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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.
With the holidays in full swing, ABA and member banks across the country are stepping up efforts to educate consumers on the threat of scams and how to protect themselves this holiday shopping season.
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As the end of the year draws near, banking journalist and analyst Paul Davis joins the ABA Banking Journal Podcast to discuss the bank mergers and acquisitions outlook for 2023.
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The networking infrastructure found in many banks is not built to handle remote workforces, multiple video meetings or online banking.
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Charitable giving campaigns can increase product adoption, maximize digital usage and strengthen quality relationships with customers.
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Compared to the experience of the 2008–09 Great Recession and ensuing recovery, the COVID-19 pandemic-induced recession, along with federal and state responses, has resulted in unexpected consumer behavior.
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More than half of community bankers in a recent survey cited small business loans as a high priority in 2022, with most small business owners saying in the same poll that they plan to borrow an average of $2 million over the next two years.
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ABA, along with 17 associations and businesses, sent a joint letter to the IRS requesting that the agency make permanent the temporary relief from the physical presence requirement for spousal consent granted during the early days of the pandemic.
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The most recent FDIC Quarterly Banking Profile will show that banks’ unrealized losses have increased since the last quarterly report, when they stood at $470 billion, FDIC Acting Chairman Martin Gruenberg said during his confirmation hearing before the Senate Banking Committee.
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ABA has asked the federal agency responsible for developing technical accessibility standards to exclude ATMs and other bank devices from proposed rulemaking for self-service transaction machines, or SSTMs.
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If regulators want to expand the number of consumers who can take advantage of mortgage refinances, then focusing on expanding consumer education and providing banks more flexibility in their offerings would be a better approach than pushing new products such as “auto-refi” loans, ABA and the Consumer Bankers Association said in a joint letter to the Consumer Financial Protection Bureau.
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The Federal Reserve and FDIC announced that the eight largest U.S. banks did not have deficiencies in their most recent resolution plans, also known as living wills.
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As the Federal Trade Commission explores a rulemaking to govern the collection of personal data for commercial purposes, it should consider the current landscape of federal and state laws on data security and avoid pursuing regulations that discourage innovation that has benefitted consumers in financial services, ABA said in comments filed with the agency.
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