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.
Addressing security concerns, measures and protocols are essential when the bankers themselves are the ones practicing mobile banking. (ABA Banking Journal)
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Ten key factors to keep in mind next time you prepare to negotiate a core contract.
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As reported by several media outlets earlier this week, Comptroller of the Currency Joseph Otting today announced that he would step down from office on May 29. Brian Brooks, a former vice chairman at OneWest Bank and general counsel at Fannie Mae banker who joined the OCC last month as first deputy comptroller and COO, will serve as acting comptroller upon Otting’s departure. (ABA Banking Journal)
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In a highly anticipated move, the Federal Housing Finance Agency re-proposed a 2018 proposal to establish a new regulatory capital framework for Fannie Mae and Freddie Mac, charting a clear path for the GSEs to exit conservatorship. (ABA Banking Journal)
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The Consumer Financial Protection Bureau has finalized several ABA-advocated changes to the remittance rule, including one that will permanently allow depository institutions to estimate certain fees and exchange rates when making disclosures to their customer about the cost of remittance transfers. (ABA Banking Journal)
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To encourage banks and other depository institutions to engage in responsible small-dollar lending, federal financial regulators today issued long-awaited joint guidance for offering these types of loans to consumers and small businesses. (ABA Banking Journal)
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The OCC today issued its long-awaited final rule making significant changes to the regulations implementing the Community Reinvestment Act—the first overhaul of the CRA framework in more than three decades. (ABA Banking Journal)
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A new video released by the ABA highlights the many ways America’s banks have stepped up to support customers and communities facing unprecedented challenges during the coronavirus pandemic. (ABA Banking Journal)
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With the COVID-19 curve flattening and states beginning to open for business, how are banks preparing for what’s next? (ABA Banking Journal)
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As the coronavirus pandemic and the policy response to it affect businesses and commercial credit, many borrowers are converting revolving and secured cashflow credit facilities to asset-based lending facilities. Ed Gately of MUFG Americas discusses this trend and what it means for borrowers and banks. (ABA Banking Journal)
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The Consumer Financial Protection Bureau has said it would provide flexibility for creditors to resolve billing errors during the coronavirus pandemic. (ABA Banking Journal)
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