ABA Nominates New Board Members for 2019-2020

Most U.S. consumers with an opinion on debit card interchange fees agree the fees are necessary for fraud prevention efforts, according to a new survey by Morning Consult and the Bank Policy Institute.

The Idaho Bankers Association announced the appointment of Stacey Satterlee as president and CEO. She most recently led the Idaho Grain Producers Association.

ABA raised several concerns about proposed changes to a Treasury Department program that invests in CDFIs and minority depository institutions so they can increase financial support to communities hard hit by the COVID-19 pandemic.

FHA’s proposed implementation of a new rule removing the face-to-face meeting requirement for certain mortgagees could actually increase the complexity and risk of the borrower engagement process, ABA and three associations said.

Federal Reserve, FDIC and OCC extended the public comment period for their request for information on bank partnerships with financial technology companies to Oct. 30.

Household incomes are catching up with inflation, with important implications for credit quality and overall consumer health.