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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.
Despite clear value in receive-only FedNow transactions, many banks are wary of the send side. To fully embrace FedNow, some will need a clear sign that the benefits outweigh the risks.
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For starters, the transition from daily batch payments processing to real-time workflows will require improved infrastructure.
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Recent experience, particularly with the Bank Term Funding Program, shows how to improve the functioning of the Fed’s discount window and strengthen financial stability.
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Athletes make a lot of big financial decisions at fairly young ages. Brandon Ghee, a community banker and former NFL cornerback, discusses how Cogent Bank’s sports and entertainment vertical comes alongside to help with this transition.
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Successful approaches leverage all bank marketing, sales, service and distribution capabilities to focus resources on high priority opportunities.
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Consumers are happy with their debit cards and think the government should leave the debit card payment system alone, and most people appreciate the overdraft services that banks provide, according to a new survey by Morning Consult on behalf of ABA.
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ABA President and CEO Rob Nichols outlined how the association’s advocacy strategy has evolved in recent days to address the current political landscape in Washington, which has included challenging congressional dynamics and a concerning pattern of regulatory overreach.
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ABA, the Bank Policy Institute and seven financial industry associations released a new “myth vs. fact” guide to debit card interchange in response to a Federal Reserve proposal to significantly lower the cap on interchange fees.
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A Federal Reserve proposal to revise Regulation II to cut debit card interchange fees by as much as 30% would be a mistake that will likely hurt small banks, Sen. Jon Tester (D-Mont.) said during ABA’s Washington Summit.
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ABA and eight associations have asked the Federal Emergency Management Agency to extend the deadline for public comment on its proposed rule to revise the Standard Flood Insurance Policy form, saying more time is needed for stakeholders to understand the range of changes under consideration.
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Before the CFPB finalizes its proposed rulemaking on personal financial data this fall, it will first codify what attributes an organization must have to be recognized under the rule as an issuer of qualified industry standards, CFPB Director Rohit Chopra said.
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A proposed bill seeks to spur new bank creation by easing federal capital requirements during their first few years of existence.
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