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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.
In a new ABA Pandemic Update podcast, ABA’s Paul Benda provides the latest on COVID-19 cases and vaccination rates, noting that the vaccination of older Americans has reduced COVID deaths even as cases have risen in certain parts of the country.
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Despite the expansion of the monetary base, inflation forecasts remain conservative because there is still breathing room left for demand growth.
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The pandemic encouraged more people to consider opening a bank account online, according to a new FICO survey released this week.
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An increase in lawsuits and other factors mean a larger focus on accessibility of bank digital assets.
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Banks report improvements in their core provider relationships—and feel better equipped to navigate the core marketplace.
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Volunteer bankers will teach more than 70,000 students the fundamentals of financial literacy and the importance of saving for the unexpected as part of this year's Teach Children to Save Day on April 22.
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In a letter to Acting Comptroller of the Currency Blake Paulson, ABA President and CEO Rob Nichols raised concerns about recent attempts by credit unions to purchase federally chartered banks, including federal mutual savings associations.
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To help expand access to banking services and promote financial inclusion, Rep. Andy Barr (R-Ky.) introduced H.R. 2561, the Promoting Access to Capital in Underbanked Communities Act of 2021, which would establish a three-year phase-in period for new banks to comply with federal capital standards, among other provisions designed to promote de novo formation.
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Neither the Federal Housing Finance Agency or the banking industry “currently have the expertise to recommend or make changes to enhance the supervisory and regulatory framework” of Fannie Mae, Freddie Mac and the Federal Home Loan Banks with regard to climate-related factors, ABA said in a letter to FHFA.
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ABA has joined several other financial trade groups in urging the House Committee on Financial Services to advance H.R. 1277, the Improving Corporate Governance through Diversity Act of 2021.
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ABA has joined a coalition of nine other trade associations in a letter opposing a bill introduced in the California State Assembly that would create a public banking program, BankCal, within the state treasurer’s office that would provide financial services to California residents.
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In two letters to House leaders, ABA and 51 state bankers associations expressed support for the SAFE Banking Act of 2021, which would provide a safe harbor for depository institutions seeking to serve legitimate cannabis-related businesses in states where such activity is legal.
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