BPI and TCH Submit Comments to Prudential Regulators on Bank-Fintech Arrangements

The Bank Policy Institute and The Clearing House Association filed a motion to intervene today in Corner Post, Inc. v. Board of Governors of the Federal Reserve System.

In a joint letter, four banking trade associations sent a letter to the Consumer Financial Protection Bureau calling for the Bureau to extend the compliance deadline for its forthcoming rule governing consumer financial data known as Section 1033.

The RTP® network, the real-time payment system that powers a growing and diverse corporate and consumer user base, set new records in Q2, including a notable $1 billion in payments in a single day. 

American Bankers Association, Bank Policy Institute, New York Bankers Association, and The Clearing House respond to the CFPB's legally dubious claim.

America’s banks and credit unions unanimously oppose Regulation II proposal

The RTP^® network is ensuring no one has to wait for their money, especially in 2024. The RTP system, which gives access to account holders’ money immediately, has set new records in Q1 including overall volume and value, a record volume month, and the most transactions in a single day.

Transaction volume on EPN^®, the ACH network from The Clearing House, grew 8% in 2023, outpacing the broader ACH market and continuing impressive yearly growth. In 2023, EPN processed over 19 billion transactions worth $52.4 trillion.

The Clearing House and Bank Policy Institute comment on proposed Section 1033 rulemaking.