ABA: Joanne Campbell and Jim Bedsole Receive ABA Distinguished Service Awards for Risk and Compliance
Joanne Campbell, executive vice president of enterprise risk management and chief risk officer for Camden National Bank in Camden, Maine, and Jim Bedsole, senior vice president and chief compliance and risk officer for BankSouth in Greensboro, Ga., today received the 2023 American Bankers Association’s Distinguished Service Award for Risk and the Distinguished Service Award for…
ABA: Foundation Recognizes Older Americans Month and Offers New Resources on Financial Caregiving
In recognition of Older Americans Month, the ABA Foundation today released three new videos on financial caregiving as a part of its Safe Banking for Seniors program. The free national program, which aims to protect older Americans from financial exploitation, provides bankers with turnkey tools and resources to help them connect with their communities on this complex…
ABA: Foundation Accepting Submissions for Community Commitment Awards
The American Bankers Association Foundation is accepting submissions for its 11th annual Community Commitment Awards and encouraging banks of all sizes to enter their successful community initiatives. The awards, ABA’s highest honors for extraordinary community engagement, recognize innovative, high-impact bank programs that improve the quality of life for the communities they serve. The entry period for submitting…
ABA: Bank Volunteers Celebrate National Financial Literacy Month with Teach Children to Save Lessons
April 27 marks ABA Foundation’s 26th annual Teach Children to Save Day On April 27th, bank employees will deliver financial literacy lessons to K-8 students across the nation as part of the ABA Foundation’s 2023 Teach Children to Save Day. The annual Teach Children to Save campaign is a centerpiece of the banking industry’s longstanding commitment…
ABA: Statement on CFPB Small Business Data Collection Rule Released
“America’s banks oppose discrimination in any form and support enforcement of fair lending laws and the goals of Section 1071. Banks of all sizes have a long history of lending to creditworthy small businesses across the country, and ABA supports bank efforts to lend to underserved small businesses. “While today’s final rule implementing Section 1071 includes a…
ABA: Foundation Accepting Donations to Support Mississippi Tornado Relief Efforts; ABA to Contribute $50K
At the request of the Mississippi Bankers Association, the ABA Foundation will activate its online disaster relief fundraising platform to support relief efforts in the state after the severe storms The American Bankers Association Foundation today announced it will start collecting tax-exempt contributions through its Disaster Relief Program to help aid relief efforts in Mississippi after a…
ABA: Credit Card Market Continued to Normalize in Third Quarter 2022
Consumers continued to effectively manage their credit obligations despite economic headwinds in the third quarter of 2022, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. The report found that the effective finance charge yield (which measures interest payments relative to total outstanding credit) increased, reflecting the Federal Reserve’s interest rate hikes…
ABA: New Report Shows Farm Bank Lending Increased in 2022
Banks reported holding over 1.1 million small farm loans worth $69 billion. Despite headwinds in 2022 due to supply chain disruptions, shocks to supply and demand, volatility in commodity prices, and geopolitical uncertainty, agricultural lending by U.S. farm banks increased 8.1% in 2022 to $103.1 billion, according to the American Bankers Association’s annual Farm Bank Performance…
ABA: New Webpage Launched Highlighting Programs Designed to Improve Access to Capital for Underserved Small Businesses
The American Bankers Association today launched a new webpage providing information on special purpose credit programs (SPCPs) and highlighting the role they can play in meeting the credit needs of economically disadvantaged small businesses. In support of the Office of the Comptroller of the Currency’s Project REACh, ABA is making this online resource available for banks and other…
ABA: Association Offers Congressional Testimony on Strength of Banking Industry
FirstBank CEO Jim Reuter appears on behalf of ABA members before House Financial Services Subcommittee on Financial Institutions and Monetary Policy The American Bankers Association today provided testimony to the House Financial Services Subcommittee on Financial Institutions and Monetary Policy on the banking industry’s public policy priorities, new initiatives to foster innovation and competition in financial services,…