ABA: National Judges Selected for 2017 Top Banks in Corporate Social Responsibility
WASHINGTON — The American Bankers Association Foundation has announced the national experts responsible for judging the 2017 Community Commitment Awards. The awards program celebrates the innovative and high impact contributions banks of all sizes make to their communities. The 2017 award winners will be recognized at ABA’s Annual Convention in Chicago, Oct. 15-17. The awards…
ABA: Statement on House Vote on Arbitration Rule a Win for Consumers
By Rob Nichols, ABA president and CEO “We applaud members of the House for taking a stand on behalf of consumers by voting to overturn the CFPB’s arbitration rule. Today’s action is critical to ensuring the Bureau doesn’t provide trial lawyers with a regulatory windfall at consumers’ expense. “In class-action lawsuits, the spoils go…
ABA: Bank Economists Share Moderate Growth to Continue Through 2018
WASHINGTON — The U.S. economy will continue to expand through next year with support from fiscal stimulus, according to the Economic Advisory Committee of the American Bankers Association. “The forces that have sustained eight years of progress, such as low interest rates and improvements in labor markets, will continue into next year,” said Christopher Probyn,…
ABA: Mortgage Borrowers Want Both Technology and In-Person Services
Survey also found down payment, student debt preventing home purchases WASHINGTON — A majority of Americans (60 percent) agree that while they use online resources for research, they prefer to apply for a mortgage in person, according to a new survey from the American Bankers Association. Seventeen percent said they would prefer to apply for…
ABA: How to Protect Your Loved One from Financial Abuse
ABA Foundation offers tips to help families and individuals stop elder financial abuse WASHINGTON — Financial exploitation is one of the most common forms of abuse committed against older Americans. According to a Metlife study, an estimated $2.9 billion is lost annually to scams explicitly targeting seniors. In recognition of World Elder Abuse Awareness Day…
ABA: 6 Financial Traps New College Graduates Should Avoid
WASHINGTON — More than 70 percent of college graduates began their career owing more than $37,000 in student loans in 2016. Considering this debt load and other living expenses that lead young adults to delay major life events like getting married or buying a home, it’s critical for new college graduates to focus on their…
ABA: 5 Ways to Protect Your Small Business from Ransomware Attacks
National Small Business Week is April 30- May 6 WASHINGTON — Ransomware has become one of the fastest growing malware threats to small businesses in recent years. According to the FBI, in 2015, more than $1.6 million was lost due to ransomware attacks. The popular malware is used by cybercriminals to freeze business networks and…
ABA: Report | Farm Banks Increase Ag Lending 5% in 2016
Strong performance, asset quality and capital levels in 2016 WASHINGTON — Farm banks increased agricultural lending by 5.3 percent in 2016 and held $103.4 billion in farm loans at the end of the year, according to the American Bankers Association’s annual Farm Bank Performance Report. Asset quality remained healthy at the nation’s 1,912 farm banks…
ABA: What You Need to Know About the Grandparent Scam
WASHINGTON — According to the Federal Trade Commission, the agency received more than 400,000 complaints in 2016 from consumers reporting they were victims of impersonation scams. One of the most common is called the “Grandparent Scam,” which uses impersonation tactics to deliberately target and exploit older Americans. To commit this crime, fraudsters call claiming to…