|
This ABA Banking Journal newsletter is a free, twice-monthly supplement to the ABA Banking Journal magazine intended to help you stay on top of industry and policy news.
You can also stay abreast of banking news by visiting aba.com/BankingJournal, home to ABA Daily Newsbytes stories, digital exclusives, the ABA Banking Journal Podcast and more.
Ask an executive or board member at a bank what nonbank company they most fear, and they’re likely to name the world’s biggest technology company—Apple Inc.—according to a recent survey. (Wall Street Journal)
|
Higher revenue at more than two-thirds of banks and lower litigation costs pushed net income to a level that exceeded the previous mark set in 2013 by $2.6 billion, the FDIC said in its report on industrywide performance. (Bloomberg)
|
Fintech companies are moving rapidly to take advantage of fundamental demographic forces, changing behavior among prospective commercial borrowers and the capacity to use "big data" in highly effective ways to better serve their commercial customers. (Forbes)
|
Techies are calling the upcoming shift in how we will use our credit cards at the store something like "dip the chip." (USA Today)
|
The 2010 Dodd-Frank law required lenders to start providing better data about the loans they make to small businesses, including the race and gender of business owners, the businesses’ revenue and whether the lender approved or rejected loans. (The Wall Street Journal)
|
According to a new report, 38 percent of Millennials between the ages of 18 and 20 say they would switch to a new financial institution if it offered innovative products and services. (Charlotte Business Journal)
|
Masters is betting that the blockchain, the breakthrough that permits people to buy and sell bitcoins without the need for an intermediary, can be used to streamline all manner of financial transactions. (Bloomberg)
|
To provide the tools needed to stop financial crimes, AARP and the American Bankers Association Foundation (ABA Foundation) recently announced a campaign to fight fraud and exploitation of the 50-plus and their families. (AARP)
|
Large banks have been fleeing the government’s mortgage insurer of last resort, arguing they have been unjustly penalized for some troubled loans. Now, the Obama administration is trying to make the program more attractive to lenders. (Wall Street Journal)
|
Any efforts made by the Consumer Financial Protection Bureau to "normalize" data in its consumer complaints database—that is, weighting it to account for differences that may distort interpretations of the raw data—would be fruitless to consumers without efforts to ensure the accuracy and integrity of complaint information. (ABA Banking Journal)
|
The Federal Reserve is heightening scrutiny of how large U.S. banks track trillions of dollars of payments that flow through its systems each day, as increasing volatility in the stock market underscores the importance of banks’ monitoring their money. (Wall Street Journal)
|
September 27-October 2
Emory Conference Center & Hotel, Atlanta, GA
September 27-October 2
Emory Conference Center & Hotel, Atlanta, GA
October 4-6
Hyatt Regency Denver, Denver, CO
October 12-14
JW Marriott Grande Lakes, Orlando, FL
|
|
