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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 stories, digital exclusives, the ABA Banking Journal Podcast and more.
The latest federal data show the banking industry remains well-capitalized, highly liquid and prepared to weather economic headwinds, according to a recently updated Banking Snapshot from ABA.
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First quarter earnings reports are done, and bank shareholder meetings are currently going on, and rarely have these activities been in the public spotlight as they are now in the wake of three significant bank failures.
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A recent episode of NPR’s Marketplace program featured an interview with ABA Chief Policy Officer Naomi Camper about ABA’s advocacy with the Securities and Exchange Commission regarding potentially manipulative short selling activity of certain banks’ stocks.
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Customer satisfaction with online-only banks is growing, although the number of new customers opening direct bank accounts has so far declined this year, according to a new survey by JD Power.
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The CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act represents major change to how banks process and handle small business loans, taking what in many banks is a bespoke, tailored financial product and requiring a whole new way of doing business.
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Lending fraud with small and midsize businesses has increased significantly over the last 12 months, and many financial institutions expect it to get worse, according to a new survey by LexisNexis Risk Solutions.
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Federal banking regulators testified before the House Financial Services Committee during the first of five congressional hearings this week on the recent bank failures, where they were pressed on why supervisors did not elevate concerns raised about Silicon Valley Bank ahead of its closure.
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The U.S. banking system remains sound and resilient, with strong levels of capital and liquidity, though the Federal Reserve emphasized a need for vigilance when it comes to monitoring for risk, according to its latest supervision and regulation report.
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The Federal Housing Finance Agency announced that it is seeking public comment on Fannie Mae and Freddie Mac’s single-family pricing framework and the goals and policy priorities that the agency should pursue.
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FDIC bank examinations are not always effective in identifying risks to customers and banks that participate in government-guaranteed loan programs, the Office of Inspector General determined in a report.
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The FDIC board voted 3-2 to propose a special assessment to make up for losses to the Deposit Insurance Fund caused by regulators’ decision to declare a systemic risk exception in the failures of Silicon Valley Bank and Signature Bank.
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The CFPB issued a circular stating that a bank may violate federal law if it unilaterally reopens a deposit account to process transactions after a consumer has closed the account.
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