Senate Clears 2020 Spending Bills; Orders CECL Review
In a 71 to 23 vote this afternoon, the Senate approved a spending package for the current fiscal year, funding the government through Sept. 30, 2020.
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House Passes 2020 Spending Bills; CECL Study Required
The House today approved a spending package for the current fiscal year, funding the government through Sept. 30, 2020. The Senate is expected to vote on the spending bills later this week.
Developing and Retaining Top Talent for Long-Term Success
It’s fairly obvious why banks are so focused on attracting and retaining high caliber employers. Just as in sports, when you have a talented team and a good game plan, you get great results.
ABA Announces $2.5 Million Insurance Distribution to Qualified Members
American Bankers Mutual Insurance Ltd.—the reinsurer for ABA’s endorsed insurance program—will distribute $2.5 million to be shared by qualified member banks insured through ABA Insurance Services, the association announced today.
How Banks Should Prepare for a Flood Insurance Lapse
If not reauthorized, the National Flood Insurance Program will lapse on Nov. 21. Here’s what bankers can do to get ready.
Podcast: Making Wealth Management Core to Your Community Bank
How can community banks make wealth management a profitable part of their strategy? At Canandaigua National Bank and Trust in New York, 45% of non-interest income—and 15% of the bank’s total revenue—comes from wealth management, says EVP Sam Guerreri.
Fed Proposes Risk-Based Capital Requirements for Insurance Firms It Oversees
The Federal Reserve today proposed to establish risk-based capital requirements for the eight depository institution holding companies it oversees that are significantly engaged in insurance activities.
Opportunities for Growing Today’s Bank-Insurance Business
Three insurance products where banks are finding success with customers—and the bottom line.
ABA Supports Legislation to Ease Health Care Costs for Seniors
The American Bankers Association’s Health Savings Account Council today applauded the introduction of H.R. 3796, the Health Savings for Seniors Act, a bipartisan bill that would help ease the burden of rising out-of-pocket expenses for seniors on Medicare.
New Treasury Guidance Offers Greater Flexibility for Americans with High-Deductible Plans
Following an executive order by President Trump, the Treasury Department and IRS today issued guidance expanding the preventative care benefits that may be provided by high-deductible health plans linked to Health Savings Accounts for a range of chronic conditions.