Customers will continue to accelerate their demands for anytime/anywhere banking. They will look to banks as expert advisers who can help them overcome stress and manage financial goals.
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In a long-awaited move, the Securities and Exchange Commission today proposed two new rules and an interpretation to improve investors’ understanding of their relationships with investment advisers and broker-dealers.
In a global study of banks’ digital sales capabilities, North American banks showed the largest improvement, led largely by U.S. institutions, according to a study by financial technology provider Avoka.
Over the past 15 years since they were created, health savings accounts have grown to 22 million accounts totaling $45.2 billion in assets — and assets are expected to surpass $60 billion by 2019. This fast-growing market represents a strong business opportunity for banks, according to two experts speaking on the latest episode of the ABA Banking Journal Podcast that is sponsored by WEX Health.
The FDIC has proposed to rescind the former Office of Thrift Supervision’s rule on fiduciary powers of state savings associations and amend current FDIC regulations regarding consent to exercise trust powers to reflect their applicability to both state savings associations and state nonmember banks.
A panel of federal judges today vacated the Department of Labor’s fiduciary rule in its entirety, overturning a lower court ruling.
The ABA Foundation is proud to support the financial readiness and success of our service member customers and their families.
In a letter to Department of Labor Assistant Secretary Preston Rutledge today, ABA urged the DOL to make significant changes to its fiduciary rule in order to provide a finished, measured and functional regulation on investment advice.