American Bankers Association

Banks, credit unions help federal workers weather shutdown

01/11/19

Financial institutions of all sizes are offering low- or zero-rate loans, waiving fees and making other arrangements to aid federal workers — a practice that regulators officially blessed on Friday, the 21st day of the closing of many U.S. agencies.

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Banks are feeling effects of shutdown: ABA

01/11/19

The American Bankers Association has called for an end to the government shutdown, saying it has prevented customers from securing loans and threatens even more damage.

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Household delinquencies are on the rise. Should bankers be worried?

01/08/19

More consumers fell behind on their loans in the third quarter of 2018, even as average wages rose and the unemployment rate fell to a 50-year low.

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PenFed deal feeds bankers' fears of unlimited credit union membership

01/04/19

An “emergency merger” with the troubled Progressive Credit Union gives PenFed — already the nation’s third-largest credit union — the ability to welcome any potential member nationwide.

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Can core providers and small banks settle grievances in 2019?

12/28/18

Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster.

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Waters calls on FEMA to continue offering flood insurance despite shutdown

12/27/18

Lawmakers and industry groups were caught off guard when FEMA said it wouldn't issue flood insurance policies during the government shutdown, despite an extension passed last week.

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Securing bank apps: What if mobile carriers get hacked?

12/24/18

There are steps financial firms can take to protect their customers in the event a major wireless network is compromised, including reconsidering the use of SMS messaging for account authentication.

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This fintech is taking anti-bank marketing to extremes. It may pay for it

12/19/18

Good Money just raised $30 million and is a year away from launching, but already is raising concerns for its trash-talking of established players.

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Bankers cry foul over Robinhood’s checking and savings accounts

12/14/18

The fintech's new products may violate several banking and securities regulations and could mislead the public about the differences between coverage on banking and investment accounts, industry officials say.

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NCUA lays out legal defense of contentious membership rule

12/07/18

The regulator claimed Congress has already granted it the authority to define field-of-membership areas.

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