ABA: ABA Testifies at Senate Banking Committee Hearing on Deposit Insurance Reform
Today, Kenneth Kelly, chairman and CEO of Detroit-based First Independence Bank and chair-elect of the American Bankers Association, will testify on behalf of ABA at a hearing of the Senate Banking Committee exploring perspectives on deposit insurance reform. In his testimony, Kelly outlined ABA’s perspective on how the deposit insurance system “could be modernized to reflect…
ABA: ABA Testifies Before Congress on Strengthening Bank Resilience and Modernizing Regulation
Hugh Carney, executive vice president for financial institutions policy and regulatory affairs at the American Bankers Association, will testify today before the House Financial Services Subcommittee on Financial Institutions during a hearing titled “Promoting the Health of the Banking Sector: Reforming Resolution and Broadening Funding Access for Long-Term Resilience.” In his prepared testimony, Carney outlined four key policy…
ABA: Foundation and FBI Release New Infographic to Help Americans Spot and Avoid Deepfake Scams
As artificial intelligence (AI) continues to evolve, so do the tactics of scammers who exploit this technology to deceive and defraud consumers. Today, the American Bankers Association Foundation and the Federal Bureau of Investigation released a new infographic aimed at educating the public about the growing threat of deepfake scams. The infographic highlights how AI-generated or manipulated…
ABA: Foundation Encourages Banks to Host “Lights, Camera, Save!” Teen Video Contest
Teens compete for awards worth as much as $10,000 in this national competition sponsored by Visa The American Bankers Association Foundation is urging banks across the country to participate in its upcoming 15th annual Lights, Camera, Save! video competition that runs from Oct.1 to Nov. 30. Lights, Camera, Save! is a national contest that encourages teens to…
ABA: Bank Trade Associations Respond to Financial Technology Association Letter that Seeks to Mislead Trump Administration about Open Banking
The Financial Technology Association teamed up with an interesting mix of data aggregators and fintech companies to issue a letter to the President today urging the Administration to undermine free markets and engage in government price fixing. The American Bankers Association, the Bank Policy Institute and Consumer Bankers Association issued this response: Banks don’t charge consumers…
ABA: Joint Bank Trade Statement Issued on Free and Fair Banking Executive Order
The American Bankers Association, Bank Policy Institute, Consumer Bankers Association and Financial Services Forum issued a statement today responding to President Donald Trump’s Executive Order to promote access to financial services in America. “Today’s Executive Order helps ensure all consumers and businesses are treated fairly, a goal the nation’s banks share with the Administration. It’s in…
ABA: Foundation Launches Guide for Nonprofits on Forming Bank Partnerships
The American Bankers Association Foundation today released a new resource for nonprofit organizations on how to establish and maintain bank partnerships. The guide, “The Power of Collaboration: A Guide for Nonprofits to Partner with Banks,” aims to help organizations learn more about the business of banking and how to foster strong, mutually beneficial partnerships that can lift…
ABA: U.S. Farm Banks Deliver Strong Growth and Stability in 2024, Reinforce Vital Role in Agricultural Credit
The American Bankers Association today released its annual Farm Bank Performance Report highlighting the critical role farm banks played in supporting U.S. agriculture in 2024. Despite continued challenges from global uncertainty and lingering supply chain disruptions, farm banks posted solid financial performance, improved asset quality and increased lending to America’s farmers and ranchers. The U.S. banking industry…
ABA: ABA Donates $10,000 to Flood Relief Efforts in Texas, Urges Bankers to Contribute
In the aftermath of the recent catastrophic flooding in Central Texas, the American Bankers Association will donate $10,000 to Texas Bankers Foundation, the charitable arm of the Texas Bankers Association, to assist with immediate disaster response and recovery. The Texas Bankers Foundation has established a page for online donations to provide immediate financial assistance for…
ABA: Bank Economists Project Credit Conditions May Weaken for Consumers and Businesses Over the Next Six Months
Credit conditions are expected to soften over the next six months as businesses and consumers wait for greater clarity on the economic outlook especially trade policy, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for…