Meet John Asbury, ABA’s 2024-25 chair and CEO of Atlantic Union Bank.

John Asbury didn’t need a new job in 2016, but when he saw an opportunity build something lost in the 1990s — what he calls “the great Virginia regional bank” — he took it. Eight years later, Richmond-based Atlantic Union Bank has more than tripled in size and is on track to reach nearly $40 billion in assets. On this episode of the ABA Banking Journal Podcast, Asbury talks about the transformation of the bank.

Five-year Farm Bill passage in 2024 remains on table but uncertain.

The data don’t support a doom narrative on banks’ multifamily CRE exposures. Structural forces predict continued strong performance of multifamily loans.

What do chatbots and voice recognition systems have in common? Like some of us, they aren’t great at small talk.

Crypto investment scams cost Americans billions of dollars. The scammers start small with confidence or romance scams and gradually work their way up to demanding ever larger "investments."

The Federal Reserve’s senior loan officer opinion survey, or SLOOS, is a cornerstone for understanding how credit standards and loan demand are shifting within the banking industry. 

The ABA has encouraged federal banking agencies to use a legally required review of their regulations to provide meaningful relief for banks, which would enable them to better serve their customers.

A new survey conducted by Morning Consult on behalf of ABA found that a strong majority of U.S. consumers are happy with their credit cards and do not want the government to interfere with their card rewards programs. 

Calling fraud an “insidious problem” that affects the financial and psychological well-being of millions of Americans, ABA President and CEO Rob Nichols called for immediate government action to develop a national fraud and scam prevention strategy. 

In a keynote speech at the ABA Annual Convention this week, Treasury Secretary Janet Yellen unveiled a new National Strategy for Financial Inclusion focused on access to transaction accounts, safe and affordable credit, and savings and retirement opportunities. It also focuses on actions the federal government can take in its payment and support programs and enhancing the protection of consumers from illegal and predatory practices.

The Federal Housing Finance Agency announced updates to several Fannie Mae and Freddie Mac policies that the agency said are intended to promote cost savings in the single-family mortgage market. The policy revisions came about after “robust engagement” with public- and private-sector stakeholders, FHFA said.

The Consumer Financial Protection Bureau has released the final rule implementing Section 1033 of the Dodd-Frank Act, which requires banks and other financial institutions to make a consumer’s financial information available to them or a third party at the consumer’s direction.