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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.
For banks, understanding what constitutes ESG and most prominent global frameworks will be time well invested to raise awareness and prepare for what will follow.
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Mortgage loan officers can leverage social media marketing to build better customer relationships.
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The IRS reporting proposal is not the way to address the tax gap. Most Americans agree, and as more of them learn the details, we expect that number will grow.
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Scott Anderson, a consummate behind-the-scenes leader, steps into the spotlight as ABA’s 2021-22 chair.
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On this episode of the ABA Banking Journal Podcast, Wells Fargo Chief Corporate Economist Richard DeKaser digs into the inflation forecast. With the Consumer Price Index rising 5.4% year-on-year in September, questions continue to simmer about how persistent and long-lasting inflation will be.
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Synthetic identity fraud, where fraudsters create an artificial identity out of multiple pieces of real and fabricated data, resulted in $20 billion in losses for U.S. banks and financial institutions in 2020, according to a new report from software company FiVerity.
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In a two-to-one vote today, a deeply divided National Credit Union Administration board approved an ABA-opposed proposal that would expand the range of permissible lending activity for credit union service organizations, or CUSOs.
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A group of 202 House Republican lawmakers, led by Rep. Tom Emmer (R-Minn.), wrote to Treasury Secretary Janet Yellen urging the administration and Democratic lawmakers to abandon a controversial proposal that would require financial institutions to report information on gross inflows and outflows to the Internal Revenue Service for all accounts above a certain de minimis threshold.
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In a joint statement today, the federal and state banking regulators emphasized that supervised institutions are expected to continue to transition away from Libor ahead of the scheduled Dec. 31, 2021 sunset of several Libor tenors.
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Esther George, president and CEO of the Federal Reserve Bank of Kansas City announced that the FedNow payment system is now expected to be ready in 2023.
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ABA provided detailed feedback on interagency third-party risk management guidance proposed by the Federal Reserve, FDIC and OCC.
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As banks prepare for the forthcoming cessation of Libor, the OCC released an updated self-assessment tool for banks to evaluate their preparedness for transitioning away from Libor to an alternate reference rate, such as the Secured Overnight Financing Rate.
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