ABA: National Survey Finds Record Number of Bank Customers Use Mobile Apps More Than Any Other Channel to Manage Their Accounts
Results also show 96% of Americans think highly of their bank’s digital banking experience More than half of U.S. consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The national survey found that consumers…
ABA: FDIC Urged to Withdraw Brokered Deposit Proposal
In a comment letter submitted today to the FDIC, the American Bankers Association called on the agency to withdraw proposed revisions to regulations concerning brokered deposits to avoid harming banks of all sizes and the customers they serve. The ABA letter argues that the proposal does not meet the legal standards required for rulemaking under the Administrative…
ABA: Associations Representing Banks and Credit Unions of All Sizes Call on Congress to Reject New Credit Card Mandates
Any legislative initiatives to expand the power of the federal government to intervene in the U.S. credit card market would harm small businesses and consumers across the country, the American Bankers Association, America’s Credit Unions, Bank Policy Institute, Consumer Bankers Association, Electronic Payments Coalition, Independent Community Bankers of America, Mid-Size Bank Coalition of America, and…
ABA: Ag Lender Survey Shows Farm Profitability Expected to Decline in 2024
ABA, Farmer Mac survey results revealed at ABA Agricultural Bankers Conference in Milwaukee Agricultural lenders expect only 58% of borrowers will remain profitable this year compared to 78% last year, according to the 2024 Ag Lender Survey report produced jointly by the American Bankers Association and the Federal Agricultural Mortgage Corporation, more commonly known as Farmer Mac (NYSE:…
ABA: National Survey Finds Majority of U.S. Consumers Think Congress Should Hold Credit Unions Accountable to Same Legal Standards as Banks
U.S. consumers believe federal credit unions should be held accountable for meeting the same legal standards as the banks they compete with for customers every day, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. In addition, three times as many consumers believe credit unions should pay federal…
ABA: New National Consumer Polling Data on Major Bank Policy Issues Unveiled
Strong majorities value credit cards and overdraft protection, oppose lowering debit interchange fees, and support cannabis banking 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…
ABA: Board and Officers Elected for 2024–2025
Members attending the American Bankers Association’s annual convention in New York City have elected new ABA officers and directors to serve on ABA’s board for the 2024-2025 association year. The new officers are: CHAIR: John C. Asbury, chief executive officer, Atlantic Union Bancshares Corp., Richmond, Va.; CHAIR-ELECT: Kenneth Kelly, chairman and CEO, First Independence Bank, Detroit; VICE…
ABA: Atlantic Union Bank CEO John C. Asbury Elected as New ABA Chair
The American Bankers Association today elected John C. Asbury as its chair for the 2024 – 2025 association year at ABA’s annual convention held in New York City. Asbury is the president and CEO of Atlantic Union Bankshares and CEO of Atlantic Union Bank, a Richmond, Va.-based bank with 109 branches in Virginia, Maryland and…
ABA: National Survey Finds U.S. Consumers are Happy with Their Bank, View Banks as Source of Strength for the Economy
Poll also finds Americans trust banks more than other industries to protect them from fraud In a nation deeply divided just a week ahead of Election Day, a new national survey shows Americans agree on one thing: they like their bank. Nearly 9 in 10 Americans with a bank account (85%) say they are “very…
ABA: South Carolina Banker Elected as Chair of ABA’s Community Bankers Council
The American Bankers Association has elected Jennifer T. Jones as chair of ABA’s Community Bankers Council for the 2024-2025 association year. Jones is president and CEO of CBL State Savings Bank, a 117-year-old institution headquartered in Greer, S.C. The Community Bankers Council consists of bank presidents and CEOs from across the country. Members meet twice…