ABA Banking Journal
October 30, 2015

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.

Industry News
With many banks showing a limited appetite for making small loans, supply-chain financing offers smaller businesses better access to cash. (Wall Street Journal)
Keating says retailers need to focus on protecting their customers’ data before it gets breached. (The Hill)
Geography hardly seems to matter when it comes to the performance of publicly traded community banks. (American Banker)
The four largest nationwide banks—JPMorgan Chase, Bank of America, Citigroup and Wells Fargo—have implemented or agreed to implement the Bank On National Account Standards for bank products that are low-cost, low-fee and overdraft-free. (ABA Banking Journal)
Nearly three-quarters of millennials with a bank account visit a branch once or less per month. (Business Insider)
Policy News
The FDIC has proposed a change in deposit insurance assessments that implements a Dodd-Frank Act provision requiring banks with over $10 billion in assets to be responsible for recapitalizing the FDIC insurance fund to 1.35 percent of insured deposits after it reaches a 1.15 percent reserve ratio. (ABA Banking Journal)
Colorado's attempt to create a bank to service its marijuana industry has suffered another setback by the federal government and could be facing an impossible dilemma. (NBC News)
A majority of banks in South Florida plan to spend at least 10 percent more in the next year to fight fraud and comply with federal regulations, a new report says. (Sun Sentinel)
The House passed ABA-backed legislation requiring the Department of Labor to wait to finalize its controversial rule redefining who counts as a fiduciary under the Employee Retirement Income Security Act until after the SEC acts on its own rule. (ABA Banking Journal)
PULSE, a Discover company
The Department of Education finalized a rule that would limit the kinds of arrangements colleges can make with banks that disburse funds to students from federally guaranteed student loans. (ABA Banking Journal)
PULSE, a Discover company
November 8-10
Los Angeles, CA
January 24-27
Naples, FL



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