CFPB Pushes Rule to Stop Oversight of Nonbanks
The Consumer Financial Protection Bureau is pulling back further from the role it has played in recent years, proposing a rule that would limit its ability to supervise nonbanks. Entities ranging from buy now, pay later services to digital wallets would continue to be exempt from the CFPB’s oversight. “It is essential that the Bureau […]
PayPal Disruption Leads to Fraud Surge at German Banks
Financial institutions in Germany flagged millions of direct debits linked to fraudulent activity following a temporary interruption on PayPal’s platform. In total, payments worth more than $11.7 billion were blocked by banks in an incident where the details have yet to be fully disclosed. PayPal acknowledged experiencing a service disruption that was later resolved. This […]
Exploring the Factors Driving Continued ACH Growth
In just the first half of the year, ACH payment volume grew by 5.5% on a daily average basis, reaching roughly 17.25 billion payments. The growth is even more pronounced in terms of dollar value, with the ACH Network processing $45 trillion in the first half of 2025—a 6.8% increase compared to the same period […]