American Bankers Association

Why banking groups are congratulating Biden, even if Trump won’t


With many Americans and members of Congress questioning the results of the presidential election, financial services trade associations quickly vowed to work with the incoming administration.


Access Denied: Underserved or ignored?


Opening a bank or investment account — or even securing employment in a racism-free workplace — is out of reach for many Black Americans.


ABA names Pinder as new general counsel


Thomas Pinder held jobs at the Justice Department and FDIC before coming to the American Bankers Association in 2012.


Agencies formally propose rule to weaken role of guidance


The proposed regulation would codify a 2018 pronouncement by regulators that guidance does not carry the force of law.


Agenda is full for ABA’s new chairman, but it all starts with COVID


The Paycheck Protection Program and encouraging digital innovation are top priorities for James Edwards, CEO of United Bank in Georgia. He also expects the American Bankers Association to promote diversity and regulatory reform in the next year.


New pressure on banks to offer affordable consumer accounts


Both the Federal Deposit Insurance Corp. and the American Bankers Association are encouraging the industry to offer basic products that could bring more unbanked households into the financial mainstream.


Ex-Trump adviser Cohn predicts bleak future for community banks


Gary Cohn, former head of the Trump administration’s National Economic Council and onetime top executive at Goldman Sachs, says technological changes will continue to make it harder for smaller financial institutions to compete and force many to be sold.


Banking groups urge Congress to block OCC payments charter


Various trade organizations sent letters to a House Financial Services Committee task force saying lawmakers should "actively discharge their oversight prerogatives" as the national bank regulator considers giving licenses to companies that do not accept deposits.


Labor Dept. plan to replace fiduciary rule catches flak from all sides


Banks and other financial firms say the proposal to reverse restrictions on investment advisers does not go far enough. Meanwhile, investor advocates say it would loosen necessary protections.


Banks, consumers groups to CFPB: Don’t rush overhaul of redlining law


The agency sought feedback on potential changes to the Equal Credit Opportunity Act. But a coalition of industry and advocacy groups want a longer comment period to afford “a greater opportunity for thoughtful public participation.”