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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This is the first time banks have come together to work on a shared way in which the technology that underpins bitcoin—a controversial, web-based "crytocurrency"—can be used in finance. (CNBC)
Visit http://www.cnbc.com/2015/09/15/nine-of-worlds-biggest-banks-join-to-form-blockchain-partnership.html to view the full article online. |
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ABA Insurance Services, ABA’s endorsed insurance provider, announced a new cyber liability and privacy insurance policy—called "Cyber Cover"—to help banks protect themselves against data breaches and related threats. (ABA Banking Journal)
Visit http://bankingjournal.aba.com/2015/09/aba-insurance-services-introduces-new-cyber-policy-and-resources/ to view the full article online. |
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One of the most anticipated features arriving with Android's Marshmallow OS update is the new fingerprint reader capability. And while Marshmallow won't go live until the end of the year, a number of companies are already gearing up with fingerprint-enabled apps. (Engadget)
Visit http://www.engadget.com/2015/09/15/bank-of-america-adds-fingerprint-logins-to-its-android-and-ios-a/ to view the full article online. |
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More than half of U.S. consumers haven't received new chip-based credit or debit cards to improve security of in-store purchases, according to a new survey. (Computerworld)
Visit http://www.computerworld.com/article/2984200/retail-it/half-of-us-consumers-dont-have-and-dont-understand-chip-cards.html to view the full article online. |
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First Internet Bank announced it is one of the first financial institutions to offer Eyeprint IDTM authentication technology in its personal mobile banking application. (Business Wire)
Visit http://www.businesswire.com/news/home/20150902006016/en/Banking-“Bat-Eye”-Internet-Bank-Offers-Eyeprint#.VfhyRrS5xJ2 to view the full article online. |
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Whether it's in your branches, through your customer service lines, in your local communities, or through mainstream or social media, it's your employees who can make or break your reputation with customers and prospects. (American Banker)
Visit http://www.americanbanker.com/bankthink/millennial-employees-are-key-to-banks-reputations-1076318-1.html to view the full article online. |
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The Federal Reserve announced on Thursday, after a two-day meeting of its policy-making committee, that it would keep interest rates near zero as officials assess the impact of tighter financial conditions and slower global growth on the domestic economy. (New York Times)
Visit http://www.nytimes.com/2015/09/18/business/economy/fed-leaves-interest-rates-unchanged.html?_r=0 to view the full article online. |
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While expressing support for the purpose of FDIC’s proposal to revise premium assessments for banks with under $10 billion in assets, ABA also recommended several changes. (ABA Banking Journal)
Visit http://bankingjournal.aba.com/2015/09/aba-asks-fdic-to-reconsider-parts-of-assessment-proposal/ to view the full article online. |
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Banks that had to reimburse clients defrauded in the wake of the massive Target data breach can sue the retailer as a class, a federal judge ruled. (Courthouse News Service)
Visit http://www.courthousenews.com/2015/09/16/banks-suing-target-granted-class-status.htm to view the full article online. |
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The Basel Committee on Banking Supervision’s proposed interest rate risk capital requirement is fundamentally flawed and could ultimately increase interest rate risk, ABA and another trade group said in a comment letter. (ABA Banking Journal)
Visit http://bankingjournal.aba.com/2015/09/aba-basel-proposal-on-interest-rate-risk-is-counterproductive/ to view the full article online. |
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The Conference of State Bank Supervisors yesterday finalized its new framework for model state-level regulation of virtual currencies such as bitcoin. (ABA Banking Journal)
Visit http://bankingjournal.aba.com/2015/09/state-bank-regulators-finalize-model-regs-on-virtual-currency/ to view the full article online. |
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A Cybersecurity Task Force has been created to help financial services businesses address cybersecurity issues and oversee the state’s financial marketplace security. (Pennsylvania Business Daily)
Visit http://pennbusinessdaily.com/stories/510637332-pennsylvania-banking-regulator-creates-cybersecurity-task-force to view the full article online. |
