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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.
In today’s interconnected world, strong banks need strong communities, and vice versa. Our most persistent economic challenges are interwoven and the solutions are interdependent. It takes banks and community organizations working in partnerships to solve our most intractable, pressing economic problems.
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More financial institutions are offering technology and services to assist families in raising money-savvy kids.
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The FDIC’s recent proposal to index key asset thresholds is a long-overdue step toward modernizing a regulatory framework that has failed to keep pace with inflation, economic growth and the evolution of the banking sector.
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In late 2024, the Federal Reserve announced the next periodic review of its monetary policy strategy, tools, and communications would occur in 2025. These reviews are scheduled to occur roughly every five years. The 2025 review will focus on the Federal Open Market Committee’s Statement on Longer-Run Goals and Monetary Policy Strategy and communications tools, with results expected to be released in the summer or fall of 2025.
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The banking industry has played a leading role in the fight against fraud, but a whole-of-government approach is needed.
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It’s time to refine the FDIC’s emergency authorities and resolution processes, in addition to considering possible changes to the deposit insurance framework.
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The ABA joined seven financial sector associations in voicing strong opposition to adding credit card routing mandates to an unrelated defense spending bill.
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The ABA joined six associations in requesting that House lawmakers exempt financial institutions from any national multi-sector data privacy law as they are already subject to long-standing privacy requirements.
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The Treasury Department has issued a request for comment on stablecoin implementation, particularly on tools or strategies that financial institutions can use to detect illicit activity involving digital assets.
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The FDIC board proposed several changes to its recently revised requirements regarding the use of the agency’s name and logo, saying the adjustments will ease the compliance burden on financial institutions.
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The ABA expressed support for rescinding the 2023 Community Reinvestment Act final rule and reinstating the 1995 rule, saying that while the older rule isn’t perfect, “it is more closely aligned with congressional intent and is more workable than the 2023 rule.”
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Banks don’t charge consumers fees to access their data, and because of banks’ innovation and investments in secure systems, consumers have access to more financial products in response to claims made by retailers and fintech companies.
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