Author Kerry O'Leary

Kerry O'Leary is a senior writer at the ABA Banking Journal.


Mobile banking is preferred by 12 percent of consumers, a fourfold increase from five years ago and up two points from last year, according to an Ipsos Public Affairs survey conducted for ABA. Online banking is still the most preferred banking method, however, with nearly one-third of respondents saying they prefer to bank online —


Fannie Mae today said that it earned net income of $4.6 billion in the second quarter. Like Freddie Mac’s report this week, Fannie’s profits improved from the first quarter, landing above the $3.7 billion earned in the second quarter of 2014. Fannie’s income grew mainly due to fair value gains, partially offset by credit expenses,


Individuals who have applied for credit are reporting higher approval rates, according to the Federal Reserve Bank of New York’s latest Credit Access Survey released today, which gauges consumers’ experiences and expectations regarding credit over the previous year. The results show that the share of applicants who received credit in the past 12 months rose

Compliance and Risk

The Consumer Financial Protection Bureau’s March study of mandatory pre-dispute arbitration agreements shows that arbitration has “significant, demonstrable benefits over litigation in general and class action litigation in particular,” ABA and two other trade groups said in a comment letter today. In keeping with those findings, the groups said, the Dodd-Frank Act would not permit

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