|
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 half of community bank leaders are somewhat, fairly or completely confident about their bank’s prospects for revenue growth over the next 12 months, according to an ABA survey.
|
The reality behind account closures is complicated and driven by the nation’s interest in protecting the financial system from a host of bad actors intent on doing harm.
|
Warsaw Federal was designated as a minority depository institution in late 2023, a move that is part of the 130-year-old bank’s pivot to serving its community more deeply while building its capital base to support growth. On this latest episode of the ABA Banking Journal Podcast, President and CEO Robie Suggs discusses the bank’s strategy.
|
The story behind the data may not always be obvious at first, but the trends over time can start to bring customer needs to the surface.
|
The Federal Reserve announced that it has extended the public comment deadline to May 12 for its proposal to lower the cap on debit card interchange fees.
|
The SEC’s proposed greenhouse gas emissions reporting rule could unintentionally result in increased costs and reporting burdens on small banks and their customers, ABA said.
|
In a series of letters, Republican and Democratic lawmakers in the House and Senate expressed concern that the proposed Basel III endgame capital requirements could have negative consequences on the banking sector and broader U.S. economy.
|
Any new technology utilized by a financial institution—including artificial intelligence—must be done so in a way that complies with existing law, top officials from four federal agencies said.
|
Cybersecurity preparedness has become increasingly important for banks but focusing on defense is not enough—banks must also develop and regularly test business continuity plans, Federal Reserve Vice Chairman for Supervision Michael Barr said.
|
Banking regulators should drop a proposal for a long-term debt requirement for banks with more than $100 billion and instead pursue options that give banks more flexibility to adopt requirements that better reflect their size and structure, ABA said.
|
|
