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.
Consumer Financial Protection Bureau Acting Director Mick Mulvaney is bringing the agency’s activities within its statutory boundaries, he told attendees at the American Bankers Association’s Government Relations Summit earlier this week. (ABA Banking Journal)
|
Americans’ expectations for home price changes in 2018 remained on par with 2017’s figures, according to results from the Federal Reserve Bank of New York’s 2018 SCE Housing Survey, an annual companion to the Survey of Consumer Expectations. (ABA Banking Journal)
|
Pilot Bank in Tampa, Fla., is a full-service $305 million community bank with a unique wing: private aircraft finance. But this isn’t the world of private jets for business titans, notes Rita Lowman, Pilot Bank’s president, on the latest episode of the ABA Banking Journal Podcast (sponsored by Windstream Enterprise). Instead, it’s a diverse market of piston-driven planes, turboprops, small jets, experimental aircraft and vintage planes—all owned by their pilots. (ABA Banking Journal)
|
The question of how the U.S. financial industry would be reshaped by the end of credit unions’ tax exemption usually gets lost in the well-rehearsed back-and-forth between banks and credit unions over the fairness of the existing system. (American Banker)
|
As part of the ABA Government Relations Summit this week, the American Bankers Association has released a host of new resources to help bankers communicate with their customers and lawmakers about the real-world impact of the industry. On this bonus episode of the ABA Banking Journal Podcast, ABA Chief Communications Officer Peter Cook talks with Evan Sparks about some of these resources and how to use them. (ABA Banking Journal)
|
Consumer confidence rose in April, bouncing back from March’s decline. Currently, the Index stands at 128.7 for April, versus 127.0 in March. The percentage of those surveyed who agreed business conditions were "good" declined slightly; however, those who agreed business conditions were "bad" also went down, declining from 13.3 to 11.3 percent. These results suggest that more people are moderately optimistic about the short-term outlook. (Conference Board)
|
Bitcoin continues its six-week high this week, reporting a 4.4 percent increase on Wednesday. Its gain has ignited renewed consumer interest for other cryptocurrencies, prompting experts to speculate that a new surge in sales is imminent.
(City A.M.)
|
As part of its commitment to expanding the banking industry’s political capability and growing a bipartisan, consensus-minded, pro-banking bench in Congress, the American Bankers Association today released two new TV spots in support of candidates running in the 2018 midterm elections. (ABA Banking Journal)
|
The Treasury Department has eliminated or proposed to eliminate or modify a total of 305 regulations, according to a new report released today. The report highlights the department’s response to President Trump’s executive orders to reduce or eliminate overly burdensome, duplicative or unnecessary government regulations. (ABA Banking Journal)
|
The largest credit unions should be required to file Form 990—the standard return filed by most nonprofit entities—with the Internal Revenue Service, Senate Finance Committee Chairman Orrin Hatch (R-Utah) said in a letter to the IRS’ acting commissioner. (ABA Banking Journal)
|
Apr 24 - May 2
Dallas, TX
Washington, DC
Philadelphia, PA
Nashville, TN
|
|