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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.
In today’s environment of elevated interest rates and a tech sector market correction, how is the banking-as-a-service landscape shaking out?
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Banks can use low-code no-code tools to drive innovation and customize and automate workflows even if they don’t have staff with highly technical coding experience.
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Nearly two-thirds (62%) of retail bank customers do not recall receiving financial advice from their bank in the past year, even though personalized advice is correlated with higher customer satisfaction and engagement, J.D. Power said in a new survey on the topic.
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What does a bank have to do with a month-long celebration of powerful women in hospitality? A recent wildly successful effort by Fidelity Bank in Louisiana proved to be a case study in addressing a niche market typically not in the forefront of businesses.
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Some bankers would rather get a root canal than do a core conversion. Here’s why others are finding the conversion option attractive.
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At least 17% of all COVID-19 economic injury disaster and payment protection program loans were disbursed to potentially fraudulent actors, the Small Business Administration Office of Inspector General said in a report on fraud in the pandemic-era assistance programs.
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ABA offered feedback on Nacha’s recent proposal to amend nine of its operating rules on credit risk and debit risk management.
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New capital requirements for financial institutions could unnecessarily hinder bank lending and diminish competition, Federal Reserve Governor Michelle Bowman said.
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A series of proposed changes restricting access to America Invents Act post-grant proceedings before the Patent Trial and Appeal Board are contrary to congressional intent and create unnecessary hurdles for businesses that are sued by entities on weak patents that should have never been issued, the ABA and six associations said.
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The Federal Trade Commission should push for a harmonized approach to financial sector adoption of cloud computing services by leveraging the work of other federal agencies and working with foreign entities, ABA said.
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The Federal Housing Administration announced that it will require lenders to submit information about borrowers’ preferred language and any housing education they have received when originating mortgages for FHA insurance.
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The recent bank failures show that banks with more than $100 billion in assets can pose genuine financial stability risks, and federal regulators will take that into account as they craft new capital requirements, FDIC Chairman Martin Gruenberg said.
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