Survey: Banking is Office-Based Industry Most Likely to Have Employees in Person (9/6/2022)

A recent survey of hybrid work policies found that banking was the most likely of the 13 office-based industry sectors studied to have a large number of employees in the office at any given time.

Report: Bank Customers’ Financial Condition Deteriorates as Inflation Persists (9/6/2022)

A growing number of bank customers say inflation is taking a toll on their finances, including those classified as financially healthy.

Op-ed: Durbin-Marshall Credit Card Plan Would Hurt Local Banks, Consumers (8/23/2022)

Legislation in Congress giving merchants broad say over which credit card routing networks they use puts consumers’ financial information at risk and could spell the end of popular rewards programs.

FDIC to Increase Focus on CRE Loan Concentration in Exams (8/4/2022)

FDIC examiners will increase their focus on CRE loan concentration in the upcoming exam cycle as economic pressures and changes in work and commerce habits continue to elevate CRE lending risk.

TAKE Action: Ask Congress to Oppose Durbin Expansion Bill (8/4/2022)

ABA is calling on all bankers to contact their lawmakers and urge them to oppose the Durbin expansion bill.

Trade Groups to Lawmakers: Don’t Raise Taxes on Small, Family Owned Businesses (7/13/2022)

A broad coalition of trade groups—including AmBA—urged lawmakers to reject policy proposals that would raise taxes on small, individually and family-owned businesses.

Fed’s Brainard: Time Is Right for Crypto Regulation (7/11/2022)

Recent volatility has uncovered “serious vulnerabilities” in the crypto financial system that may require new regulation.

TAKE ACTION: Tell House to Reject Misguided Credit Union Expansion Bill (6/9/2022)

Continue to Oppose H.R. 7003- Legislation to Expand Credit Unions’ Fields of Membership - A VOTE IS COMING!

ABA’s Nichols: Despite Economic Headwinds, Banks Are Healthy, Prepared (5/26/2022)

While uncertainty surrounds the U.S. economy at present, America’s banks remain healthy and prepared to support the communities they serve

FDIC: Increase in Provision Expense Drives Bank Net Income Down (5/25/2022)

FDIC-insured banks and savings associations earned $59.7 billion in the first quarter of 2022, a 22.2% decrease from the year prior.

Fed: Roughly One in 10 Americans Using Crypto, BNPL (5/24/2022)

The Fed survey found that 12% of adults had held or used crypto in the prior year—with almost all of these using it as an investment vehicle, not a form of payment.

Fed Survey: Americans’ Financial Well-Being Improves in 2021 (5/24/2022)

Nearly 8 in 10 U.S. households surveyed in late 2021 said they were “doing OK” or “living comfortably.”

CFPB Issues Interpretive Rule on States’ Enforcement Authority (5/23/2022)

The CFPB issued an interpretive rule stating its view that state regulators and state attorneys general have enforcement authority with regard to all provisions of the Consumer Financial Protection Act.

Study: Fraud Attempts Rise 41% in 2021 (5/23/2022)

Fraud attempts shot up 41% year-over-year in 2021.

GOP Lawmakers: CFPB Must Undo Changes to UDAAP Enforcement, Adjudications (5/23/2022)

House Republican lawmakers slammed recent changes made by the CFPB to its supervision examination manual.