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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 use of artificial intelligence is a game changer for banks to provide the services their customers are increasingly seeking online. Automation through the use of AI means that a tedious process, such as bank account openings or risk assessments, can be done more efficiently. While there are clear benefits, AI tools also bring risk.
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Using free manipulation software that requires little practice or expertise, criminals have introduced a new and disturbing wrinkle in today’s cybersecurity landscape.
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The past three years have been a transformative time for banks. Here's how Stonier helped bankers toss out old playbooks and write new ones on the fly.
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On the latest episode of the ABA Banking Journal Podcast, Neil Stevens, president and CEO of Oconee State Bank in Oconee, Georgia, discusses his approach to cultivating a bank where engagement scores have climbed to 89 percent, triple the national average.
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Women make up more than half the total number of employees working in the banking industry today, but the share of women who currently hold the CEO title is currently hovering around a mere 7.5 percent.
A lack of diversity at the highest levels of a banking organization might mean missed opportunities.
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Nearly six in 10 chief finance officers at U.S. businesses are positive about the three-year outlook for the economy, although concerns about geopolitical tension have risen, according to a new survey by U.S. Bank.
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The Consumer Financial Protection Bureau has published research alleging that when financial institutions attach “complex” pricing structures to products such as credit cards, mortgages and checking accounts, consumers pay more for those products.
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President Biden signed a national security memorandum launching what the White House characterized as a comprehensive effort to protect U.S. infrastructure against all threats and hazards. Among other things, the memo keeps the Treasury Department as the agency coordinating risk management efforts in the financial sector.
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The Community Development Financial Institutions Fund has kicked off the application process for the 2024 funding round of the Bank Enterprise Award Program. Through the program, the CDFI Fund provides monetary awards to FDIC-insured banks and thrifts that successfully demonstrate an increase in CDFI investments or in lending, investing or service activities in the most economically distressed communities.
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Before it makes changes to the rule spelling out the policies and procedures banks must have in place to collect beneficial ownership information for their small business customers, the Financial Crimes Enforcement Network needs to accurately calculate the burden that collection currently places on financial institutions, the ABA said in a letter to the agency.
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The Federal Housing Finance Agency issued a final rule to codify many of its existing practices and programs regarding fair housing and fair lending oversight of its regulated entities: Fannie Mae, Freddie Mac and the Federal Home Loan Banks.
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The FDIC Board tabled two resolutions concerning bank control after both failed to gain majority support, with their sponsors promising to bring them back at a later date following further refinement.
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