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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.
Please note, there will not be an edition of ABA Banking Journal newsletter on Friday, December 26.
The newsletter will return to your inbox on Friday, January 9. Happy Holidays!
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Financial institutions are racing to adopt so-called agentic AI, which describes systems that can pursue goals, make decisions and act with limited human oversight. But autonomy comes with a price.
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Identifying leaders in key positions to help ensure a bank’s future success and lessen the risks that can result from a hurried transition.
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Jon Sisk and Matt Lujano’s banks couldn’t be more different at first appearance, but they share a positive outlook on the role of tech in community banking. As chair and vice chair, respectively, of ABA’s Community Bankers Council, they reflected on what it means to be a tech-forward community bank in a podcast following the committee’s recent D.C. meeting.
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Proposed legislation to cap credit card interest rates at 10% would restrict credit to all borrowers —particularly high-risk and lower-income borrowers — and increase consumer costs through fees and loss of rewards, according to a policy analysis by the nonpartisan Consumer Choice Center.
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Much is written about what banks should be doing to optimize their operations and performance. Far less is studied and written about what those banks are actually doing in their day-to-day competitive battles.
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Twelve months ago, bank M&A was a slog with approvals that stretched out a year, currencies that couldn’t clear sellers’ asks, and interest rate shock that turned bond portfolios into potential capital holes.
In recent months, that picture changed quickly, driven by clearer regulatory messaging, firmer trading multiples, and shorter approval times that improve the math on dilution and earnback periods.
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ABA and eight financial sector associations are urging the Federal Reserve to withdraw a two-year-old proposal to lower the cap on debit card interchange fees, pointing to conflicting court rulings on the regulation it seeks to amend and the age of the data used to calculate the cap.
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The FDIC and the Office of the Comptroller of the Currency today rescinded guidance on leveraged lending issued more than a decade ago, saying it was too restrictive.
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The Federal Reserve is seeking public input on potential changes to the check services it provides, although support for the request is not unanimous among Fed board members.
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ABA joined 13 associations and coalitions in urging lawmakers to adopt a long-term reauthorization of the National Flood Insurance Program, saying it would provide “certainty for the millions of Americans who rely on this vital program to protect their families and properties from flooding.”
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The Office of the Comptroller of the Currency issued new guidance for agency staff stating that national banks may engage in riskless principal crypto-asset transactions. The guidance comes as the OCC considers several applications from digital asset firms seeking bank charters.
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ABA has asked the Consumer Financial Protection Bureau to withdraw guidance for law enforcement alleging that credit card rewards programs could be illegal under certain circumstances.
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