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…
ABA Report: Credit Card Market Expands in Second Quarter, Mirroring Economic Growth
Credit card use continued to expand in the second quarter, according to the American Bankers Association’s latest Credit Card Market Monitor. Monthly purchase volumes rebounded after a seasonal decline in the first quarter, rising by 9 percent across risk tiers. On an annual basis, purchase volumes rose 4.9 percent for prime accounts and 5.2 percent…
ABA: Stonier Graduate School of Banking Announces New Advisory Board Members
The American Bankers Association announced the appointment of four new members to the advisory board of the ABA Stonier Graduate School of Banking, the industry’s preeminent graduate school offered in partnership with the University of Pennsylvania’s Wharton School. The advisory board, which consists of 14 industry leaders from across the nation, works closely with the…
ABA: Prestigious Ag Banking Award Goes to Pennsylvania Banker
The American Bankers Association Center for Agricultural and Rural Banking will present Pennsylvania banker Michael H. Firestine with its annual Bruning Award for his leadership and outstanding dedication to providing credit and financial guidance to farmers, ranchers and rural businesses. The award will be presented at the ABA National Agricultural Bankers Conference in Milwaukee on…
ABA: ABA to Congress – GSE Reform Essential to Stability of Housing Finance
The American Bankers Association outlined a set of key principles that should guide GSE reform, and explained why legislative action is needed to preserve access for lenders of all sizes and from all regions of the country in testimony before the House Financial Services Committee today. Brenda Hughes, senior vice president and director of mortgage…