ABA: Robert Jones, Chairman and CEO of Old National Bank, Appointed Chairman of ABA’s American Bankers Council
The American Bankers Association has appointed Robert G. Jones as chairman of ABA’s American Bankers Council for the 2018-2019 membership year. Jones is currently chairman and CEO of Old National Bancorp in Evansville, Ind., and is a member of its board of directors. Prior to joining Old National, Jones served for 25 years at KeyCorp….
ABA: Report Shows Credit Card Market Moderated in First Quarter 2018
Credit card use moderated in the first quarter of 2018, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Compared to the previous quarter, purchase volumes fell 4-6 percent across risk tiers. On a year-over-year basis, purchase volumes rose across risk tiers, led by an 8.9 percent increase for super-prime accounts and…
ABA: 2018-2019 ABA Officers Nominated
The American Bankers Association’s Nominating Committee has selected the official slate of candidates for ABA officers for election at the association’s annual convention to be held in New York, October 21-23. The Committee, chaired by Dorothy Savarese, chairman, president and CEO of Cape Cod Five Cents Savings Bank, Orleans, Mass., nominated these candidates for ABA…
ABA: Report Shows Consumer Delinquencies Rise in First Quarter 2018
The first quarter of 2018 saw installment loan and bank card delinquencies resume a slow return to normal levels after falling across the board in the previous quarter, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, rose 9 basis…
ABA: Bank Economists See Robust Economy Pushing Unemployment Rate to New Lows
This year the U.S. economy will enjoy its strongest growth this cycle, pushing unemployment to the lowest rate in nearly half a century, according to the Economic Advisory Committee of the American Bankers Association. The consensus of 16 chief economists from among the largest North American banks is that the economy, entering a tenth year…
ABA: Foundation Released Bank Guide for Preventing Elder Financial Abuse
Resource available in advance of World Elder Abuse Awareness Day on June 15 Seniors lose approximately $2.9 billion annually to financial abuse – and with baby boomers retiring every day, along with an estimated $12 trillion in wealth transfers expected to take place between generations, that number could continue to grow. In response, America’s banks…
ABA: Celebrating Housing Choices during American Housing Month
In recognition of American Housing Month, the American Bankers Association Foundation and banks across the country are offering consumers valuable housing information throughout the month of June. The ABA Foundation will provide renters and homeowners with tips for choosing the right home, saving for a down payment and preparing a senior to ‘age in place.’…
ABA: Survey Shows that Regulatory Burden Continues to Restrict Mortgage Lending
Seventy-seven percent of respondents to the American Bankers Association’s 25th annual Real Estate Lending Survey described mortgage regulation as having a negative impact on business production and consumer credit availability. In the survey released today, nearly 3 in 4 bankers said that Qualified Mortgage (QM) rules – which impose stringent rules that exceed “ability to…
ABA: 6 Smart Money Moves for New College Graduates
More than 70 percent of college graduates began their career owing more than $37,000 in student loans in 2017. Considering the additional living expenses they’ll soon face, new college graduates would be wise to focus on their financial future right now, says the American Bankers Association. ABA has highlighted six smart financial decisions college graduates…
ABA: Report Shows Credit Card Market Expanded in Fourth Quarter 2017 Amid Strong Holiday Spending Season
Credit card use continued to grow in the fourth quarter of 2017 on the back of a strong holiday season for consumer spending, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. On an annual basis, monthly purchase volumes rose 3.9 percent for prime accounts and 5.1 percent for super-prime accounts, but…