ABA: Reports Shows Consumer Delinquencies Mixed in Fourth Quarter 2018
Consumer credit delinquencies were mixed in last year’s fourth quarter, with delinquencies falling for the composite index of closed-end loans and rising in other open-end loan categories, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies fell in six of the 11 categories tracked by ABA while five categories rose….
ABA: 6 Tips for Spring Cleaning Your Finances
With the arrival of spring, the American Bankers Association is encouraging consumers to add a very important item to their spring cleaning to-do list: organizing their finances. To help, ABA has highlighted six tips for rearranging your financial house. “Spring is the season of renewal, which means it’s time to sweep away your winter bills and…
ABA: Indiana Teen Named Grand Prize Winner of National “Lights, Camera, Save!” Video Contest
Luke Wiley, a 17-year-old student from Greenwood, Ind., 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 use video to communicate the value of saving and motivate their peers. This year, 131 banks…
ABA: 7 Ways to Make Your Tax Refund Count
As many Americans receive their refunds this year, the American Bankers Association has highlighted seven tips to help them use the money wisely. “Prioritizing your tax refund to create an emergency fund and pay off debts first will help position you for financial comfort the rest of the year,” said Corey Carlisle, executive director of…
ABA: Foundation Launches Social Media Contest for Lights, Camera, Save! Finalists
Cast your vote for ‘Savers’ Choice’ by Feb.20 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…
ABA: Report Shows Credit Card Market Expands Further in Third Quarter as the Economy Sustains Robust Growth
Credit card use continued to increase in the third quarter of 2018, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Compared to the previous quarter, purchase volumes increased for both subprime and super-prime accounts, but moderated for prime accounts. On an annual basis, monthly purchase volumes rose across risk tiers, led…
ABA: Finxact, an Emerging Core Banking Technology Provider, Receives Investment from ABA
Investment Reflects ABA Member Interest in More Flexible Core Platforms The American Bankers Association today announced a direct investment in Finxact, an emerging technology company that offers an innovative, open core banking platform for financial institutions. The investment in Finxact reflects ABA’s commitment to ensuring that member banks have the technology and tools they need…
ABA: America’s 2 Million Bankers Encouraged to Register for ABA Foundation’s 2019 Financial Education Initiatives
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 2019 financial education registration campaign, calling on banker volunteers from across the country to register for a range of successful, industry-wide programs designed to enhance financial education in their local…
ABA: Bank Economists Forecast Moderating Economic Growth and Heightened Uncertainty
According to a new forecast released today from the Economic Advisory Committee of the American Bankers Association, the pace of growth will moderate through 2019 and 2020, reflecting fading policy support in the U.S. and a slowing global economy. The median forecast of 15 chief economists from major North American banks surveyed the first week…
ABA: Report Shows Consumer Delinquencies Rise in Third Quarter 2018
Installment loan and bank card delinquencies resumed a slow return towards normal levels in the third quarter of 2018, but remain low by historical standards, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in six of the 11 categories tracked by ABA while five categories showed improvement. The…