The latest findings from the FINRA Foundation’s National Financial Capability Studysuggest that key measures of Americans’ financial capability may have plateaued after six year of substantial improvements. The new study found that both the amount and quality of financial education correlated positively with behaviors indicative of financial capability. (Think Advisor)

Midsize banks are at an inflection point: Their ranks are growing as banking sector consolidation continues, and while these banks are ramping up their risk and compliance functions, they don’t need the same kinds of programs as the largest banks. (ABA Banking Journal)

Finance chiefs from the Group of Seven rich democracies issued a stark warning this week that cryptocurrencies like Facebook’s Libra should not be allowed before “serious regulatory and systemic concerns” are put in check. (Associated Press)

As more and more people rely solely on digital channels to meet their banking needs, the importance of social media as a two-way communication channel grows. (ABA Bank Merketing)

This op-ed, co-authored by by ABA President and CEO Rob Nichols and CUNA CEO Jim Nussle, calls on COngress to address the cannabis banking problem by passing the SAFE Banking Act which would allow banks and credit unions to better serve their communities. (FOX Business)

In a significant move, the Financial Accounting Standards Board has voted to propose a delay for the implementation of the current expected credit loss standard until January 2023 for certain companies. (ABA Banking Journal)

Following an executive order by President Trump, the Treasury Department and IRS have issued guidance expanding the preventative care benefits that may be provided by high-deductible health plans linked to Health Savings Accounts for a range of chronic conditions. (ABA Banking Journal)

The Consumer Financial Protection Bureau has released an advisory to financial institutions for reporting suspected elder financial exploitation. (ABA Banking Journal)

Business email compromise schemes—though which fraudsters target businesses and their fund transfers—generated more than $300 million a month in illicit revenue during 2018, according to the Financial Crimes Enforcement Network. As it works to combat this type of fraud, the agency issued a trend analysis of business email compromise schemes, as well as an updated advisory for financial institutions. (ABA Banking Journal)

The ABA and 52 state associations wrote to the heads of the financial regulatory agencies urging them to allow the early adoption of relief provisions included in the recently finalized capital simplification rule. The rule simplifies the Basel III regulatory calculations for all but the very largest banks, simplifying the treatment of assets subject to common equity tier 1 threshold deductions and limitations on minority interest. (ABA Banking Journal)