ABA: New Consumer Polling Data on Major Bank Policy Issues Released
National survey finds strong majorities are happy with their bank, view banking as “highly competitive,” value credit cards, and are concerned about the impact of new bank regulation Nine in 10 Americans with a bank account (87%) say they are “very satisfied” or “satisfied” with their primary bank, and 96% rate their bank’s customer service as…
ABA: ABA Sues CFPB Over New Regulation Restricting Credit Card Late Fees
The American Bankers Association today joined the U.S. Chamber of Commerce, Fort Worth Chamber of Commerce, Longview Chamber of Commerce, Consumer Bankers Association, and Texas Association of Business in filing a lawsuit in the U.S. District Court for the Northern District of Texas against the Consumer Financial Protection Bureau (CFPB) that challenges the CFPB’s new rule limiting…
ABA: Bank Economists Express Cautious Optimism About Credit Conditions in 2024
The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic Advisory Committee (EAC). The EAC includes chief economists from North America’s largest banks. Readings above 50 indicate that, on net, bank economists expect business and household credit conditions to improve, while readings…
ABA: Virginia Teen Named Grand Prize Winner for National “Lights, Camera, Save!” Video Contest
Grant Parsons, an 18-year-old student at West Potomac High School in Alexandria, Va., is the national winner of the American Bankers Association Foundation’s Lights, Camera, Save! teen video contest for his entry, “Don’t Burn That Bread.” The ABA Foundation announced the national contest winners today via a video posted to ABA’s Instagram page. Lights, Camera, Save! is a…
ABA: Trade Associations Sue Regulators for Exceeding Statutory Authority in New Community Reinvestment Act Rules
Groups ask court to vacate new CRA rules and will seek preliminary injunction to block implementation until case is decided. The American Bankers Association, the U.S. Chamber of Commerce, Independent Community Bankers of America, Texas Bankers Association, Independent Bankers Association of Texas, Amarillo Chamber of Commerce and Longview Chamber of Commerce today filed a lawsuit in the…
ABA: Foundation Launches 2024 Financial Education Campaigns and Continues Initiative to Reach 5 Million Americans
The American Bankers Association Foundation today launched its 2024 financial education campaigns, encouraging banks across the country and their more than two million employees to participate in these important industry efforts to help consumers improve their financial well-being. Today’s launch continues the ABA Foundation’s three-year, industry-wide commitment to reaching five million Americans with financial education…
ABA: Foundation Opens Instagram Voting for National “Lights, Camera, Save!” Teen Video Contest
Cast your vote on ABA’s Instagram page beginning January 16 The American Bankers Association Foundation today kicks off its Lights, Camera, Save! social media contest via ABA’s Instagram page to allow people to vote for their favorite video entry submitted by teens from across the country. Lights, Camera, Save!, now in its 13th year, is a national…
ABA: National Survey Finds 97% of Consumers Give High Marks to Their Bank’s Online and Mobile Experience
Results also show Americans trust banks most to protect their personal information Ninety-seven percent of consumers rate their bank’s online and mobile app experience as “excellent,” “very good,” or “good,” according to a national survey conducted by Morning Consult on behalf of the American Bankers Association. When considering the growth of digital and online tools…
ABA: National Survey Finds Bank Customers Use Mobile Apps More Than Any Other Channel to Manage Their Accounts
For the fourth year in a row, 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 continue to embrace digital banking channels, with 48% of bank customers…
ABA: Statement on Community Reinvestment Act Final Rule
“ABA and our members have long supported the goals of the Community Reinvestment Act to make sure people in every corner of the country have the chance to succeed. In demonstration of that commitment, banks of all sizes invested $287 billion in capital in low- and moderate-income areas in 2021 alone. We have also strongly…