ABA Banking Journal
May 15, 2026

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.

Moody's Analytics, Inc.®
Rethinking the Credit Memo: From Static Document to Data
Wholesale banks have modernized risk, data, and regulatory systems, yet the credit memo remains trapped in documents and workflows. This structural flaw drives inefficiency, regulatory risk, and costly redesign cycles. Treating the credit memo as a governed data object, not a document, enables faster change, stronger control, and an order of magnitude improvement in credit governance. 
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Industry News
As a community bank president and past chair of the Ohio Bankers League, Jenny Saunders has been part of many conversations with top policymakers on bank issues. On this episode of the ABA Banking Journal Podcast she discusses how she talks about stablecoin and cryptocurrency issues with members of Congress.
 
To ensure the highest level of security, what does the right level of friction in the process look like?
 
Two practical steps toward simplifying the loan loss accounting standard: anchoring estimates in public data and an enhanced SCALE.
 
Consumer trust in banks remains significantly higher than in cryptocurrencies, according to the results of a recent survey commissioned by CoinDesk.
 
Data Center, Inc. (DCI)
IntraFi LLC
Banks know that complying with complex federal and state regulations is a cost of doing business. Savvy institutions also recognize that well-designed compliance toolkits can advance business objectives and support revenue growth.
 
Seeing projected monthly income at different claiming ages made Social Security feel real — not theoretical.
 
Banks’ anti-fraud measures seek to keep pace with fraudsters’ innovations.
 
Jack Henry & Associates, Inc.®
5 digital account opening myths hindering banks today
Digital account opening is no longer optional, but essential for growth, efficiency, and competitiveness in today’s banking environment. Modern platforms can reduce fraud, integrate with existing systems, meet strong consumer demand, and lower operational costs. Explore the five common myths that often prevent banks from adopting digital account opening and seizing key market opportunities.
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Policy News
In a letter to bank CEOs, ABA President and CEO Rob Nichols urged bank leaders across the country to join an industry-wide effort to convince senators to improve digital asset market structure legislation before a key committee vote.
 
The IRS should allow all banks to serve as trustees of initial Trump accounts for children rather than just rollover Trump accounts, the American Bankers Association said today in a letter to the agency.
 
ABA and the Kentucky Bankers Association have released a new ad highlighting Rep. Andy Barr’s (R-Ky.) support of legislation to strengthen the economy and encouraging him to continue his efforts.
 
Wolters Kluwer Financial Services
DDJ Myers
The House has passed several ABA-advocated bills focused on streamlining community bank regulation. All three passed by voice votes.
 
Tennessee has become the second state to ban the use of convertible virtual currency kiosks – also known as “crypto ATMs” – amid concerns about their use in facilitating scams.
 
West Publishing Corporation®
88% faster response times with Confirmation APIs
Confirmation Application Programming Interfaces (APIs) automate your entire confirmation workflow. Complete hundreds of responses in minutes instead of days. Leading banks achieve 90% faster response times with our AutoProcess API using straight-through processing. Eliminate manual data entry, reduce errors, and keep your clients' audits on track. Join 4 of the top 5 US banks already using our APIs to transform their confirmation process.
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