A series of proposed changes restricting access to America Invents Act post-grant proceedings before the Patent Trial and Appeal Board are contrary to congressional intent and create unnecessary hurdles for businesses that are sued by entities on weak patents that should have never been issued, the ABA and six associations said.
In an American Banker op-ed, ABA’s Robert Flock took the National Credit Union Administration to task over its role in supporting the significant expansion of the credit union industry, including its latest efforts to expand credit union chartering and field of membership rules.
Bank economists expect credit conditions to soften over the remainder of the year due to the economic headwinds faced by consumers and businesses, according to the latest Credit Conditions Index released by ABA’s Economic Advisory Committee.
ABA honored two experienced risk and compliance executives with Distinguished Service Awards at its Risk and Compliance Conference in San Antonio yesterday.
Any CFPB activity on data brokers should target unregulated entities and not upset the existing regulatory framework for financial institutions, ABA said in a letter to the agency.
ABA announced two additions to its bipartisan congressional relations team as the association continues to strengthen its advocacy efforts on Capitol Hill.
Despite its name, the Credit Card Competition Act would not increase competition but instead hurt consumers and benefit big-box retailers, ABA and nine financial sector trade groups said in a joint letter to Congress.
A bill that would impose network routing requirements on banks that issue credit cards harms consumers for the benefit of big retailers and grocery chains, ABA President and CEO Rob Nichols said today.
ABA and eight financial sector trade associations urged the Federal Communications Commission to require text messages to be authenticated and set a deadline for the development and mandatory implementation of a text message authentication solution.
A proposed bill to impose network routing requirements on banks that issue credit cards is anti-consumer, anti-competitive and will harm everyone except large merchants, ABA and 51 state bankers associations said in a joint letter to congressional leaders.