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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.
The big story of check fraud is not only its vast cost to the country and to individual victims, but simply the remarkable rate at which it is increasing. On this episode of the ABA Fraudcast, ABA’s Paul Benda discusses with Caitlin Piasecki of the United States Postal Inspection Service the enormous scale and challenge of addressing mail theft, a common venue for criminals to access paper checks.
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Common wisdom states that a banking relationship begins with a checking account. If that wisdom is true, a seismic shift is occurring in the banking industry. The vast majority of checking accounts are being opened by very large institutions. This has potentially large implications for future market share and revenue streams in the industry.
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A review of recent CFPB enforcement action and Supervisory Highlights reveals numerous mentions of servicing practices across various financial products. State agencies have also taken action in response to servicing errors.
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It’s one thing to invest in a financial services customer relationship management solution. It’s another thing to translate that investment into value. These culture shifts can help banks maximize their CRM investment to better meet customers’ and employees’ needs.
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More than one in three U.S. adults (34%) have experienced financial fraud or a scam since January 2024, with nearly two in five (37%) out of that group losing money, according to a new survey by Bankrate.
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A century ago, in March 1925, Charles G. Dawes was sworn in as vice president of the United States. In the first part of this two-part podcast series, Dawes biographer Annette Dunlap walks listeners through Dawes’ early life, his big ideas in banking and his service as comptroller of the currency, and how he built up Chicago as a regional banking center.
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Lawmakers in the House and Senate have reintroduced the Access to Credit for our Rural Economy Act, which would make it easier for farmers, ranchers and rural families to access affordable real estate credit. Passage of the ACRE Act is one of the ABA’s top policy priorities in 2025.
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The House Financial Services Committee has voted to advance a joint resolution to invalidate the Consumer Financial Protection Bureau’s final rule on overdraft protection. The CFPB rule requires banks with at least $10 billion in assets to cap overdraft fees at $5 unless they voluntarily set a cap that covers their actual costs and losses or treat overdraft protection as a loan covered by the Truth in Lending Act.
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The FDIC board today announced it will withdraw proposed rules relating to brokered deposits, corporate governance, executive compensation and the Change in Bank Control Act. The decisions were part of a larger push by the Republican-led board to reverse or delay several policies pursued during the Biden administration.
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The FDIC board has pushed back by more than a year the compliance date for certain provisions of the agency’s revised rule on the use of its name and logo by financial institutions, saying it will use the time to consider adjustments to the regulation.
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In a unanimous vote, the Federal Communications Commission adopted new rules supported by the ABA that would combat illegal calls. The order requires all voice service providers in the call pathway to block calls that are highly likely to be illegal based on a “reasonable do-not-originate” list.
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The Treasury Department announced that it will not enforce any penalties or fines against U.S. companies for failing to report beneficial ownership information as required by the Corporate Transparency Act. Instead, it will propose new rulemaking to narrow the scope of the requirement to only foreign reporting companies.
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