With help from the Kentucky Bankers Association, the Arkansas Bankers Association is raising funds to assist bank employees and others directly affected by recent tornadoes in the state.
The American Bankers Association’s longstanding opposition to credit union acquisitions of taxpaying community banks was captured in a story in American Banker last week exploring the concerning trend.
Agricultural lending by U.S. farm banks increased 8.1% in 2022 to $103.1 billion despite supply chain disruptions, volatility in commodity prices and geopolitical uncertainty, according to the ABA’s annual Farm Bank Performance Report released this week.
In a keynote address to bankers this morning at the 2023 ABA Washington Summit, ABA President and CEO Rob Nichols addressed the recent failures of Silicon Valley Bank and Signature Bank, urging the industry to remain calm and united in the face of what he called an “idiosyncratic liquidity disruption” at these institutions.
A guest column in the New York Times claiming credit card points are being paid for by the poor is not supported by the evidence, American Bankers Association President and CEO Rob Nichols said in a recent letter to the editor appearing in the newspaper.
Sens. Tim Scott (R-S.C) and Steve Daines (R-Mont.) will speak at the ABA Washington Summit, to be held next week from March 20-22.
Treasury Secretary Janet Yellen has been added as a keynote speaker at ABA’s Washington Summit, to be held next week on March 20-22.
Lawmakers and regulators should adhere to the principle of “same activity, same risk, same regulation” when developing a framework for digital asset regulation, seeking to apply existing financial system safeguards to the digital asset ecosystem and filling in gaps with new legislation, ABA said this week.
Rep. Maxine Waters (D-Calif.), ranking member on the House Financial Services Committee, will speak at the ABA Washington Summit, to be held March 20-22.
Responding to initial IRS guidance on the provision for stock buyback excise taxes within last year’s Inflation Reduction Act, ABA last week recommended that one-year carryforward and carryback periods should be granted for net preferred stock issuances.