ABA: ABA and 52 State Bankers Associations Strongly Oppose Attaching Credit Card Rate Caps to GENIUS Act
In a new letter to the Senate today, the American Bankers Association and 52 state bankers associations representing banks of every size expressed strong opposition to any effort to attach the 10 Percent Credit Card Interest Rate Cap Act as a poison-pill amendment to the unrelated GENIUS Act or any other legislative vehicle. The associations outlined why…
ABA: ABA and 52 State Bankers Associations to Senate: Durbin-Marshall Credit Card Mandate Should Not be Attached to GENIUS Act
In a new letter to the Senate today, the American Bankers Association and 52 state bankers associations representing banks of every size expressed strong opposition to the Durbin-Marshall credit card mandate being attached as an amendment to the GENIUS Act or any other legislative vehicle. The letter builds upon the chorus of strong and united industry opposition…
ABA: Financial Trades Express Strong Opposition to Misguided Durbin-Marshall Credit Card Mandate Being Attached to GENIUS Act
In a new letter sent to Majority Leader Thune, Minority Leader Schumer and the entire Senate today, the American Bankers Association, America’s Credit Unions, Association of Military Banks of America, Bank Policy Institute, Consumer Bankers Association, Defense Credit Union Council, Independent Community Bankers of America, Electronic Payments Coalition, Mid-Size Bank Coalition of America, and National Bankers Association…
ABA: ABA Applauds CFPB Withdrawal of Regulatory Guidance
“ABA has long expressed concern about the CFPB’s issuance of ‘guidance’ to advance its regulatory policy agenda, and we welcome the CFPB’s decision to withdraw a substantial amount of that guidance today. While banks welcome guidance that helps them understand and comply with the law, too often in the past the CFPB has characterized something as guidance…
ABA: Treasury Secretary Bessent Partners with ABA Foundation to Promote “Teach Children to Save Day”
Secretary Bessent records video message for students, teachers and banker volunteers participating in the ABA Foundation’s 28th annual Teach Children to Save Day Demonstrating his strong commitment to promoting financial literacy, Treasury Secretary Scott Bessent is partnering with the ABA Foundation in support of its annual Teach Children to Save program. As part of Teach Children…
ABA: New Survey Finds Americans Overwhelmingly Support Financial Education in Schools
A new survey conducted by Morning Consult on behalf of the American Bankers Association Foundation found U.S. adults strongly support youth financial education being taught in schools. According to the data released today, nearly nine-in-10 consumers (87%) agree that financial concepts should be taught in high school and 72% believe they would be better off…
ABA: Trade Groups Welcome Court Decision Vacating CFPB’s Credit Card Late Fee Rule
The American Bankers Association, the U.S. Chamber of Commerce, Fort Worth Chamber of Commerce, Longview Chamber of Commerce, Consumer Bankers Association and Texas Association of Business issued the following statement after today’s ruling from the U.S. District Court for the Northern District of Texas approving our joint motion with the CFPB for consent judgment vacating…
ABA: ABA Applauds House Disapproval of CFPB Overdraft Rule
“We applaud the House’s passage of the Congressional Review Act resolution overturning the CFPB’s eleventh-hour overdraft rule, and we thank House Financial Services Committee Chairman French Hill and Senate Banking Committee Chairman Tim Scott for their leadership on this important issue. Consumers have indicated time and time again that they value and appreciate this highly regulated service…
ABA: New Consumer Polling Data Finds Americans Oppose Policy Changes that Threaten Credit Card Reward Programs
A new survey conducted by Morning Consult on behalf of the American Bankers Association 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’s rewards programs. The survey, unveiled on the second day of ABA’s 2025 Washington Summit, also gauged consumers’…
ABA: National Survey Finds Consumers Happy with their Bank, Applaud Bank Fraud Protection Efforts
Poll also finds strong majority of Americans view banking industry as highly competitive and a source of economic strength Nine in 10 Americans with a bank account (89%) say they are “very satisfied” or “satisfied” with their primary bank and 93% rate their bank’s customer service as “excellent,” “very good” or “good,” according to a…