ABA: Brooke Ybarra Named as New Head of Office of Innovation
Brooke Ybarra has been named senior vice president of innovation and strategy at the American Bankers Association and will lead the group’s Office of Innovation. In this position, Ybarra will play a key role in helping ABA member banks keep pace with technological innovation by identifying promising startups and emerging technologies that benefit the banking…
ABA: Foundation Accepting Donations to Support Montana Flood Relief Efforts
Acting on a request from the Montana Bankers Association, the ABA Foundation will activate its online disaster relief fundraising platform to support relief efforts in the state after historic Yellowstone River flooding The American Bankers Association Foundation today announced it will start collecting tax-exempt contributions through its Disaster Relief Program to help aid relief efforts…
ABA: Farm Bank Lending Increased to $99.6 Billion in 2021
Farm banks held $14.6 billion in PPP loans, $43.8 billion in small and micro loans Agricultural lending by U.S. farm banks increased 5.5% in 2021 to $99.6 billion, according to the American Bankers Association’s annual Farm Bank Performance Report. The report attributed the change to a 7.5% increase in outstanding loans secured by farmland and…
ABA: New Infographic with Tips for Prospective Home Buyers Released
In recognition of American Housing Month, the American Bankers Association Foundation today released an infographic outlining five tips for how home buyers can overcome challenging market conditions and make their dream of homeownership a reality. The infographic acknowledges that limited housing inventory, supply chain disruptions that have delayed new home construction, rising interest rates and the increased…
ABA: Credit Market Conditions Expected to Weaken in Months Ahead Amid High Inflation
While the consumer and business credit markets remain on generally solid footing, bank economists expect credit conditions to weaken over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets…
ABA: Bank Economists Foresee Economic Soft Landing, But Downside Risks Challenge Outlook
The U.S. economy will continue to expand through 2024, but at a slower pace than its long-term potential, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee. The economists also expect inflation to gradually slow toward the Federal Reserve’s objective of 2% over the next two years. The committee, made up…
ABA: Bankers Associations Partner to Strengthen Nationwide Online Banking Career Center
The American Bankers Association has teamed with the Illinois Bankers Association and 32 other state bankers associations to deliver an enhanced BankTalentHQ.com, an innovative banking career hub for banks looking to hire and job seekers across the country. The online career center allows users to search for and post available positions across the country, and also…
ABA: Report Finds Credit Card Market Recovery Continued in Fourth Quarter 2021
In a sign of continuing U.S. consumer strength, monthly credit card purchase volumes rose across risk tiers (prime, subprime, and super-prime) in last year’s fourth quarter, the third consecutive increase, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor released today. The May 2022 Monitor, which reflects credit card data from October to…
ABA: Foundation Encourages Banks to Submit Nominations for 10th Annual Community Commitment Awards
The ABA Foundation is seeking submissions for its 10th annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary community engagement, recognizes innovative, high-impact bank programs that improve the quality of life for customers banks serve. The entry period for submitting nominations ends July 1. “Over the last 10 years, ABA has…