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.
A startup led by two former Google engineers recently unveiled a cloud-based "operating system" for banks meant to bring the infrastructure at the heart of finance into the 21st century. (Business Insider)
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Wells Fargo is offering Amazon.com customers discounted interest rates on private student loans, creating a partnership with the online retail giant at a time when private lenders are fighting for market share. (Washington Post)
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Ever since Bitcoin was introduced in late 2008, the blockchain code that underpins the cryptocurrency has been the source of hope and fear – and much hype. (Forbes)
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Unless you have been under a stack of CECL analyses, you have undoubtedly heard about Pokémon Go, the mobile game that has caught on like no other. (ABA Bank Marketing)
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Americans bought more homes in June, the fourth straight monthly gain as the sales rate reached its highest level in more than nine years. (New York Times)
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There’s been much conversation recently about how banks can successfully incorporate technology solutions to meet changing customer expectations. But where the rubber really hits the road is in how effective banks can be when integrating these technologies with their core processing systems. For community banks, that means building a collaborative working relationship with the core provider. (ABA Banking Journal)
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Wells Fargo's CEO, speaking at a Bay Area Council event in May, said he'd prefer to see an easing of the regulatory burden on small banks so these institutions could pour more money into technology, cybersecurity and small business financing, noting the importance of the community bank in the small Minnesota town in which he was raised. (San Francisco Business Times)
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Banks continue to make significant strides in the area of third party risk management — though many are concerned about a lack of knowledge and not having the appropriate tools to efficiently assess and manage vendor risk — according to a study published by Ernst & Young. (ABA Banking Journal)
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The leader of the ABA made it clear this week that the Washington-based industry group isn’t pleased with the news that the Democratic and Republican platforms will include language calling for the return of the 1933 Glass-Steagall Act that separated consumer and investment banking functions. (Morning Consult)
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Regulators’ efforts to simplify Basel III’s already-complex capital requirements could layer on additional complexity as new rules are issued, ABA VP Hugh Carney cautioned in an American Banker op-ed. (ABA Banking Journal)
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A bipartisan group of 70 senators wrote to the Consumer Financial Protection Bureau recently, calling on the agency to exempt community banks and credit unions from certain regulations. (ABA Banking Journal)
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ABA wrote to Rep. Kurt Schrader (D-Ore.) in support of his Overtime Reform and Enhancement Act, which would provide a gradual, three-year phase-in for the Department of Labor’s controversial overtime rule. (ABA Banking Journal)
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The global Financial Stability Board — made up of the U.S. Treasury and its counterparts in other developed countries — published a progress report on its efforts to reform interest rate benchmarks such as the London Interbank Offer Rate, or Libor. (ABA Banking Journal)
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The Dodd-Frank financial reform law has cost the average household $310, according to a new study that finds Dodd-Frank has led to $36 billion in regulatory costs since it was passed in 2010. (The Hill)
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September 18-20
Scottsdale, AZ
September 19-21
Charleston, SC
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