ABA: Virginia Teen Named Grand Prize Winner of National Video Contest
‘Lights, Camera, Save!’ inspires kids and teens to save during America Saves Week WASHINGTON—In recognition of America Saves Week, the American Bankers Association Foundation announced today the three national winners for its 2017-2018 Lights, Camera, Save! video contest. The winning videos were revealed through a live broadcast on the association’s YouTube channel. The judging panel,…
ABA: 7 Worthwhile Ways to Use Your Tax Refund
Average U.S. taxpayer receives nearly $3,000 refund WASHINGTON – According to the Internal Revenue Service, more than 70 percent of the nation’s taxpayers received a tax refund averaging nearly $3,000 in 2017 and will get a similar amount this year. As Americans receive their refunds along with additional benefits coming from the Tax Cuts and…
ABA: Foundation Launches Social Media Contest for Lights, Camera, Save! Finalists
Cast your vote for ‘Savers’ Choice’ by Feb.14 The American Bankers Association Foundation is hosting a social media contest to allow viewers nationwide to vote for their favorite Lights, Camera, Save! video entry.Lights, Camera, Save! is an annual video contest that encourages teen participants to produce a short film that communicates the importance of sound…
ABA Report Shows Credit Card Market Continued to Expand in Third Quarter
The credit card market continued to expand in the third quarter of 2017 as monthly purchase volumes edged up across risk tiers, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. On an annual basis, purchase volumes rose 3.3 percent for prime accounts and 4.3 percent for super-prime accounts, but fell 3.9…
ABA: Bank Economists See Solid Economic Growth Supported by Tax Reform
The U.S. economy will continue to grow through 2019, surpassing the longest previous period of economic prosperity in the post-war era, according to the Economic Advisory Committee of the American Bankers Association. “This expansion has already spanned nine years, supported by strengthening labor markets, low interest rates, and a late-cycle resurgence in business investment,” said…
ABA: Report Shows Consumer Delinquencies Mixed in Third Quarter
The delinquency picture was mixed in last year’s third quarter, as delinquencies in closed-end loans (like personal or auto loans) rose while delinquencies in key open-end loans (like credit cards) fell, according to results from the latest American Bankers Association Consumer Credit Delinquency Bulletin. Overall, delinquencies fell in 5 and rose in 5 of the…
ABA: National Judges Set to Select 2017-2018 Lights, Camera, Save! Winners
Teen Video Contest Accepting Entries through Dec. 1 WASHINGTON – The American Bankers Association Foundation has announced its Lights, Camera, Save! national judging panel, along with the list of 157 participating banks, who will hold 173 contests in 45 states through Dec. 1. Contest winners will be announced during America Saves Week 2018. The Lights,…
ABA: Consumer Tips | How to Avoid Holiday Spending Headaches
As early Black Friday deals kick off the holiday shopping season sooner than ever, it’s important for consumers to develop a holiday spending plan to avoid financial headaches in the future, says the American Bankers Association. ABA is highlighting seven tips to help consumers minimize their holiday spending debt. “It’s a special feeling to make…
ABA: Foundation Releases Inaugural Survey Detailing Bank Efforts to Serve and Protect Seniors
In recognition of Family Caregivers Month, the ABA Foundation released its inaugural Older Americans Benchmarking Report, an unprecedented survey detailing how banks across the country are working with seniors and their financial caregivers to address the growing threat of elder financial fraud. To produce the report, the ABA Foundation surveyed 103 banks of all sizes…
ABA: Ag Lender Survey – Farm Profitability Still Down but Improving
ABA and Farmer Mac survey shows lenders slightly more optimistic Eighty-two percent of agricultural lenders reported a decline in farm profitability in the last 12 months, according to a joint survey by the American Bankers Association and the Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A). Despite the continued decline, the survey of…