Farm Bureau Federation has released a statement expressing concern. (more…)
January 10 – The Independent Community Bankers of America has unveiled its 2017 Plan for Prosperity regulatory relief platform for the 115thCongress. The new Plan for Prosperity, which was also shared with the Trump transition team and key Congressional offices, is a pro-growth regulatory relief agenda that outlines a set of aggressive measures that would eliminate onerous regulatory burdens on community banks that stifle lending and innovation.
January 10 – Delinquencies in closed-end loans and bank cards rose in last year’s third quarter but remain near historical lows, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Delinquencies rose in five and fell or stayed unchanged in six of the 11 individual loan categories compared to the previous quarter.
January 10 – Wikipedia, the world’s largest online encyclopedia, has approved an entry for the ATM Industry Association at the beginning of the association’s 20th year.
January 10 – Contactless payments have become one of the most popular ways to pay globally with usage in countries such as the U.K., Canada and Australia growing every day. As U.S. merchants and issuers look to move towards faster, more convenient payments, the Smart Card Alliance is providing new resources, including two infographics and a Q&A to outline benefits and security considerations for contactless payments in the U.S.