Burgess Elected ABA Chairman
Ken Burgess was elected the 2017-18 ABA chairman today during the association’s Annual Convention in Chicago.
Ken Burgess was elected the 2017-18 ABA chairman today during the association’s Annual Convention in Chicago.
Industrial production rose 0.3% in September after a 0.7% slump in August, according to the Federal Reserve. September’s estimation was slightly lowered due to the continued effects of Hurricanes Harvey and Irma. Manufacturing output grew 0.1% in September after slipping in the preceding two months. Production of durable and nondurable goods increased 0.7% and 0.4%,
Sen. Ed Markey (D-Mass.) weighed in today on the importance of security of customers’ financial data when they share it with third parties.
In her year-in-review speech at the ABA Annual Convention today, outgoing ABA Chairman Dorothy Savarese highlighted the association’s year of advocating in the nation’s capital and empowering bankers to succeed.
Declining capital buffers for Fannie Mae and Freddie Mac could leave the government-sponsored enterprises with little ability to absorb losses if allowed to zero out at the end of the year, FHFA Director Mel Watt opined out in a letter to ABA and other trade associations last week.
Fifty-one state bankers associations today wrote to members of the Senate Banking Committee encouraging lawmakers to continue pursuing the goal of bipartisan regulatory reform.
As customers increasingly expect a seamless account opening experience through digital channels, ABA has endorsed the digital account opening technology offered by Charlotte, N.C.-based Zenmonics.
More than 125 bankers today toured two Chicago neighborhoods whose redevelopment is being led by coalitions of banks, municipal groups and local community development nonprofits.
Congressional leaders and the Trump administration are working on a plan to raise the asset threshold for systemically important financial institutions to at least $200 billion, National Economic Council Director Gary Cohn said today at ABA’s Annual Convention in Chicago.
The White House is close to naming a community banker to the Federal Reserve Board of Governors, National Economic Council Director Gary Cohn told the American Bankers Association’s Annual Convention this morning in Chicago.