A proposed Senate bill would raise the reporting thresholds for currency transaction reports and suspicious activity reports and require the Treasury Department to adjust the amounts for inflation every five years.
ABA shared a long list of recommendations for re-proposing the CFPB’s personal financial data rule, saying the rule finalized in 2024 is so broken that it “simply cannot stand.”
Australia has had success in fighting financial fraud by embracing a voluntary system in which banks agree to take steps to further protect their customers — a contrast from the U.K., where mandatory reimbursements from scam losses has...
A new survey conducted by Morning Consult on behalf of ABA found that a strong majority of U.S. consumers are happy with their credit cards and do not want the government to interfere with their cards’ rewards programs.
Members attending the ABA Annual Convention elected new officers and directors to serve on ABA's board for the 2025-2026 association year.
In his first keynote speech as ABA chair, Kenneth Kelly, chairman and CEO of First Independence Bank in Detroit, Michigan, began by underscoring a lesson that has shaped his entire career: “that giving is a part of living,...
