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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.
One bank’s focus on continuous improvement means associates know they will continue to get new options, and the bank will continue to listen to their feedback.
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“Banks have long supported consumers accessing their own data, but believe it should be done in a safe and sound way that provides them with control,” says ABA VP Ryan Miller. With respect to Section 1033 of the Dodd-Frank Act, the CFPB “has attempted to put that into place here.”
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The overall financial health of bank customers hit its lowest level in nearly a year in September, according to J.D. Power’s most recent survey on the subject.
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Major global bank holds naming rights for World Series venue. One of Major League Baseball’s most identifiable landmarks, Chase Field boasts a signature swimming pool and retractable roof. The venue opened its gates 25 years ago as Bank One Ballpark after the bank bought naming rights for $100 million over 30 years.
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To effectively protect the consumer and the organization, it’s paramount to delve into the human side of financial crime, says expert in risk, forensic accounting and white-collar crime research.
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Small-business owners are more satisfied with the services they receive from their banks than they were a year ago, according to a new survey on small-business customer banking satisfaction by J.D. Power.
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The Republican and Democratic leaders of two House subcommittees asked banking regulators to review the Security and Exchange Commission’s proposed rule for safeguarding advisory client assets and determine whether it conflicts with their regulatory powers.
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Banks engaging in venture lending must do so in a safe and sound manner, in compliance with applicable laws and regulations, and with support from sound risk management systems, the OCC said in new policy guidance.
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Appraisers and their state regulators are in the best position to limit bias in the appraisal process as banks are not well-positioned to detect such bias, ABA VP Sharon Whitaker told the federal Appraisal Subcommittee.
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Regulators should coordinate with each other to lessen the effect of overlapping requirements as they consider harmonizing federal regulations governing cybersecurity, ABA and the Bank Policy Institute said in a joint letter to the White House’s Office of the National Cyber Director.
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The OCC published the revised interagency examination procedures for the Telephone Consumer Protection Act.
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A proposed Securities and Exchange Commission rule to prohibit conflicts of interest in certain securitizations would harm families by increasing the cost and reducing the availability of financing across the economy, a bipartisan group of 21 House lawmakers said.
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A proposal by the Financial Accounting Standards Board to require more detailed information about expenses in public companies’ financial statements would not offer discernible benefits for the users of bank financial statements and instead would result in additional costs for all parties involved, ABA said.
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