Washington, D.C. — The following statement was issued by the American Bankers Association, Bank Policy Institute, Consumer Bankers Association and The Clearing House in response to the report Senator Elizabeth Warren (D-Mass.) released on Zelle fraud earlier today: “Today’s report from Sen. Warren fails to acknowledge that 99.9% of the 5 billion transactions processed on the …

BPI supports calls for CFPB to regulate data aggregators, ensure sensitive customer data remains private and secure Washington, D.C. – The Bank Policy Institute expressed support today for a petition to the Consumer Financial Protection Bureau calling on the Bureau to exercise its authority to supervise and examine data aggregators. What BPI is saying: Paige …

Washington, D.C. – Payments fraud received significant attention at the recent congressional hearings featuring the seven largest retail banks. The focus was on Zelle because the witnesses were bank CEOs but, for any real discussion of online fraud, the focus belongs elsewhere. Contrary to some recent accusations: Zelle is the safest peer-to-peer network. The share …

Stories Driving the Week Is Climate Really a Financial Stability Risk or Solvency Risk for Large Banks? To meet the needs of the global carbon transition, banks are building risk management capabilities and committing to Paris Agreement goals. But the economic risks of the low-carbon transition and the physical risks of severe weather events do …