California’s Overdraft Fee Ban Takes Effect
California’s ban on overdraft fees at ATMs went into effect at the start of the year. Coupled with the Consumer Financial Protection Bureau’s new rule last month limiting overdraft fees to $5, this could signal the beginning of the end for these charges. The new California law prohibits state-regulated banks and credit unions from imposing […]
Debit Payments Could Drive the Future of Open Banking
In a dynamic payments market, debit cards can be a bit staid. However, consumers continue to favor their reliability over cash, making them an increasingly popular choice for digital payments in mobile wallets. This year, debit payments are set to advance their digital capabilities, adopt real-time payment use cases, and drive pay-by-bank adoption. In the […]