ABA: Understanding Your Role as a Financial Caregiver
November is National Family Caregiver Month WASHINGTON — According to the Caregiver Action Network, more than 90 million Americans care for a loved one living with a disability, disease or experiencing reduced financial capability as a result of aging. Financial caregivers play an important role in ensuring that all finances — from routine to complex — are managed wisely,…
ABA: Survey Shows Consumers Trust Banks Most To Keep Their Payments Safe
Twenty-one percent of consumers have used mobile app to make payment WASHINGTON — An overwhelming majority of consumers — 82 percent — trust banks most to keep their payments safe, according to a recent survey from the American Bankers Association. Only 3 — 4 percent of consumers trust major retailers or telecom companies to protect their payments. “Banks always make the…
ABA: 12 Ways to Protect Your Mobile Device From Hackers
WASHINGTON — As more and more consumers rely on their mobile devices to bank, browse and shop on the internet, it is extremely important that they exercise certain measures to protect their devices from online threats. In recognition of National Cybersecurity Awareness Month, the American Bankers Association is recommending 12 tips to help consumers safeguard…
ABA: Bankers Celebrate Get Smart About Credit Day, Promote Financial Literacy
Bankers visit classrooms across the country on Oct. 20 to teach credit education WASHINGTON — Bankers across the country are celebrating the American Bankers Association Foundation’s Get Smart About Credit Day today by visiting high school classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third Thursday of…
ABA: 8 Tops to Protect Your Identity
October is National Cybersecurity Month WASHINGTON —Every year, millions of consumers become victims of identity theft. According to the Bureau of Justice Statistics, an estimated 17.6 million U.S. residents experienced the misuse of their personal information in 2014, up from 16.6 million victims in 2012. In recognition of National Cybersecurity Awareness Month, the American Bankers…
ABA: Massachusetts Banker Named as New ABA Chairman
Savarese is second woman elected chairman in 142-year history WASHINGTON — Dorothy A. Savarese has been elected chairman of the American Bankers Association for the 2016-2017 association year. She is also the chairman, CEO and president of Cape Cod Five Cents Savings Bank, a $3 billion mutual institution based in Orleans, Mass. “Banks play such…
ABA: 5 Ways to Protect Your Small Business from Ransomware Attacks
WASHINGTON — Small businesses are becoming popular targets to a form of malware known as ransomware. Ransomware is used by cybercriminals to freeze your computer or mobile device, steal your data and demand a “ransom” — anywhere between a couple of hundreds to thousands of dollars — be paid. Ransomware infiltrates enterprise networks and servers and individual laptops or computers, leading…
ABA: Foundation Accepting Entries for 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 will create…
ABA: Survey – 1 in 3 Americans Use Mobile Deposit
62 percent of users do so at least once per month WASHINGTON — One in three Americans have deposited a check using a mobile device within the past year, according to a new survey by the American Bankers Association. Of those who have used mobile deposit, 62 percent report using it at least once per…
ABA: Survey – Top Reasons Consumers Plan to Consult Their Bank
WASHINGTON — Car loans, mortgages and saving for college are the top reasons consumers plan to consult their bank over the next year, according to a new survey by the American Bankers Association. Two in five Americans indicated they may contact their bank about these or other important financial decisions within the next 12 months….