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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.
Customers are taking notice as community banks partner with financial technology companies to offer digital banking services, according to a new survey by digital payments firm Grain Technology.
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By using technology to their advantage, banks can target a multitude of audiences, allowing for greater reach and more conversions.
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C-suite executives in the financial services sector are more likely to view talent acquisition and retention as a major business risk than their counterparts in other sectors, according to a recent survey of 722 U.S. executives by accounting firm PricewaterhouseCoopers.
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Consumers have reduced the proportion of purchases they charge to credit cards over the past year as their financial stress increased and other payment options—particularly “buy now, pay later” alternatives—grew in popularity, according to the most recent annual survey on credit card satisfaction by consumer research firm J.D. Power.
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As a former engineer, Jennifer Schmidt brings an understanding of systems and integration to her work as a community bank chief compliance officer. On this podcast episode, she discusses the development of an integrated enterprise risk management framework, which encompasses her work overseeing compliance, Bank Secrecy Act oversight, exam management and more.
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Chief credit officers discuss the importance of timely information to navigate volatility and risk.
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ABA joined the Consumer Bankers Association and Bank Policy Institute in asserting that banks provide superior customer service through a variety of channels and tools—including branches, online, mobile applications and telephone—in a comment letter submitted to the CFPB.
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Raising deposit insurance assessment rates during a time of economic stress leads to a “significant drop” in bank lending growth, which disproportionately affects smaller community banks, according to a working paper published by the FDIC’s Center for Financial Research.
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The Federal Housing Finance Agency announced that it will establish a federal advisory committee on affordable, equitable and sustainable housing.
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The Securities and Exchange Commission has released a draft strategic plan that calls on the agency to development a “robust” regulatory framework that keeps pace with evolving capital markets, business models and technologies.
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The Financial Accounting Standards Board has issued a proposed accounting standards update intended to improve accounting and disclosures for equity method investments in tax credit structures.
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ABA and seven trade groups submitted a letter to the U.S Department of Labor requesting a 60-day extension for the comment period on proposed amendments to Prohibited Transaction Exemption 84-14, known as the Qualified Professional Asset Manager exemption.
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