ABA: 6 Financial Tips for Service Members and Their Families
WASHINGTON — As National Military Appreciation Month begins, we are reminded of the many sacrifices that service members and their families make to protect our nation. In honor of their service, the American Bankers Association has highlighted six financial tips to help military families reduce the stress of managing money. “Finances are often identified by…
ABA: Bankers Celebrate 20th Anniversary of Teaching Children to Save April 28th
Estimated 450,000 children will be reached in 2017 through Teach Children to Save WASHINGTON — Nearly 11,500 bankers will host financial education events across the country this week in celebration of Teach Children to Save Day on April 28. Since 1997, Teach Children to Save and the ABA Foundation’s financial education initiatives have reached approximately…
CFPB: Effective Date Extension Finalized for Prepaid Accounts Rule
Today, we released a final rule delaying the general effective date of our rule governing prepaid accounts by six months. The rule will now take effect on April 1, 2018. We have also decided to revisit at least two substantive issues in the prepaid accounts rule through a separate notice and comment rulemaking process. We expect…
ABA: 7 Tips Millennials Can Bank On
WASHINGTON — As millennials face unprecedented financial burdens such as student debt, the American Bankers Association is highlighting seven money tips to help them plan for a financially sound future. “With student debt and high housing costs creating challenges for many millennials, now is a better time than ever for them to map out their…
ABA: New Survey – Americans Confident in Their Financial Literacy Skills
ABA Foundation offers questions to help consumers see how they stack up WASHINGTON — Nearly two-thirds of adults (62 percent) consider their own financial literacy to be good or excellent, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. However, their perception of the average American isn’t quite…
ABA: Testimony on 2018 Farm Bill, Credit Issues Faced by Rural Bankers
WASHINGTON — The American Bankers Association testified today before the House of Representatives Agriculture Committee’s Commodity Exchanges, Energy, and Credit Subcommittee, offering the banking industry’s perspective on credit issues in the upcoming Farm Bill and the importance of credit for rural communities. The hearing was conducted by Chairman Austin Scott and Ranking Member David Scott….
ABA: Survey Shows Regulatory Burden Continues to Restrict Mortgage Lending
WASHINGTON — Ninety-five percent of respondents to the American Bankers Association’s 24th annual Real Estate Lending Surveydescribed regulation as having a negative impact on business production and consumer credit availability. The survey, released today at ABA’s Real Estate Lending Conference in Orlando, revealed that 91 percent of the typical bank’s mortgage loans made last year…
ABA: Foundation Celebrates April as Financial Literacy Month
WASHINGTON — Eighty-eight percent of adults overwhelmingly agree that personal finance skills should be taught in schools, according to a new survey from Morning Consult. Despite such strong support, as of 2016, only 17 states require high school students to take a course in personal finance. In an effort to fill that gap, the ABA…
ABA: 6 Tips for Spring Cleaning Your Finances
WASHINGTON — As spring cleaning season begins, the American Bankers Association is encouraging consumers to put a priority on organizing their finances. ABA has highlighted six tips for getting your financial house in order. “With the tax season ending, spring is a great time to take a close look at your budget and bank account,”…