Browsing: Fintech

Newsbytes

A Wall Street Journal article today examined the challenges that many community banks face when working with their core processors to implement new technologies and remain competitive with larger institutions and highlighted ABA’s efforts to help banks innovate more quickly.

Compliance

Responding to a request for feedback on consumer privacy legislation from Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio), ABA today emphasized banks’ strong privacy and data security framework under the Gramm-Leach-Bliley Act and called for Congress to take an approach that ensures consistent privacy protections while promoting marketplace efficiency.

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