Newsbytes

Consumers paid down $60 billion in credit card debt in the first quarter of 2020, the largest first quarter paydown...

ABA, Trades Call for Cross-Border Tax Administration Relief

In a follow-up to an April letter discussing COVID-19-related challenges regarding tax withholding, the American Bankers Association, the International Banking...

ABA Supports Proposed Qualified Mortgage Rule Changes

Compliance and Risk

In a comment letter to the CFPB yesterday, the American Bankers Association offered support for recent proposals that would make...

CFPB Chief of Staff Tapped to Lead ABA’s Card Policy Council

ABA announced today that the Consumer Financial Protection Bureau’s Kirsten Sutton has been selected to serve as executive director of...

Gallup: Consumers Continue to Have Favorable View of Banking Industry

Forty-six percent of respondents in a recent Gallup poll rated the banking industry favorably, according to data released this week.

Consumer Credit Growth Picked Up in July

Economy

November 6, 2020

Consumer credit increased at a seasonally adjusted annual rate of 3.6% in July according to the Federal Reserve. Revolving credit...

Financial Trades: Proposed Reporting Changes Would Increase Data Collection Burden

Compliance and Risk

ABA, the Financial Services Forum and the Securities Industry and Financial Markets Association wrote to the Federal Reserve today offering...

ABA, Groups Call for Short-Term Extension of Covered Business Method Program

ABA joined a group of financial and retail trade groups in a letter to Sens. David Perdue (R-Ga.) and Richard...

ABA, NCBA Unveil New Ads Highlighting Rep. Budd’s Support for PPP, Small Biz