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.
With customers fixated on fees in a competitive environment shaped by robo-advisers and digital disruptors, trust and wealth managers must prove their worth to clients of high net worth.
As the Department of Labor continues its review of the Obama-era fiduciary rule, DOL has finalized its plans to extend to July 1, 2019, the applicability date for certain exemptions to rule.
Consumers need better information about what happens when they share bank account credentials with third-party financial aggregators, Federal Reserve Governor Lael Brainard said today at a fintech conference.