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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.
On the latest episode of the ABA Banking Journal Podcast, Anthony Sharett, president of Pathward, discusses how his FDIC-insured bank works alongside depository institutions to expand offerings that enhance financial inclusion and reach the unbanked.
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Publicly available data tell us that CRE losses will be dispersed across borrowers and a wide range of lenders.
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Customer relationship management systems have become a powerful tool for bankers across both sales and marketing functions, but it hasn’t always been a smooth road.
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The Office of the Comptroller of the Currency has released a report detailing ways that banks can promote the financial health of their customers.
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New tools from ABA aim to help banks educate consumers on the home-buying process.
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A new research paper released this week from consulting firm Oliver Wyman explores how proposals from various agencies can affect banks in overlapping ways.
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In recent comments, the ABA said that while it appreciates recent updates to Office of Foreign Assets Control reporting requirements related to blocked and rejected transactions, further revisions are needed to ease the compliance burden on banks.
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The Treasury Department issued a request for information on the use of artificial intelligence in the financial services sector. Specifically, the department is seeking public input on the current use of AI by financial institutions and other actors in the sector.
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The Consumer Financial Protection Bureau issued a partial final rule establishing the qualifications that organizations must meet to become recognized standard-setting bodies under the bureau’s proposed financial data-sharing regulation, which would implement Section 1033 of the Dodd-Frank Act.
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The Financial Crimes Enforcement Network received approximately 4.6 million suspicious activity reports in fiscal year 2023, for an average of 12,600 reports a day, the agency said in its year-in-review report.
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For banks interested in adopting artificial intelligence, establishing clear and effective controls between each phase of implementation of the technology could help ensure that innovations are helpful and not dangerous, Acting Comptroller of the Currency Michael Hsu said.
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The Consumer Financial Protection Bureau has released a circular that warns against unlawful or unenforceable terms and conditions in contracts for consumer financial products or services.
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