Many banks focus on adopting the latest data platform or pushing a leading-edge application feature—without building the culture to sustain seamless, end-to-end value creation.

Algorithms such as the one driving ChatGPT that can quickly produce slick new content, whether text, images or other simulations, are now readily available at no cost, a development that should give every banker pause.

More than one in three U.S. bank customers say they have been victims of financial fraud in the past 12 months, according to a new survey by J.D. Power.

The financial challenges facing millennials are intense, and they need help. But many millennials may not know that bankers can help, or how to ask for help.

In the U.S., stress tests could benefit from a different starting point besides increases in the unemployment rate, while the Swiss system demonstrates the value of greater transparency.

Deposits, loans, data and efficiency top the list of strategic priorities for community and regional financial institutions, according to a recent survey of CEOs conducted by Jack Henry.  

The FDIC announced the appointment of seven new members to its Advisory Committee on Community Banking. With the new appointments, 14 of the committee’s 19 members are senior leaders with ABA member banks. 

Existing income tax disclosures for investors, lenders and others who use financial statements to make capital allocation decisions are generally fair, and a proposal by the Financial Accounting Standards Board to expand those requirements wouldn’t improve a user’s assessment of the prospects for future cash flows, and may even lead to confusion and incorrect conclusions, ABA said in comments to FASB.

In a letter, ABA urged House lawmakers to support the Access to Credit for our Rural Economy Act, which the association said would grow rural America by making it easier for farmers, ranchers and rural families to access low-cost credit.

The OCC released a revised policies and procedures manual detailing actions OCC examiners may take against banks with “persistent weaknesses.”

With a bipartisan vote of 35 to 12, the House Financial Services Committee advanced H.R. 3063, the Retirement Fairness for Charities and Education Institutions Act of 2023.

Federal Open Market Committee members all agreed to raise the federal funds rate by 25 basis points at their meeting earlier this month but were divided on whether further monetary policy tightening would be needed, according to FOMC minutes.