The American Bankers Association, along with five financial services trade groups, released a white paper today outlining obstacles and solutions for improving financial inclusion for the unbanked population and for reducing the use of high-cost nonbank financial products and services.
Volunteer bankers will teach more than 70,000 students the fundamentals of financial literacy and the importance of saving for the unexpected as part of Teach Children to Save Day tomorrow.
New York student Leonardo Cross won the first-place grand prize of $5,000 in the ABA Foundation’s Lights, Camera, Save! video contest, the foundation announced today.
The eight finalists have been announced in the American Bankers Association Foundation’s Lights, Camera, Save! national video contest for teenagers.
The American Bankers Association Foundation and the Federal Trade Commission today released a new infographic highlighting the problem of government imposter scams.
The American Bankers Association today expressed support for a recently finalized Department of Labor interim final rule implementing section 203 of the bipartisan Secure Act of 2019 to require that defined contribution plans (such as 401(k) plans) include two lifetime income illustrations on a plan participant’s pension benefit statement at least once every 12 months.
Consumers aged 60 and older lost nearly $440 million to fraud in 2019, a $40 million rise from the prior year, according to a report submitted to Congress today by the Federal Trade Commission.
The American Bankers Association honored seven banks today with its Brand Slam awards for bank marketing judged by a panel of 124 volunteers with Certified Financial Marketing Professional credentials.
Bankers across the country will deliver financial education lessons to teens nationwide virtually this year as part of the American Bankers Association’s Get Smart About Credit initiative, which is sponsored by Ally Financial, Citi, U.S. Bank and Wells Fargo.
The American Bankers Association Foundation today announced a two-year partnership with Junior Achievement to improve…