Tag: American Bankers Association

February 6, 2024

Several industry groups sued US regulators to block recent overhauls to the Community Reinvestment Act, arguing the new rules meant to tackle redlining and boost lending to lower-income areas will actually discourage banks from lending. The American Bankers Association, U.S. […]

August 31, 2022

Withdrawing guidance permitting banks to engage in cryptocurrency-related activities won’t address the risks presented by nonbank crypto firms and won’t promote a safer marketplace for consumers and investors, two trade groups wrote last week in a letter to the Office […]

May 31, 2022

Your bank’s most valuable customers are also its most vulnerable. Americans born before 1965 hold 65% of bank deposits in the U.S., according to the American Bankers Association 2021 Older Americans Benchmarking Report. They are also routinely targeted by criminals: […]

December 8, 2021

The Consumer Financial Protection Bureau (CFPB) needs to protect consumers from big technology companies eager to make inroads in the payments processing business, according to comments filed this week with the agency by two bank industry trade groups. The American […]

October 26, 2021

The ABA survey found 33% of bank customers said mobile apps were their preferred banking channel before the pandemic pandemic, compared with 44% since. “Digital banking was on the rise long before COVID-19, but the growth in mobile app use […]

June 23, 2021

Credit card rewards are accessible, valuable, and well-understood by consumers across all income levels according to a new report from the American Bankers Association. ABA examined rewards cards and their value to various participants in the credit card market, including […]

June 11, 2021

The chief economists of North America’s largest banks expect a sustained rebound in both consumer and business credit market conditions over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary […]

June 1, 2021

The American Bankers Association has added three banks to the ABA NASDAQ Community Bank Index (ABAQ), effective June 1, 2021. The index includes 301 community banks with $309.8 billion in market capitalization. The index is calculated on both a total […]

May 13, 2021

The consumer credit recovery continued in the fourth quarter of 2020, building off trends established last fall, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Monthly purchase volumes improved across risk groups for the second consecutive […]

October 1, 2020

The public facing campaign, #BanksNeverAskThat, is a fresh, bold plug-and-play campaign that fights phishing fraud by turning bank customers into expert scam spotters. It launches as the industry kicks off Cybersecurity Awareness Month in October. “This campaign is an unprecedented […]

October 3, 2017

Some of the most aggressive bank fees are also the most avoidable. ATM fees hit a new high for the 11th consecutive year, according to a study of fees by personal-finance site Bankrate.com. The survey looked at 10 banks and […]