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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.
Middle market businesses don’t get all the love or the press, but they are critically important nonetheless. Here’s the outlook for this sector going into 2024.
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On this episode of the ABA Banking Journal Podcast, Kristiane Koontz discusses ABA’s recent work on core resilience and competition, as well as the Core Platforms Committee’s plans for 2024.
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While bank economists expect credit conditions to continue to weaken compared to the extremely strong position of the last few years, their outlook for the first half of the year is notably more optimistic, according to ABA’s latest Credit Conditions Index.
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Weak identity authentication and verification protocols can result in compromised online accounts and diminished information security.
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A brand is something you are that has the potential to differentiate you positively in the market so you can grow at a superior rate.
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Anne Tangen, a bank IT expert-turned-CEO at BankFive in Fall River, Massachusetts, talks about BankFive’s efforts to reduce friction in the account opening process, as well as her work to smooth the path for talented women in the community bank C-suite.
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As part of a national strategy to promote financial inclusion, policymakers should require banking agencies to consider the effects of any regulatory proposal on low-to-moderate-income and underserved consumers’ access to financial products and services, ABA and two associations said.
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FHA published the final mortgagee letter for its new loss mitigation home retention option for borrowers with agency-insured single-family forward mortgages who are behind on their mortgage payments.
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In a joint letter, ABA and three financial services trade associations asked the Securities and Exchange Commission to revisit a two-year-old agency policy on safeguarding cryptoassets.
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The Federal Reserve and Office of the Comptroller of the Currency released details on their upcoming stress test scenarios for large financial institutions.
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FinCEN published a small entity compliance guide that provides an overview of the requirements regarding access to beneficial ownership information by small entities.
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A proposed bill in the House would require the Federal Reserve to act on merger applications within 90 days of receiving the requests.
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The Federal Reserve has bolstered its bank supervision program since last year’s Silicon Valley Bank failure, with large regional banks receiving heightened scrutiny, Fed Vice Chairman for Supervision Michael Barr said.
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The Federal Reserve discount window is an essential component of liquidity risk management, but several reforms must be made to meet the needs of banks of all sizes, ABA said.
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