BAFT, ABA’s global transaction banking subsidiary, today announced the election of new officers for the 2017-2018 association year. BAFT’s new chairman will be Kimberly Burdette, SVP and manager of international financial institutions at PNC. David Scola, head of the financial institutions group in corporate banking at Barclays, will serve as vice chairman, and Mark Garfield, head of global financial institutions at Zions Bancorporation, will serve as secretary and treasurer.
ABA and 16 groups are urging lawmakers to pass legislation banning the practice of credit reporting firms selling consumer contact information to lenders who then barrage those same consumers with unwanted solicitations.
Two former National Credit Union Administration board members have filed a lawsuit in federal court challenging their terminations, calling the decision by President Trump “patently unlawful.”
The banking sector remains sound and resilient overall, and most banks continue to report capital levels well above regulatory requirements, the Federal Reserve said in its first Financial Stability Report of 2025.
The FCC voted to advance an ABA-backed proposal to create a new call authentication requirement designed to limit criminal access to the U.S. calling network.
A federal court in California issued a temporary restraining order preventing enforcement of a FinCEN order requiring money services businesses to report certain cash transactions along part of the U.S.-Mexico border.
The Small Business Administration has reinstated stronger underwriting requirements for 7(a) loans through the issuance of a Standard Operating Procedure document.
