ABA: Report Shows Credit Card Use Expanded in Third Quarter 2019
Credit card use increased in the third quarter of 2019, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Seasonally adjusted purchase volumes rose among prime (+0.8% or $3.85/month) and super-prime (+0.2% or $1.07/month) accounts compared to the previous quarter, consistent with solid consumer spending growth during the same period, while subprime…
ABA: America’s Banks Aim to Reach “One Million Minds” through ABA Foundation Financial Education Initiatives in 2020
ABA Foundation programs call for banker volunteers to join growing, industry-wide efforts designed to help local communities The American Bankers Association Foundation today launched its 2020 financial education registration campaign, calling on banker volunteers to register for a range of successful, industry-wide programs designed to enhance financial education across the country. In its continued effort to build…
ABA: Bank Economists Foresee Continued Economic Growth, Stable Interest Rates
The U.S. economy will continue to grow, add jobs and support wage gains in 2020 and beyond, according to the latest forecast of the American Bankers Association Economic Advisory Committee. There is broad agreement among the group’s 15 chief economists from some of North America’s largest banks, however, that the rate of growth is moderating….
ABA: Consumer Delinquencies Mixed in Third Quarter of 2019
Consumer credit delinquencies were mixed in the third quarter of 2019, with delinquencies falling for bank cards (credit cards provided by banks) and rising for the composite index of closed-end loans, 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…
ABA: New Foundation Research Shows U.S. Banks Stepping Up Efforts to Protect Older Americans from Financial Abuse
Banks of all sizes continue to increase focus and investment in elder fraud prevention, according to the 2019 Older Americans Benchmarking Report released today by the ABA Foundation. The biennial report, the most expansive survey of the banking industry’s efforts to protect seniors, captures data on how banks across the country educate older Americans, respond to fraudulent…
ABA: Banzai! Co-Founder and GenHERation CEO Among Volunteer Judges for Financial Education Contest
The American Bankers Association Foundation has announced its national judging panel for its 2019-2020 Lights, Camera, Save! video contest. The annual contest, now in its 10th year, encourages teens to educate their peers about using money wisely through the creative use of video. This year’s panel of volunteer judges features experts from the worlds of personal…
ABA: New Survey Shows 95 Percent of Consumers Give High Marks to Digital Banking
Data reinforce Americans like and appreciate innovative services offered by banks Ninety-five percent of consumers rated their bank’s online and mobile app experience as “excellent,” “very good,” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey also found that nearly 8 in 10 people…
ABA: Farmer Mac, ABA Joint Lender Survey Reveals Top Concerns and Expectations for 2020
As the farm economy continues to work through a prolonged downturn, credit quality and the deterioration of agricultural loans remains the top concern for ag lenders, according to the Fall 2019 Agricultural Lender Survey reportproduced jointly by the American Bankers Association and the Federal Agricultural Mortgage Corporation, more commonly known as Farmer Mac. When it comes…
ABA: New Infographic Offers Tips to Protect Members of the Military from Potential Scams
In honor of National Veterans and Military Families Month and Veterans Day, the American Bankers Association Foundation, the Association of Military Banks of America (AMBA) and Better Business Bureau Institute for Marketplace Trust (BBB Institute) have joined forces to educate veterans, active duty service members and their families on financial scams targeting the military. A new…
ABA: New Survey Highlights Bank Customer Preference for Digital Channels Continues to Grow
Mobile apps nearly overtake online banking for top spot while branches remain popular Nearly three-quarters of Americans (73 percent) most often access their bank accounts via online and mobile platforms, according to a recent survey conducted by Morning Consult on behalf of the American Bankers Association, an increase over last year (72 percent). The number…