Browsing: Military banking

Newsbytes

To help encourage military veterans and active-duty military spouses to transition to banking as a career, the American Bankers Association today announced that it is launching a new suite of online training courses — available for free to ABA member banks — called “Transitioning Careers: Basic Bank Training for Veterans.”

Economy

As House and Senate lawmakers work to reconcile their versions of the FY 2019 National Defense Authorization Act, ABA — along with the Independent Community Bankers of America and the Association of Military Banks of America — today wrote to conference committee members urging them to include in the final bill a House provision that would level the playing field between credit unions and banks serving military bases.

Compliance/Risk

In a comment letter to the Department of Defense today, ABA called on the Pentagon to repeal a section of the amendments to its Military Lending Act interpretive rule relating to service members’ ability to finance the purchase of Guaranteed Acceptance Protection insurance with a loan used to purchase the vehicle.

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