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…
ABA: Foundation Recognizes ‘Lights, Camera, Save!’ Winners for 2022
Ohio Teen Named Grand Prize Winner of National Video Contest Brodie Bosworth, a 17-year-old student at Lancaster High School in Lancaster, Ohio, is the national winner of the American Bankers Association Foundation’s Lights, Camera, Save! teen video contest for his entry, “Money Tree.” The ABA Foundation announced the national contest winners today via a video posted to ABA’s…
ABA: Instagram Voting Opened for National “Lights, Camera, Save!” Teen Video Contest
Cast your vote on ABA’s Instagram page beginning April 13 The American Bankers Association Foundation today kicks off its Lights, Camera, Save! social media contest via ABA’s Instagram page to allow people to vote for their favorite video entry submitted by teens from across the country. Lights, Camera, Save!, now in its 12th year, is a national…
ABA: Comment Letter Issued to CFPB on Request for Information on Fees Charged by Financial Service Providers
In a detailed comment letter filed today, the American Bankers Association and all 51 state bankers associations directly challenge the basic premise behind the Consumer Financial Protection Bureau’s Request for Information on fees charged by financial service providers in the U.S. The letter reads in part: “The CFPB has long pledged to be a ‘data-driven’ agency that…
ABA: Credit Market Conditions Expected to Weaken Amid High Inflation
The six-month outlook for consumer and business credit markets softened this quarter, according to the American Bankers Association’s latest Credit Conditions Index released today. Bank economists expect the credit environment to normalize following a period of unusually strong credit availability and quality, which were underpinned by robust consumer savings amid federal stimulus payments and low…
ABA: New Consumer Polling Data on Major Bank Policy Issues Unveiled at 2022 ABA Washington Summit
U.S. consumers are happy with their bank, value overdraft protection and support cannabis banking, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey found that 9 in 10 Americans with a bank account (89%) say they are “very satisfied” or “satisfied” with their primary bank and…
ABA: Banks Begin Accepting Entries for ABA Foundation’s Annual “Lights, Camera, Save!” Teen Video Contest on February 21st
Banks across the nation will begin accepting entries for the American Bankers Association Foundation’s 12th annual Lights, Camera, Save! video contest on Mon., Feb 21. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. This free competition is one of the ABA Foundation’s most popular…