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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.
Fraud is front and center for America’s banks, and on this episode of the ABA Banking Journal Podcast, ABA’s Paul Benda and Peter Cook discuss several recent initiatives taken by ABA to help banks tackle fraud from a variety of fronts.
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A year and a half after the banking stress of March 2023, regulators have started inquiring about banks’ funding mix and how it can be diversified, especially across funding sources and durations.
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Darlene Goins, a former board member for the ABA Foundation, recently was named head of Philanthropy and Community Impact and president of the Wells Fargo Foundation. She will be responsible for the company’s philanthropic strategy in housing access and affordability, financial health, small-business growth and sustainability.
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Tech continues to disrupt the role of banks in the financial ecosystem. With all banks aspiring to keep up, reliance on partners is a savvy strategy to mitigate disruptions and allow banks to do what they do best: serve their customers and communities. Here's what banks and their tech partners are looking for in each other.
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Recent changes in customer behavior and technology have elevated the visibility and importance of marketing for banks.
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The ABA has announced investments in Monit, a small business insight platform, and Posh, a provider of artificial intelligence-based virtual agents designed for financial institutions. The association’s board of directors, acting on a recommendation from ABA’s Venture Investment Committee, approved the investments.
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In a new bank merger policy statement approved by the FDIC, the agency said that credit unions may need to provide additional information when applying to acquire an FDIC-insured institution, as credit unions are not subject to the Community Reinvestment Act.
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The Justice Department announced that it would no longer use its 1995 bank merger guidelines and instead rely on its 2023 merger guidelines to review proposed mergers across all industries, including banks. It also released commentary explaining the application of the 2023 guidelines in banking.
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The ABA and six financial industry associations said that they continue to oppose a proposed data privacy bill that would conflict with privacy requirements already in place for banks and other financial institutions.
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The ABA recently raised several concerns about proposed changes to a Treasury Department program that invests in community development financial institutions and minority depository institutions so they can increase financial support to communities hard hit by the COVID-19 pandemic.
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The FDIC board unanimously voted to advance a proposed rule to establish new recordkeeping requirements for banks that enter into arrangements with third-party fintech firms to provide deposit products and services.
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The Consumer Financial Protection Bureau has released an FAQ about applying Truth in Lending regulation to buy now, pay later products. The bureau in May issued an interpretive rule defining lenders who provide BNPL products as credit card providers under the Truth in Lending Act and its implementing regulation, Regulation Z.
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September 23 - November 15
Facilitated Training: Introduction to Agricultural Lending
September 24
Webinar: Rising Above the Waters: Ensuring Flood Compliance for Commercial Loans
September 26
Webinar: Leveraging Digital Account Opening Solutions to Meet Your Business Goals
October 3
Webinar: ABA State of the Economy Webinar Series: October 3, 2024
October 3
Webinar: Sunset 2025? Planning with the Estate Tax Exclusion Given Future Uncertainty
October 6 - 8
Conference: Bank Marketing Conference
Hyatt Regency Chicago, Chicago, IL
October 8
Webinar: Tax Reform in 2025? What You Need to Know
October 8 - 10
Conference: ABA/ABA Financial Crimes Enforcement Conference
October 10
Webinar: DEI Open Forum October 2024
October 14 - 17
School: Risk Management School – Advanced
Emory Conference Center, Atlanta, GA
October 14 - 17
School: Advanced Wealth & Trust School
Emory Conference Center, Atlanta, GA
October 14 - 18
School: Risk Management School – Foundational
Emory Conference Center, Atlanta, GA
October 14 - 18
School: Compliance School – Advanced
Emory Conference Center, Atlanta, GA
October 14 - 18
School: Wealth & Trust School Level 1
Emory Conference Center, Atlanta, GA
October 16
Webinar: 2024 Regulatory Updates and Compliance Challenges - Part 4
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