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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.
So-called “First Amendment auditors” have long filmed themselves trying to provoke police and other public officials into stopping them from recording in public settings. Now, some auditors are targeting banks. This podcast episode features tips from bankers and security professionals on how to handle a First Amendment auditor at a bank location while protecting bank employees and customers.
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Atlantic Union Bank's Jennifer B. Huffman shares how winning an ABA Emerging Leader Award supercharged her professional growth.
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Recent data on scams and fraud from the Federal Trade Commission and the FBI is, to no surprise, trending in the wrong direction. But there is confusion around such national reporting, and that is part of the problem. “There is no central figure leading this fight,” says ABA’s Paul Benda, who describes important challenges to addressing scams and fraud on a national scale in this edition of the ABA Fraudcast.
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AMBA partners with the ABA Foundation to recruit banks to provide our nation’s veterans access to safe, reliable and flexible financial products and services.
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If U.S. regulators move forward on the Basel III endgame, they must roll back redundant rules that overcomplicate the capital framework.
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Business owners believe the economy will grow but have mixed feelings around tariffs, according to a survey by the New Jersey-based Provident Bank. The survey found that 60% of U.S. business owners believe the economy will grow over the next six months. At the same time, 55% believe that tariffs have a negative effect on the economy.
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The Trump administration has rolled back a broad range of banking guidance and regulatory proposals made in the last few years, and while bankers are used to regulatory whiplash when administrations change, it is possible some of changes will be long term, according to ABA policy experts.
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The banking sector has seen many constructive, positive policy developments at the federal level so far this year, and top officials have expressed their willingness to work with and engage with bankers on those issues, American Bankers Association President and CEO Rob Nichols said at ABA’s Risk and Compliance Conference.
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Federal Reserve Governor Michelle Bowman outlined her priorities as vice chair for supervision, calling for a reemphasis on regulatory tailoring, a rethinking of capital requirements, a review of many of the rules and regulations enacted in recent years, and a streamlining of the review process for de novo and bank merger applications.
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The House Financial Services Committee voted to advance several bills advocated by ABA. During a markup that went late into the evening, the committee approved H.R. 2808, H.R. 2835, H.R. 3709, and H.R. 3716.
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The American Bankers Association joined 15 associations in urging House lawmakers to support a bill prohibiting the practice of credit reporting firms selling mortgage applicant information to lenders who then barrage those same consumers with unwanted solicitations.
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The House voted 214-198 today in favor of a bill to cap the number of for-profit small-business lending companies eligible to make loans under the Small Business Administration’s 7(a) Program. The ABA supported the legislation.
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