ABA: Foundation Encourages Banks to Submit Nominations for Annual Community Commitment Awards
The ABA Foundation is seeking submissions for its eighth annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the quality of life for the customers and communities banks serve. The entry period ends July 1. “Now more than ever, America’s banks…
ABA: Strategic Partnerships Announced to Strengthen Minority Depository Institutions
The American Bankers Association (ABA) and the National Bankers Association (NBA) today announced that the organizations have joined together in a strategic partnership to promote the health and well-being of minority depository institutions (MDIs). This partnership will build on existing membership overlap and enable NBA and ABA members to work collaboratively on a variety of…
ABA: Consumer, Banking Groups to Congress Request that Economic Impact Payments Be Exempt from Garnishment
In a letter to congressional leadership today, consumer and banking industry organizations joined together to urge lawmakers to clarify at the earliest possible opportunity that economic impact payments issued by the federal government in response to the coronavirus pandemic should be exempt from otherwise legally binding garnishment orders. “Congress passed the CARES Act to help families purchase…
ABA: Bankers Celebrate Financial Capability Month by Taking Teach Children to Save Online
While schools may be closed due to COVID-19, bankers across the country are finding new and innovative ways to share the Teach Children to Save program this year, including virtual financial education lessons for children across the nation. Since 1997, the ABA Foundation’s financial education initiatives have reached 11.1 million young people through more than…
ABA: Report Shows Consumer Delinquencies Rise in Fourth Quarter of 2019
Consumer credit delinquencies rose in the fourth quarter of 2019, driven by increases in auto and home-related delinquencies, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in eight of the 11 categories tracked by ABA while delinquencies in three categories fell. The composite ratio, which tracks delinquencies in…
ABA: Congress Should Exempt Stimulus Payments from Court-Ordered Garnishments
Leading financial services trade associations today wrote Congressional leadership requesting that Congress clarify that the CARES Act economic impact payments (also known as stimulus payments) are treated as benefits subject to the federal exemption from garnishment. “America’s banks stand ready to provide full access to funds appropriated for the explicit purpose of helping families make…
ABA: Additional PPP Funds Needed for Small Businesses, Employees
Leading financial services trade associations today wrote Congressional leadership calling for Congress to quickly authorize additional funds for the Paycheck Protection Program. Funds from the original $349 billion authorization are expected to be fully obligated soon, leaving out countless small business owners and their employees still awaiting access to the program. “The Small Business Administration’s…
ABA: California Teen Named Grand Prize Winner of National Video Contest
‘Lights, Camera, Save!’ inspires kids and teens to save during America Saves Week Michaela Oh, a 16-year-old student at Whitney High School in Rocklin, Calif., is the national winner of the American Bankers Association Foundation’s Lights, Camera, Save! video contest. Lights, Camera, Save!, which launched in 2010, is a unique national competition that encourages kids to…
ABA: 6 Ways to Make the Most of Your Tax Refund
Last year, more than 100 million Americans received an average tax refund of $2,869 deposited back in their bank accounts after filing their taxes. To kick off America Saves Week this year, the American Bankers Association is encouraging consumers to file their taxes as early as possible and offering specific tips to help taxpayers make…
ABA: Foundation Launches Social Media Contest for Lights, Camera, Save! Finalists
Cast your vote for ‘Savers’ Choice’ by Feb.19 The American Bankers Association Foundation is hosting a social media contest to allow viewers nationwide to vote for their favorite Lights, Camera, Save! video entry. Lights, Camera, Save! is an annual video contest that encourages teen participants to produce a short film that communicates the importance of…