ABA Banking Journal
December 30, 2022

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.

Industry News
What’s on the banking industry’s policy radar for 2023? ABA’s Government Relations Council recently met in Washington, D.C., and GRC Chair Cathy Owen recaps the topics of consideration as the association prepares its banker-led Blueprint for Growth for the coming year.
 
The advantages of committing to a single platform to integrate delivery of multiple banking services for businesses.
 
An impressive 700 banks registered for ABA Foundation programs in 2022, ranging in topics from fraud prevention to educating youth about financial stewardship, according to a new infographic summarizing the foundation’s accomplishments during the year.
 
Data Center, Inc. (DCI)
Raymond James & Associates
Prioritizing a smooth customer experience while protecting against attacks.
 
Providing transparency and demystifying banking’s unique key performance indicators can help banks seize competitive advantages.
 
The average financial well-being of U.S. consumers has returned to its pre-pandemic level, with more families reporting having difficulty paying all their bills in 2022 than the year before, according to the Consumer Financial Protection Bureau’s annual Making Ends Meet survey.
 
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Policy News
Retailer-backed legislation creating new credit card routing mandates was left out of a bipartisan omnibus spending bill after a sustained grassroots campaign by ABA and state banking associations warned lawmakers about the risks community banks faced had the proposal become law.
 
The Treasury Department issued initial guidance regarding a new annual excise tax that applies to repurchases of a publicly traded corporation’s stock that takes place after Dec. 31, 2022.
 
ABA expressed opposition to the Small Business Administration’s proposal to lift the moratorium on the number of non-depository lenders in the 7(a) program in a comment letter submitted this week.
 
Jack Henry & Associates, Inc.
Capco
ABA and five financial and health care industry associations have expressed support for a Federal Trade Commission proposal to prohibit the impersonation of government, businesses and their officials.
 
Federal banking agencies have extended by one year no-action relief under Regulation O for banks lending to investment fund-controlled companies under specific conditions.
 
The Consumer Financial Protection Bureau has announced the 2023 dollar amounts for the annual threshold adjustments for Regulation Z, which implements the Truth in Lending Act.
 
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Training

January 9 - February 3, 2023
Facilitated Training: Building a Bank-Wide Data Management Program

January 9 - February 3, 2023
Facilitated Training: Marketing in Banking

January 12, 2023
Webinar: The 2023 Fraud Landscape

January 18, 2023
Webinar: Regulatory Updates and Compliance Challenges in 2023 — Part 1

January 19, 2023
Webinar: Banking Digital Currency

January 23 - February 24, 2023
Facilitated Training: Managing Funding, Liquidity and Capital

January 25, 2023
Webinar: 2023 Investment Market Outlook and How to Guide Clients Through Changes

January 29 - February 1, 2023
Conference: Insurance Risk Management Forum 

January 30 - May 19, 2023
Facilitated Training: Money and Banking

January 31, 2023
Webinar: Digitizing Investigations: Adding Robotics and Machine Learning to FCC Investigations

 
 

 

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