ABA Voices Support for Cannabis Banking Legislation
In a letter to Senate members on Friday, ABA offered support for S. 1200, the Secure and Fair Enforcement Banking...
Newsbytes
ABA Data Bank: Bankers Look Deep Into Past for CECL Prep
More than three-quarters of financial institutions will gather data from five or more years back as they prepare to implement...
Bankers Observe Teach Children to Save Day Today
More than 9,800 bankers hosted financial education events across the country this week in celebration of Teach Children to Save...
Fed’s Bowman: Compliance Concerns Hindering Community Bank Innovation
Federal Reserve Governor Michelle Bowman today expressed concern that regulatory complexities and compliance issues could be hindering community banks’ approach...
WSJ Article Highlights Core Processor Innovation Challenges
A Wall Street Journal article today examined the challenges that many community banks face when working with their core processors...
ABA Supports Bill to Make 199A Tax Deduction Permanent for S-Corps
The American Bankers Association today joined more than 100 trade organizations in a letter of support for H.R. 216, the...
Small Business Optimism Index Increases in March
The NFIB Small Business Optimism Index increased to 101.8, 0.1 points above February's reading. This is a historically strong level....
Consumer Delinquencies Mixed in Fourth Quarter of 2018
Consumer credit delinquencies were mixed in the fourth quarter of 2018, with the composite index of closed-end loans falling and...
Large Bank CEOs Raise Concerns About Cybersecurity, Slowing Global Growth
Cybersecurity and the slowing of the global economy are two key issues of concern, the CEOs of the nation’s largest...
Quarles: SOFR Meets Regulatory Due Diligence Requirements
Regulatory agencies will expect banks to conduct thorough due diligence on the reference rates they use, but the Secured Overnight...
