ABA: Officers Nominated for 2026-2027
The American Bankers Association’s Nominating Committee has finalized the official slate of officers to be presented for election at the association’s annual meeting scheduled for Oct. 27 in Salt Lake City. The committee, chaired by John C. Asbury, chief executive officer, Atlantic Union Bankshares Corp., Richmond, Va., nominated the following candidates for ABA officer positions:…
ABA: ABA, ICBA Join State Associations in Urging Senate to Strengthen Stablecoin Yield Provisions in Clarity Act
In a new letter to Senate Majority Leader John Thune and Minority Leader Charles Schumer today, the American Bankers Association and Independent Community Bankers of America joined 76 state associations representing thousands of community financial institutions across the country expressing genuine concerns with the Clarity Act and urging targeted changes to provide greater certainty that payment stablecoins…
ABA: Statement Issued on Nomination of Brian Johnson as CFPB Director
“We applaud President Trump’s nomination of Brian Johnson to serve as the next director of the CFPB. Brian has a distinguished track record in bank regulatory policy both at the Bureau and on Capitol Hill, and he will bring a thoughtful approach to setting the Bureau’s priorities in the years ahead if confirmed. The Bureau…
ABA: Bank Economists Find that Credit Conditions Expected to Hold Stable Over Next Six Months
While credit conditions are expected to continue softening slightly over the next six months as the labor market encounters headwinds and the economy handles external shocks, they are expected to remain stable according to the American Bankers Association’s latest Credit Conditions Index released today. ABA’s Credit Conditions Index examines a suite of indices derived from…
ABA: New Survey Shows Americans Strongly Support Prohibiting Crypto Companies from Offering Yield-Like Rewards for Holding Stablecoin
As Senate prepares to consider digital asset legislation, national survey shows Americans support rules that protect the bank deposits that drive local lending and economic activity As the U.S. Senate prepares to consider the Clarity Act creating the first-ever rules for digital assets like stablecoin, a new survey conducted by Morning Consult on behalf of…
ABA: Statement Issued on Executive Order Promoting Advanced AI Innovation and Security
“We welcome today’s executive order as a constructive step toward strengthening the nation’s approach to managing the cybersecurity risks and opportunities associated with advanced artificial intelligence. Establishing a voluntary framework for government and industry collaboration, improving coordination around vulnerability identification and remediation, and expanding access to advanced cybersecurity capabilities can help better protect critical infrastructure,…
ABA: Bank and Credit Union Groups Issue Statement on Illinois General Assembly Vote to Delay Illinois Interchange Fee Prohibition Act Implementation
The American Bankers Association, Illinois Bankers Association, America’s Credit Unions and the Illinois Credit Union League issued the following statement after the Illinois General Assembly voted to delay implementation of the Illinois Interchange Fee Prohibition Act (IFPA) for one year: “We welcome the Illinois General Assembly’s decision to once again delay the IFPA implementation deadline for another…
ABA: Co-Plaintiffs Commend OCC Interim Final Actions Affirming Federal Preemption in New Comment Letters
In new comment letters filed today, the Illinois Bankers Association, Illinois Credit Union League, American Bankers Association and America’s Credit Unions expressed strong support for both the Office of the Comptroller of the Currency’s interim final rule on national bank non-interest charges and fees and the OCC’s interim final order preempting the Illinois Interchange Fee…
ABA: Statement Issued on New Banking-Related Executive Orders
ABA issued the following statement from ABA President and CEO Rob Nichols after the White House released two executive orders related to the banking sector: “ABA has long believed that any player in the financial services marketplace looking to offer bank-like services should be required to meet the same rigorous regulatory and consumer protection requirements….
Banking Trades Issue Statement on Senate Banking Committee Vote to Advance Clarity Act
Following today’s Senate Banking Committee vote to advance the Digital Asset Market Clarity Act, the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum, Independent Community Bankers of America and National Bankers Association issued the following joint statement: “Today’s Senate Banking Committee vote on the Clarity Act marks an important step in…