ABA: Online, Mobile Banking Most Popular With Consumers
WASHINGTON — More than half of Americans manage their bank accounts online more often than any other method, according to a recent survey by the American Bankers Association. Mobile banking ranked as consumers’ second most preferred way to bank, with about one in five people taking to their mobile devices to conduct their banking business….
ABA: Foundation Seeking Hosts for 7th Annual Lights, Camera, Save! Video Contest
Local banks urged to sponsor teen competition WASHINGTON — The American Bankers Association Foundation is urging local banks to participate in its Lights, Camera, Save! video contest. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. Through Lights, Camera, Save!, teen participants will create a…
ABA: Foundation Invites Volunteers for 2016 “Get Smart About Credit” Day
Calling on banker volunteers to help their local youth become financially fit WASHINGTON — The American Bankers Association Foundation is calling for banker volunteers for its annual Get Smart About Credit program, an initiative designed to teach teens and young adults how to use credit effectively. Bankers will celebrate Get Smart About Credit Day on Oct….
ABA to Congress: Smart Policies Allow Banks to Innovate, Partner with FinTech Startups
Nichols says trusted customer relationships are paramount to success WASHINGTON — Banks are innovating and partnering with startups to help benefit their customers, but smart policies are key to facilitating a modern, high-tech system, according to testimony from American Bankers Association president and CEO Rob Nichols before the House Financial Services Subcommittee on Financial Institutions and Consumer…
ABA: First-Time Homebuyers – 6 Tips to Save for the House of Your Dreams
WASHINGTON — According to a 2015 BMO Harris report, 52 percent of Americans plan to buy a home in the next five years. Saving for a down payment, typically between 5 to 20 percent of the home’s value, is one of the biggest challenges for those aspiring homebuyers. In recognition of American Housing Month, the…
ABA: 7 Tips to Help Seniors Live At Home Longer
The ABA Foundation celebrates American Housing Month with practical advice for ‘aging in place’ WASHINGTON — According to the U.S. Census Bureau, approximately 80 percent of individuals age 65 or older own their home. A Georgetown University survey found that a vast majority of these older Americans wish to remain in their homes as they…
ABA: How to Stop Elder Financial Abuse Before It Starts
ABA Foundation Commemorates World Elder Abuse Awareness Day with Financial Tips WASHINGTON — In recognition of World Elder Abuse Awareness Day on June 15, the American Bankers Association’s Foundation is working to combat financial abuse of older Americans. A recent study estimated older adults lose $2.9 billion each year to fraud. “Americans 50 years and older control…
ABA: 6 Questions Millennials Should Consider During American Housing Month
WASHINGTON — Millennials looking to make their next housing move face a tough decision – to rent as prices continue to soar but with the flexibility to come and go, or to commit to the world of homeownership and all of its demands while interest rates are near historic lows. In recognition of American Housing…