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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.
On the verge of a new “roaring twenties,” five principles to help wealth professionals exceed client expectations.
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How financial institutions can pivot to remain competitive in a fast-moving environment.
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With bank M&A in 2021 catching up after a pandemic-induced pause, aggregate deal value in 2022 could near $60 billion, according to S&P Global Market Intelligence analyst Nathan Stovall.
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Credit unions fell behind banks in terms of customer satisfaction, according to the newly released 2021 American Consumer Satisfaction Index.
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A majority of ag lenders—69.7%—reported that overall farm profitability increased in the prior year, due in large part to government support, which is estimated to account for 38% of ag borrowers’ net income, according to the 2021 Agricultural Lenders Survey conducted by ABA and Farmer Mac.
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ABA President and CEO Rob Nichols emphasized the importance of Bank On-certified accounts as a way to promote financial inclusion. “Having access to banking accounts [and] banking products is the building block—the key essential ingredient—to a secure financial future,” Nichols said during a conference hosted by the CFE Fund.
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In a joint letter with the Independent Community Bankers of America and the National Community Reinvestment Coalition, ABA urged lawmakers to schedule an oversight hearing for the National Credit Union Administration, in light of several recent NCUA rulemakings that the groups said “would undermine important statutory guardrails designed to protect low-income consumers.”
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A Tennessee court has issued a temporary injunction blocking the sale of Memphis-based Financial Federal Bank, a subsidiary of FedCorp, to Orion Federal Credit Union.
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ABA and a coalition of financial trade groups expressed opposition to a proposed Small Business Administration direct lending program that has been included in the Biden administration’s “Build Back Better” legislation.
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Bank regulators are “approaching crypto activities very carefully and with a high degree of caution,” Acting Comptroller of the Currency Michael Hsu said at a recent industry event, adding that “we expect banks to do the same.”
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Challenging a recent report from the President’s Working Group on Financial Markets, Federal Reserve Governor Christopher Waller said at a financial stability conference that stablecoins need not be issued only by insured depository institutions.
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A group of Republican senators led by Sen. John Boozman (R-Ark.) raised concerns about a recent effort by the U.S. Postal Service to launch a pilot program offering expanded financial services—including check-cashing services—at certain locations in four U.S. cities.
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