ABA: Bank Economists Expect Credit Conditions to Face Continued Challenges over Next Six Months
Credit conditions are expected to soften over the next six months as the labor market weakens and inflation persists, according to the American Bankers Association’s latest Credit Conditions Index released today. ABA’s Credit Conditions Index is a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic Advisory Committee (EAC)….
ABA: ABA and State Bankers Associations Express Support for FDIC Indexing Proposal, Offer Recommendations in Joint Comment Letter
Today, ABA joined 52 state bankers associations from across the country in filing a joint comment letteron the FDIC’s proposal to begin indexing certain regulatory thresholds, applauding the FDIC’s effort to develop a sound and transparent framework while recommending methodological changes to ensure that indexing mechanisms are appropriately tailored to the nature and purpose of each…
ABA: Bank Economists See Slower Growth and Persistent Inflation
The American Bankers Association’s Economic Advisory Committee expects continued slow U.S. economic growth for the remainder of 2025 and a modest pickup in 2026. The group’s latest forecast released today indicates inflation will remain stubbornly high and above the Federal Reserve’s 2% inflation target. The committee, composed of 16 chief economists from some of North…
ABA: ABA Testifies Before House Subcommittee on Escalating Fraud Threats
Today, Paul Benda, executive vice president of risk, fraud and cybersecurity at the American Bankers Association, will testify before the House Financial Services Subcommittee on Oversight and Investigations during a hearing focused on fraud and the threat it poses to American families. In his prepared testimony, Benda highlighted the alarming rise in financial fraud targeting American…
ABA: Officers & Board Nominated for 2025-2026
The American Bankers Association’s Nominating Committee has finalized the official slate of candidates to be presented for election at the association’s annual meeting scheduled for Oct. 21 in Charlotte, N.C. The committee, chaired by Julieann M. Thurlow, president and CEO, Reading Cooperative Bank, Reading, Mass., nominated these candidates for ABA officer positions: The committee also…
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…