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…
ABA: Bankers Celebrate Get Smart about Credit Day, Promote Financial Literacy
Bankers visit classrooms across the country on Oct. 19 to teach credit education Bankers across the country are celebrating the American Bankers Association Foundation’s Get Smart About Credit Day on Oct. 19 by visiting high school classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third…
ABA: Texas Banker Names as New ABA Chairman
Kenneth L. Burgess, Jr. has been elected chairman of the American Bankers Association for the 2017-2018 association year. Burgess is also the chairman of FirstCapital Bank of Texas, a locally owned and managed independent community bank, currently holding more than $1 billion in assets. “Banks of all sizes — no matter how big or how…
ABA: Officers, Board Elected for 2017-2018
Members attending the American Bankers Association’s annual convention in Chicago, have elected new ABA officers and directors to serve on ABA’s board for the 2017–2018 association year. The new officers are: CHAIRMAN: Kenneth L. Burgess, Jr., chairman, FirstCapital Bank of Texas, Midland, Texas; CHAIRMAN-ELECT: Jeffrey M. Szyperski, chairman, president and CEO, Chesapeake Bank, Kilmarnock, Va.;…
ABA: Survey Shows Americans Trust Banks Most to Keep Their Payments Safe
25 percent of consumers have used mobile app to make a payment WASHINGTON —Nearly 6 in 10 Americans —59 percent— trust banks most to keep their payments safe, according to a new survey conducted by Morning Consult for the American Bankers Association. Only 12 percent of consumers trust alternative payment providers, such as Apple, PayPal…
ABA: Banks Accepting Entries for ABA Foundation’s Lights, Camera, Save! Video Contest
Local banks sponsor teen competition WASHINGTON — Banks nationwide are now accepting entries as a part of the American Bankers Association Foundation’s annual Lights, Camera, Save! video contest. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. Through Lights, Camera, Save!, teen participants…
ABA: Survey Shows Online, Mobile Are Most Popular Banking Channels
Results show different generations have different banking tendencies Forty percent of Americans manage their bank accounts online more frequently than any other method, according to a recent survey conducted by Morning Consult on behalf of the American Bankers Association. One in 4 consumers (26 percent) use their mobile devices most often to conduct their banking…