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.
Financial institutions will benefit by embracing innovation and being proactive during breaking developments.
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Bank marketers increasingly hold senior positions, and their responsibility appears to be broadening across multiple strategically important areas.
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In an environment of hiring challenges, cost inflation, supply chain woes and post-pandemic recovery, small business owners are busier than ever. “Sometimes small business owners don’t even have time to spend with their families,” says KeyBank SVP Kristyn Squires.
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Ramping up production of these essential components is complex and requires billions of dollars in investment and years to come online. Other trends such as increased demand for electric vehicles and green energy are creating a sustained surge in demand for relevant raw materials.
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ABA and the Consumer Bankers Association have expressed support for the Consumer Financial Protection Bureau’s recent announcement that it will increase nonbank supervision.
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In a detailed comment letter to the FDIC, ABA called for updates to the agency’s 25-year-old guidelines regarding bank merger transactions, acknowledging the significant changes that the financial services industry has undergone since they were originally put in place.
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As lawmakers attempt to reconcile the House and Senate versions of the America Competes Act, the Conference for State Bank Supervisors today advocated for the SAFE Banking Act to be included in the final version of the bill.
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Amid the growing ownership of digital assets like cryptocurrencies, ABA and the Securities Industry and Financial Markets Association on Friday asked the Securities and Exchange Commission to provide key clarifications and delay the effective date of its staff accounting bulletin on crypto assets.
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ABA joined a broad coalition of more than 40 trade groups—led by the California Chamber of Commerce—in a letter to the California Assembly Natural Resources Committee opposing S.B. 260, a comprehensive greenhouse gas disclosure bill.
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The CFPB announced that it will open a new Office of Competition and Innovation. This new office will replace the bureau’s existing Office of Innovation, which was established in 2018 and focused on allowing companies to apply for no-action letters and regulatory sandboxes in order to test specific innovative product offerings.
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