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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.
What's new with Small Business Administration lending this year, and how can bankers maximize the value of the SBA loan guaranty programs?
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Checks aren’t dying on their own. Meanwhile check fraud is up exponentially while bankers await a killer app for payments.
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Recruiting local leaders to provide input is a time-honored way for banks to cement their community ties. Some of these handpicked leaders end up on the board of directors. Many serve on advisory boards.
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Marketing automation offers bank marketers a chance to improve efficiency and productivity dramatically. This technology presents an opportunity to streamline and automate various marketing tasks and processes, resulting in more efficient use of time and resources.
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For risk management leaders, the confluence of internal and external factors creates a complicated landscape to navigate when it comes to climate risk. That said, this moment also provides an excellent opportunity for us to ground our organizations on climate change within a traditional risk management construct that resonates with all stakeholders.
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ATMs have become lucrative targets for criminals, with the FBI reporting a significant increase in the number of bank ATM robberies beginning in 2020. As one banker noted during a panel discussion on ATM crime, it seems many would-be bank robbers have concluded there is less risk — and potentially more profit — in hitting an ATM than a teller window.
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The ABA urged House Judiciary Committee leaders to support a bill that would codify ATM crimes under the Bank Robbery Act and ensure the penalties for such crimes are consistent with those for bank robberies.
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The ABA and 12 associations are urging senators and House lawmakers to support Congressional Review Act resolutions that would overturn a Department of Labor final rule that expands fiduciary status to nearly all financial professionals.
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In a letter to banking regulators, the ABA said it supported the agencies’ decision to extend the applicability date of the facility-based assessment area, public file and public notice provisions in the Community Reinvestment Act rule that the agencies issued last year.
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The ABA and three banking associations urged Senate leaders to support a House joint resolution to overturn a Securities and Exchange Commission staff accounting bulletin that changes the way banks and other publicly traded entities are expected to account for digital assets held in custody.
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Pressed by House lawmakers, Federal Reserve Vice Chairman for Supervision Michael Barr declined to commit to reproposing the Basel III endgame capital rules if there are substantial changes to the proposal before it is finalized.
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As “financial first responders,” community development financial institutions have the creativity and funding structures to assist low-income communities, but they face many challenges in today’s economic environment, Federal Reserve Governor Lisa Cook said.
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