ABA Banking Journal
October 31, 2025

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.

Federal Reserve System®
5 FedNow® Service Developments You May Have Missed
Have you kept up with the flurry of recent news about the FedNow Service? The Federal Reserve has announced several key developments on the instant payments network this fall. Whether your bank or credit union is already participating in the FedNow Service or you’re still thinking about joining the network, you don’t want to miss these exciting updates.
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Industry News
How ABA Chair Kenneth Kelly brings an innovative mindset to a community banking legacy.
 
Inaction is not an option. That is the thesis of United We Stand: A National Strategy to Prevent Scams, a new report from the Aspen Institute. Discussing the report’s recommendations and insights on this edition of the ABA Fraudcast is Kate Griffin, director of Aspen’s National Task Force on Fraud and Scam Prevention.
 
The July 2025 Senior Loan Officer Opinion Survey highlights a bifurcated lending market. The July 2025 Federal Reserve Senior Loan Officer Opinion Survey (covering the second quarter) reveals a striking split in how large banks are navigating the current credit cycle compared to the rest of the industry. 
 
Data Center, Inc. (DCI)
IntraFi LLC
How to improve coordination between the Fed and the Federal Home Loan Banks to ensure seamless liquidity management.
 
PNC Bank is the nation's eighth-largest bank by assets and the sixth-largest by deposits, but it ranks fourth in the number of branches. In a time when many banks are streamlining their networks, why has PNC doubled down on branches?
 
Banks can subscribe to security-related alerts, updates or portals offered by ATM manufacturers themselves to better understand evolving threats.
 
Jack Henry & Associates, Inc.®
Top Trends to Transform Your Cybersecurity Posture
As cyber threats become smarter, faster, and more aggressive, cybersecurity leaders are leveling-up their strategies with AI-driven tools, stronger cloud security, heightened team collaboration, and more. From managed detection and response to real-time threat intelligence, today’s top banks are building resilience that’s proactive, adaptive, and deeply integrated. Stay ahead of attackers with strategies built to adapt, defend, and win.
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Policy News
The Federal Communications Commission voted to issue a notice of proposed rulemaking that would adopt several ABA requests to modernize the FCC’s Telephone Consumer Protection Act rules and combat illegal call spoofing.
 
The Consumer Financial Protection Bureau has issued an interpretive rule stating that the Fair Credit Reporting Act, or FCRA, preempts state laws on credit reporting, with the move coming after several states enacted laws banning the use of medical debt in credit reports.
 
The Office of the Comptroller of the Currency is proposing to rescind its updated recovery planning guidelines for larger banks, saying the move is part of a Trump administration effort to eliminate unnecessary regulatory burdens.
 
mysherpas
DDJ Myers
A proposed bill to establish a nationwide cap on fees and interest on credit cards and consumer loans would have a devastating effect on access to credit for individuals and small-business owners, the ABA and seven financial sector associations have said.
 
The ABA has submitted bank-specific recommendations on policy and regulation of artificial intelligence as the Trump administration seeks to make the U.S. a leader in the technology.
 
The Federal Reserve voted 6-1 to advance proposed rulemaking to make stress tests for large banks more transparent and give the public more opportunities to comment on the models used in the tests.
 
West Publishing Corporation®
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