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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.
Seamless processes connecting loan officers’ personal service and digital convenience make customers comfortable for the biggest purchase they may ever make.
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Gains in satisfaction from before the coronavirus pandemic boosted overall consumer satisfaction with credit card issuers in 2020, according to the most recent J.D. Power 2020 Credit Card Satisfaction Study.
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Cybersecurity in the financial sector is becoming more integrated with the IT functions, according to a survey of chief information security officers released recently by Deloitte and the Financial Services Information Sharing and Analysis Center.
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The Federal Housing Finance Agency has delayed a 50 basis point fee it had planned to start imposing on Fannie Mae and Freddie Mac refinanced mortgages.
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ABA and the Florida Bankers Association began running new voter education ads last week thanking Rep. Stephanie Murphy (D-Fla.) for her support for Florida families and small businesses during the coronavirus pandemic.
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The Consumer Financial Protection Bureau is beginning its biennial review of the consumer credit card market, as mandated by the Credit CARD Act. The next report is due in 2021.
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Financial innovation can deliver “tremendous benefits” to consumers and help minority depository institutions enhance participation in the mainstream financial system, FDIC Chairman Jelena McWilliams said at a webinar hosted by the American Financial Exchange.
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If banks go into sports relationships with a long-term view, they can find success.
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As new data has emerged, it appears that states that were faster to reopen saw increased coronavirus spread with uneven economic benefits.
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Consumer credit delinquencies rose in all 11 closed-end loan categories in the first quarter of 2020 as the coronavirus pandemic and subsequent economic slowdown began in the U.S., according to the mos recent ABA Consumer Credit Delinquency Bulletin.
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The federal banking agencies have finalized several rules originally issued as interim final rules during the spring weeks of the emergency coronavirus response.
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ABA recently welcomed the bipartisan Rural Equal Aid Act, which would provide six months of payment relief for borrowers using the U.S. Department of Agriculture’s Rural Development loan programs.
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While it is too early to assess the full effects, COVID-19 will permanently reshape commercial real estate in the U.S.
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In a comment letter to the Consumer Financial Protection Bureau, the ABA supported a recent interim final rule granting flexibility under Regulation X for servicers to offer deferral options to borrowers as they transition from forbearances for financial hardships due to the coronavirus pandemic.
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