Welcome to the ABA Banking Journal newsletter, 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 and other email bulletins.
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A majority of Americans are paying nothing this year for checking account maintenance and ATM access, a new survey from the American Bankers Association shows. (The Hill)
Visit http://thehill.com/policy/finance/budget/251401-most-americans-now-banking-without-service-fees to view the full article online. |
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Tom Blomfield wants to make Mondo the Google or Facebook of banking with accounts that are as easy to use as e-mail. (Bloomberg)
Visit http://www.bloomberg.com/news/articles/2015-08-18/mondo-s-ceo-wants-to-build-a-bank-for-people-who-hate-banks to view the full article online. |
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Decision Economic’s Cary Leahey talks about the latest encouraging housing data and the expected impact of millennials on the market. (Reuters)
Visit http://www.reuters.com/video/2015/08/18/millennials-will-keep-coming-into-housin?videoId=365325496 to view the full article online. |
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Target will reimburse thousands of financial institutions for incurred costs related to the massive Target data breach back in 2013. (Tech Times)
Visit http://www.techtimes.com/articles/77805/20150820/target-to-pay-visa-issuers-67-million-for-massive-data-breach-in-2013.htm to view the full article online. |
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As banks look to shorten their list of vendors, the industry's largest technology supplier is looking to lengthen its list of products and services. (American Banker)
Visit http://www.americanbanker.com/news/bank-technology/fis-sungard-deal-capitalizes-on-banks-need-for-vendor-simplicity-1076015-1.html to view the full article online. |
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Making smart credit decisions is critical now as the auto lending business heats up. U.S. consumers have $1 trillion of automobile loans outstanding, up from about $700 billion in the first quarter of 2010, according to data from the New York Federal Reserve. (Reuters)
Visit http://www.reuters.com/article/2015/08/18/us-wells-far-auto-idUSKCN0QN1ZK20150818 to view the full article online. |
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New home construction is booming—and laying a strong foundation for an interest-rate increase next month. U.S. housing starts in July hit their highest levels since October 2007, rising 0.2 percent from a month earlier to a seasonally adjusted rate of 1.21 million. Starts on single-family homes, which exclude apartments, were up 12.8 percent. (Wall Street Journal)
Visit http://www.wsj.com/articles/housing-builds-case-for-rate-rise-1439924863 to view the full article online. |
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A federal appeals court today issued a mixed decision in the closely watched case of FDIC v. Rippy, which arose from the 2009 failure of a North Carolina community bank. The FDIC sued the bank’s directors and officers, alleging that the bank failed due to their negligence, both simple and gross, and breaches of fiduciary duties. (ABA Banking Journal)
Visit http://bankingjournal.aba.com/2015/08/court-issues-mixed-decision-in-north-carolina-business-judgment-case/ to view the full article online. |
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ABA CEO Frank Keating discusses the 2016 race for the White House and which candidate may be the best for American Banks. (Bloomberg)
Visit http://www.bloomberg.com/politics/videos/2015-08-18/which-presidential-candidate-is-the-best-for-u-s-banks- to view the full article online. |
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Fed up with frivolous claims of discrimination leveled against mortgage lenders, the American Bankers Association is demanding Obama regulators and prosecutors adopt a higher standard of proof. It's about time. (Investor’s Business Daily)
Visit http://news.investors.com/ibd-editorials/081815-767118-bankers-group-demands-obama-regulators-revise-disparate-impact-standards.htm#ixzz3jNQUqQGO to view the full article online. |
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Economic conditions in the United States have largely returned to normal and a Federal Reserve decision to raise interest rates should come soon, Atlanta Fed President Dennis Lockhart said. (CNBC)
Visit http://www.cnbc.com/2015/08/10/feds-lockhart.html to view the full article online. |
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The New York Bankers Association on Friday won its legal challenge to New York City’s Responsible Banking Act, with a federal judge striking down the city ordinance as unconstitutional in its attempt to preempt state and federal banking laws. (ABA Banking Journal)
Visit http://bankingjournal.aba.com/2015/08/nyba-wins-challenge-to-new-york-city-law/ to view the full article online. |
