ABA: Report Shows Credit Card Use Strong in Second Quarter 2019
Credit card use rebounded in the second quarter after easing in the first quarter of 2019, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Seasonally adjusted purchase volumes increased across risk tiers compared to the first three months of the year, reflecting robust consumer spending. Purchase volumes increased on an annual…
ABA: US Chamber Foundation and ABA Partner to Expand Bank Hiring Opportunities for Veterans
Community Banks Encouraged to Participate in Hiring Our Heroes Program A new partnership between the American Bankers Association and the US Chamber of Commerce Foundation will expand veteran hiring opportunities at banks across the nation. The partnership, announced at the ABA’s annual convention in Seattle, will enable more community banks to participate in the Foundation’s…
ABA: Seattle Banker Elected as New ABA Chair
Today the American Bankers Association elected Laura Lee “Laurie” Stewart as its chair for the 2019-2020 association year. The election took place during ABA’s annual convention in Seattle. Stewart is also president and CEO of Sound Financial Bancorp, Inc., and Sound Community Bank, a $717 million institution based in Seattle. Sound Community Bank is recognized…
ABA: 2019-2020 Officers Board Elected
Members attending the American Bankers Association’s annual convention in Seattle have elected new ABA officers and directors to serve on ABA’s board for the 2019–2020 association year. The new officers are: CHAIR: Laura Lee (Laurie) Stewart, president and CEO, Sound Community Bank, Seattle; CHAIRMAN-ELECT: James J. Edwards, Jr., CEO, United Bank, Griffin, Ga.; VICE CHAIRMAN:…
ABA: New Survey Shows Americans Remain Highly Satisfied with Their Bank
Nearly 9 in 10 Americans with a bank account (88 percent) say they are “very satisfied” or “satisfied” with their primary bank, and 96 percent rate their bank’s customer service as “excellent,” “very good” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey, unveiled…
ABA: Bankers Across the U.S. to Promote Financial Literacy on Get Smart About Credit Day
Nearly 6,000 bankers will share credit education to 156, 000 students on Oct. 17 Bankers across the country will celebrate the American Bankers Association Foundation’s Get Smart About Credit Day on Oct. 17 by visiting classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third Thursday of October,…
ABA Foundation: Kathy Luria of Webster Bank Honored with 5th Annual George Bailey Distinguished Service Award
Connecticut Banker wins ABA Foundation’s highest individual honor. Kathy Luria, senior vice president for community affairs and philanthropy at Webster Bank in Waterbury, Conn., has been named the ABA Foundation’s 2019 George Bailey Distinguished Service Award winner for her tireless and innovative efforts to expand and enhance Webster Bank’s community and philanthropic engagement. Luria will…
ABA Foundation: Eight Banks Honored With 7th Annual Community Commitment Awards
Banks of all sizes earn prestigious industry awards for programs addressing range of community issues Eight banks earned American Bankers Association Foundation’s highest honor today by being named Community Commitment Award winners for 2019. The annual awards recognize banks for their corporate social responsibility efforts in categories ranging from affordable housing to economic inclusion. This year’s CCA…
ABA: Credit Card Delinquencies Fall as Other Consumer Delinquencies Rise Slightly
Consumer credit delinquencies were mixed in the second quarter, 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 while three…
ABA: Teens Encouraged to Submit Videos in ABA Foundation’s 10th Annual “Lights, Camera, Save!” Contest
Creative teens with video skills and a passion for sound money management can now submit entries in the American Bankers Association Foundation’s 10th annual Lights, Camera, Save! video contest. Lights, Camera, Save! is a national competition that encourages teens to educate their peers about using money wisely through the creative use of video. Through Lights, Camera,…