News Topic: ABA

The Treasury Department is expanding its calls for overhauling regulation of the financial services sector, this time focusing on changes to the most significant rules surrounding securitization and derivatives. ... Read full article

At 1.56%, the delinquency rate on consumer loans remains well below historic averages, the American Bankers Association said Thursday. ... Read full article

Industry observers are skeptical of acting Comptroller Keith Noreika's claims that his agency could grant a fintech charter to a commercial firm like Amazon or Google, arguing that such a move could become "Walmart 2.0." ... Read full article

A number of banks and business groups sue to block prohibition on mandatory arbitration; credit bureau weighs how far back to look in denying compensation. ... Read full article

The groups argue that the CFPB did not properly conduct a cost-benefit analysis of the rule banning mandatory arbitration agreements and that the final product will harm, not help, consumers. ... Read full article

With baby boomers moving into retirement and many young folks eschewing careers in banking, the industry could soon be facing a talent shortage. Are more banking degree programs the answer? ... Read full article

Sound Community Bank CEO Laura Lee “Laurie” Stewart has made a career of going against the grain, and her bank’s investors, employees and customers are all better for it. ... Read full article

Armed heists are becoming less common, but the overall number of robbery attempts has ticked back up in recent years. The opioid epidemic is a likely reason, according to an industry expert. ... Read full article

A New Jersey politician has downplayed his Goldman Sachs career. The move shows that bankers have a ways to go rebuilding credibility with voters, though factors such as party affiliation, location and the type of banking career also matter. ... Read full article

Sen. Elizabeth Warren, D-Mass., sent a letter to 16 big banks asking them if they support a GOP effort to overturn the CFPB arbitration rule. ... Read full article

House Republicans are ramping up their criticism of the Fed for making interest payments to member banks on excess reserves, and may have identified a way to counter claims that the payments are critical to monetary policy. ... Read full article

A new report from the American Bankers Association reinforces existing concerns about the ability of U.S. consumers to manage all of their debts. ... Read full article

The renewed debate on reforming Fannie Mae and Freddie Mac is focused on how small and midsize banks would be affected. ... Read full article

Though they face an array of competitive threats — from digital currencies to peer-to-peer payment apps — the vast majority of community banks do not have a payments strategy, according to a recent survey. ... Read full article

The brief supporting field of membership expansion – in the face of a lawsuit by the American Bankers Association – is a sign of continued collaboration between CUNA and NAFCU. ... Read full article

The accounting board has scheduled a meeting that bankers hope will produce eleventh-hour modifications to reserving requirements. ... Read full article

The trade group filed a brief backing an effort by the American Bankers Association to push back against the NCUA's planned revisions to field-of-membership regulation. ... Read full article

Former Inter-State Federal account holders believe they were shortchanged by the Missouri mutual's merger. A ruling in their favor could give depositors more power and could undermine what it means to be a mutual. ... Read full article