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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.
There’s a banking tie-in to a topic dominating pop culture.
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The multiyear effort to change the credit scoring models required by Fannie Mae and Freddie Mac continues to move forward, and mortgage lenders, credit officers and compliance professionals need to know the latest developments.
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Cybercriminals are professionalizing and a new threat is on the rise.
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AI-generated messages and images can create realistic impersonations, which enable criminals to launch highly effective frauds at scale.
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The goal of First Interstate Bank’s 2022 volunteer day campaign was twofold: to enhance the culture of giving back among employees and to share that commitment to community in new markets following a merger. For its efforts across multiple communities, the Billings, Montana-based bank earned the 2023 ABA Brand Slam Award in the Public Relations / Community Engagement category.
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A proposed credit card routing mandate bill would result in the transfer of billions of dollars from consumers to the nation’s largest retailers, with small businesses seeing little to no benefit, according to new research.
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A Federal Trade Commission proposal to prohibit unfair or deceptive practices relating to fees for goods or services risks creating substantial confusion about the cost of financial products and exceeds the agency’s statutory jurisdiction, ABA and the Consumer Bankers Association said.
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The Department of Commerce announced the creation of the U.S. AI Safety Institute Consortium, an advisory group with representatives from more than 200 businesses and organizations tasked with exploring the development and deployment of safe artificial intelligence technologies.
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The National Credit Union Administration is planning to require credit unions with more than $1 billion in assets to report their overdraft fees and nonsufficient fund fees, NCUA Chairman Todd Harper said.
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The Federal Reserve, FDIC and OCC published the first in a series of requests for public comment on reducing the regulatory burden for financial institutions.
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ABA, the U.S. Chamber of Commerce and five national and state associations today sued the Federal Reserve, FDIC and OCC for exceeding their statutory authority with their recent amendments to final rules implementing the Community Reinvestment Act.
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ABA joined the U.S. Chamber of Commerce and dozens of national and state business groups in a letter urging House lawmakers to strengthen small business input in the Regulatory Flexibility Act.
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