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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.
U.S. consumers plan to spend an average of $654 on holiday gifts this holiday season, up from $613 in 2022. In contrast, consumers expect to spend much less on non-gift holiday items such as food and decorations – only $330 this year compared to $393 in 2022.
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Equipping your institution with the right tools and a well-crafted strategy can help you stay one step ahead, mitigate loss and maintain customer trust and loyalty.
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Middle market businesses don’t get all the love or the press, but they are critically important nonetheless. Here’s the outlook for this sector going into 2024.
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For new couples, does the decision of how to organize their finances — separate accounts, a joint account or a blend of the two — matter? On this ABA Banking Journal Podcast episode, Indiana University marketing professor Jenny Olson discusses new research that provides an answer.
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In the face of marketing challenges, banks that embrace enhanced marketing techniques are most successful attracting and retaining corporate clients.
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Most Americans say they are comfortable managing their debt despite higher prices and debt obligations, according to a recent survey by the National Foundation for Credit Counseling.
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In a letter to House leaders, ABA urged lawmakers to approve a Senate joint resolution to overturn the CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act, which requires the collection and reporting of credit application data for small businesses.
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Federal regulators are seeing banks enter a growing number of third-party relationships to provide technology services, so it is important for those institutions to make sure their third-party risk management practices are sound to avoid potential supervisory problems down the road, representatives from four banking agencies said.
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The Federal Housing Finance Agency published a final rule that amends several provisions of the enterprise regulatory capital framework for Fannie Mae and Freddie Mac.
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Citing the nascent state of climate reporting and the resulting confusion by stakeholders of internal control requirements, ABA urged the International Auditing and Assurance Standards Board “to take a leading role in educating stakeholders as to the many demands of the assurance process, including the related costs and internal controls that will likely be needed” by companies reporting sustainability-related information.
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As part of its ongoing work to address climate-related financial risks to the global banking system, the Basel Committee on Banking Supervision published a consultation paper outlining a rationale and approach for disclosure of these risks under Pillar 3 of the Basel framework.
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Regulatory priorities for the Treasury Department in combating illicit finance include closing the legal and regulatory loopholes that bad actors exploit and increasing transparency in the real estate sector, Under Secretary for Terrorism and Financial Intelligence Brian Nelson said.
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