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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.
Banks worldwide are beginning to experience the benefits of implementing a global multibank strategy, including access to an integrated view of cash management across the entire global enterprise, powered by data and analytics, AI and cloud technologies.
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In the wake of COVID, which digital and branch management changes are with us for good?
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As older Americans—those born before 1965—hold 65% of deposit balances in the U.S., banks have continued to offer more products with terms that are favorable to them, according to the ABA Foundation's 2021 Older Americans Benchmarking Report.
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One in 10 American workers have quit their jobs since spring—fueling upheaval in the labor market and presaging big changes in workplace practices.
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A Cleveland Fed report finds that—despite consolidation—bank branch proximity has remained stable and, in some cases, improved.
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Meet newly elected ABA Chair Scott Anderson. On the podcast, Anderson discusses his goals for ABA during his chairmanship and his perspective on being “creatively entrepreneurial” as a banker.
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In a statement for the record shared ahead of a House Financial Services subcommittee hearing on cyber threats and consumer data, ABA offered support for legislation that “closes regulatory gaps that put the financial system and consumers at risk.”
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In a statement for the record submitted for a House Financial Services Fintech Task Force roundtable on “buy now, pay later” fintech products, ABA emphasized that banks are committed to providing safe credit including through BNPL products “that have appropriate consumer protections.”
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The Financial Stability Board has provided an update on its efforts to enhance the resilience of the nonbank financial intermediation, or shadow banking, sector.
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Acting Comptroller of the Currency Michael Hsu warned that the “rebundling of banking services by fintechs and the fragmented supervision of universal crypto firms pose significant medium- to long-term risks to consumers, businesses and financial stability.”
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In a highly anticipated report, President Biden’s Working Group on Financial Markets—in conjunction with the FDIC and the OCC—examined potential risks and regulatory gaps around stablecoins, and offering recommendations for mitigating these risks.
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The FDIC announced that it is creating a new office to support its engagement with mission-driven banks, including minority depository institutions and community development financial institution banks.
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