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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 and other email bulletins.
Seven years after the worst financial crisis in the U.S. since the Great Depression, the percentage of Americans expressing "a great deal" or "quite a lot" of confidence in banks remains low (28%), but this is higher than their 21% confidence in 2012. (Gallup)
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Within the first 10 minutes of general availability for .bank domain names, more than 3,000 applications were received. (ABA Banking Journal)
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For a glimpse of how financial technology is bringing together some unlikely bedfellows, look no further than the partnership between online upstart Lending Club Corp. and Rhode Island’s 200-year-old BankNewport. (Wall Street Journal)
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Under pressure to cut costs and eliminate waste, large lenders including J.P. Morgan Chase & Co., Citigroup Inc. and Bank of America Corp. are either eliminating or considering paring back a service once seen as essential to bank workers as calculators and business cards. (Wall Street Journal)
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About a third of consumers are using digital banking, such as mobile apps or a bank’s website, more this year than last, according to a survey by J.P. Morgan Chase & Co. Of those, 54 percent banked digitally while at work and 17 percent said they banked while on a date. (Wall Street Journal)
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New software can identify where a bitcoin has come from—a breakthrough that could make banks way more interested in the digital currency. (Business Insider)
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It’s not just teenagers who’d rather look at their phones than talk to people. Bank account holders feel that way too, according to new research. (Money)
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Following intensive advocacy by ABA and others, the Consumer Financial Protection Bureau Director announced it would push back the effective date of the TILA-RESPA integrated disclosures by two months, from Aug. 1 to Oct. 1. (ABA Banking Journal)
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The Federal Communications Commission granted the bulk of a petition ABA filed last October urging the FCC to exempt time-sensitive calls and texts from restrictions on certain mobile alerts. (ABA Banking Journal)
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Americans expect companies with which they do business to protect their sensitive personal and financial data. Yet, the reality is American consumers are under constant threat of identity theft and fraud due to lax security practices that leave the door open to cyber criminals. (The Hill)
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The Basel Committee on Banking Supervision has finalized a common format for internationally active banks to disclose the Net Stable Funding Ratio standard that is expected to take effect in January 2018 following rulemaking in individual countries. (ABA Banking Journal)
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ABA launched its new Center for Bank Derivatives Policy, which brings together resources for banks focused on the derivatives market. (ABA Banking Journal)
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September 27-October 2
Emory Conference Center & Hotel, Atlanta, GA
September 27-October 2
Emory Conference Center & Hotel, Atlanta, GA
October 4-6
Hyatt Regency Denver, Denver, CO
October 12-14
JW Marriott Grande Lakes, Orlando, FL
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Have you read the July/August issue of ABA Banking Journal yet? If not, read it here. And let us know what you think by taking our brief survey.
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