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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.
Several factors are reshaping the wealth management and financial advice sectors, and more individuals and families are falling into the high-net-worth and ultra-high-net-worth than ever before. This episode of the ABA Banking Journal Podcast discusses how banks are positioned to capitalize on this evolving marketplace.
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Branches are evolving to support client-family-advisor privacy and technology-enhanced settings.
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Consumer preferences, emerging technology and merchant incentives have altered the debit market.
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The path forward for banks is not about collecting more data but utilizing what is available to its highest potential.
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By equipping current and future generations with core tax fundamentals, we can collectively help reduce confusion and foster confidence.
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This episode of the ABA Fraudcast describes how social media platforms are capable of stopping use of their sites to host large-scale scams but do not do so because of weak incentives, limited liability and, as recent reporting has revealed, a reluctance to disable an enormously successful business.
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Most fraud programs are designed around systems. But scams succeed because they are fundamentally psychological.
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The President’s Council of Economic Advisers recently released a paper on payment stablecoins that asks: What happens to bank lending if stablecoin issuers are prohibited from paying yield? That is the wrong question for policymakers.
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Legislation to hold social media companies accountable for the scam ads appearing on their platforms would reduce consumer fraud losses by targeting "a key entry point" for the crime, ABA and 52 state bankers associations said in a joint letter to members of Congress.
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The National Credit Union Administration should pause setting up a process through which credit unions can seek approval to issue stablecoins through a subsidiary until the agency has proposed other regulatory safeguards for stablecoin issuers, ABA said in a letter to the agency.
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The FDIC rescinded a 2023 financial institution letter that had stated that banks’ charging representment nonsufficient funds fees may be a deceptive or unfair practice under section 5 of the Federal Trade Commission Act.
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The Consumer Financial Protection Bureau should revise a regular survey on credit card plans to undo changes made by the previous administration that didn’t conform with law, ABA said in a letter to the bureau.
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The Federal Communications Commission has proposed to impose stronger "know your customer" requirements on voice service providers that originate calls, as part of an effort to crack down on illegal scam calls.
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ABA has urged the IRS to clarify how and when a $1,000 pilot contribution to a Trump account can be made to a rollover Trump account at a qualified institution.
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