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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.
Nearly 72 million Americans were covered by health savings accounts at the end of 2022, an increase of 6.5% from the year before, and HSAs are used across the income spectrum, with 75% of accountholders living in a zip code with a median household income of less than $100,000.
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Special-purpose credit programs build on data sharing to expand lending outreach.
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Fees charged by banks recover costs, encourage sustainable financial behavior, support the affordable pricing of financial services and are consistent with prudent risk management, ABA said in a statement to the Senate Banking Committee.
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It may be time to start looking at branch locations as modern customer engagement centers, fully integrated with multiple connection channels offering consistent and seamless customer experiences.
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After years of preparation, banks saw a smooth transition to SOFR and other alternative rates.
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The ACH Network saw significant growth in same-day ACH payments in the first half of 2023, according to figures released by Nacha.
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The Securities and Exchange Commission proposed new rules to require broker-dealers and investment advisers to take certain steps to address conflicts of interest associated with using predictive data analytics, including artificial intelligence and similar technologies.
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ABA and the Bank Policy Institute petitioned the Federal Reserve to open for public comment both the supervisory models and stress scenarios that the agency uses to calculate binding capital requirements through its annual stress tests.
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Deposit insurance reform should remain centered on consumer protection and building confidence in the stability of the banking system, Thomas Fraser, CEO of First Mutual Holding Co. in Lakewood, Ohio, told the Senate Banking Committee.
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The Securities and Exchange Commission adopted a final rule requiring publicly traded companies to disclose material cybersecurity incidents they experience within four business days.
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The FDIC should focus on the types of uninsured deposits that were at the greatest run risk during the recent bank failures in its special assessment, Senate Banking Committee Chairman Sherrod Brown (D-Ohio) and Sen. J.D. Vance (R-Ohio) said.
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The FDIC issued a letter to remind financial institutions of their obligation to report estimated uninsured deposits in accordance with the instructions to the Call Report.
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