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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.
The latest incarnation of ABA’s award-winning #BanksNeverAskThat anti-phishing campaign returns in October. The season premiere of the ABA Banking Journal Podcast features a banker’s perspective on participating in the campaign and a sneak preview of new creative.
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Banks are experiencing a “dramatic increase” in nonofficer turnover despite offering attractive compensation and benefits, according to the most recent bank compensation and benefits survey by consulting firm Crowe
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A recent survey of banking professionals found that most respondents see financial technology partnerships as key to their institution’s growth, although establishing such partnerships has proven elusive.
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While some banks might be well positioned to establish a dedicated role or even a team, others may prefer to have a cross-compliance collaboration approach.
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Economic activity was largely unchanged since early July, with five districts reporting slight to modest growth in activity and five others reporting slight to modest softening, according to the Federal Reserve’s sixth Beige Book release of the year.
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A recent survey of hybrid work policies in the U.S. and abroad found that banking was the most likely all of sectors studied to have a large number of employees in the office at any given time.
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In recent remarks, Acting Comptroller of the Currency Michael Hsu said community banks and their state trade associations have raised concerns about the OCC’s supervisory and regulatory actions related to climate change in “every meeting” he has had with them.
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The ABA and several banking trade groups called on the CFPB to provide additional information on a recent request for comment on proposed revisions to an existing information collection on credit card terms for consumer and college credit card agreements.
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The Federal Housing Finance Agency announced it will conduct a “comprehensive review” of the Federal Home Loan Bank System beginning in September.
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The Office of the Comptroller of the Currency released a strategic plan for fiscal years 2023-2027 that calls on the agency to diversify its workforce, prioritize safeguarding public trust and enhance the implementation of risk-based supervision.
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The Federal Reserve will launch a “pilot micro-prudential scenario analysis exercise” next year “to better assess the long-term, climate-related financial risks facing the largest institutions,” Michael Barr said in his first speech as Fed vice chairman for supervision.
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In comments filed with the FDIC, ABA and the Bank Policy Institute came out against an agency proposal to replace troubled debt restructuring in assessments scorecards for large banks with a new term, “modifications to borrowers experiencing financial difficulty.”
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