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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.
Christian Ruppe co-founded a fintech firm when he was in college—and later he brought his experience in-house in the community banking space. On thhis episode of the ABA Banking Journal Podcast, Ruppe talks about Colony Bank’s strategy to build middleware that will enable more rapid innovation.
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With the right training and tools, contact centers can be a central element of a bank’s strategy to affirm its commitment to ESG and build customer loyalty and trust.
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Buy-now-pay-later services have exploded in popularity with five BNPL lenders reporting a near tenfold increase in the number of loans issued since 2019, the Consumer Financial Protection Bureau said in a new study.
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After a long legislative and regulatory advocacy effort, federal thrifts can finally elect “covered savings association” status, allowing them to exercise national bank powers without having to change their charters, holding companies or cultural identities as savings institutions.
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Banks are experiencing a “dramatic increase” in nonofficer turnover despite offering attractive compensation and benefits, according to the most recent bank compensation and benefits survey by consulting firm Crowe.
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The Consumer Financial Protection Bureau’s most recent annual report on residential mortgage lending activity shows a shift from refinance loans in 2020 to home purchase loans in 2021.
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The CEOs of the nation’s seven largest retail banks testified before the House Financial Services Committee this week in a hearing that touched on a wide range of topics, although high inflation and the Federal Reserve’s decision the same day to once again raise the federal funds rate loomed large.
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Reps. Peter Welch (D-Vt.) and Lance Gooden (R-Texas) introduced a companion bill to the Credit Card Competition Act of 2022, which would create new credit card routing mandates that will affect banks that issue credit.
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In comments filed with the Federal Communications Commission, ABA urged the Federal Communications Commission to take steps to stop the illegal ‘spoofing’ of outbound calls placed by banks.
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The Treasury Department is seeking public input regarding illicit finance and national security risks posed by digital assets.
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In a joint statement, the Federal Reserve, FDIC and the Office of the Comptroller of the Currency announced they had “reaffirmed” their commitment to implementing enhanced regulatory capital requirements that align with Basel III standards and will issue a joint proposed rule “as soon as possible.”
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The Consumer Financial Protection Bureau under Director Rohit Chopra is pursuing “a radical and highly-politicized agenda unbounded by statutory limits,” the 12 Republican members of the Senate Banking Committee said in a letter to the agency.
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