Agencies Issue Statement on Elder Financial Exploitation
Five federal financial regulatory agencies, the Financial Crimes Enforcement Network (FinCEN), and state financial regulators issued a statement today to provide supervised institutions with examples of risk management and other practices that may be effective in combatting elder financial exploitation. Older adults who experience financial exploitation can lose their life savings and financial security and face other…
ABA: Seven Banks Win ABA Foundation 2024 Community Commitment Awards
The American Bankers Association Foundation today named seven banks as 2024 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized at ABA’s Annual Convention in New York City on Oct. 29. The selection committee, made up…
ABA: Bank Employees Across U.S. Celebrate 21st Annual Get Smart About Credit Day
Bank employees across the country will celebrate the American Bankers Association Foundation’s Get Smart About Credit campaign today and throughout the year by educating teens and young adults about a range of personal finance topics. Get Smart About Credit Day, celebrated annually on the third Thursday of October, is one of three ABA Foundation youth financial education…
ABA: America’s Banks and ABA Launch Two Major Consumer Protection Initiatives: #PracticeSafeChecks and #BanksNeverAskThat
Introduces new #PracticeSafeChecks campaign, celebrates 5th annual #BanksNeverAskThat campaign The American Bankers Association joined by banks across the country today launched two major consumer protection initiatives to combat the growing threat of fraud and scams. ABA’s award-winning #BanksNeverAskThat anti-phishing campaign, which has educated millions of bank customers about common scams from bad actors posing as…
ABA: Foundation Joins with Government Agencies to Launch New Infographic Warning Consumers about Cryptocurrency Scams
The ABA Foundation, in collaboration with the Federal Bureau of Investigation, Commodity Futures Trading Commission, Securities and Exchange Commission, Internal Revenue Service – Criminal Investigation, Department of Homeland Security, U.S. Secret Service, Financial Crimes Enforcement Network and Financial Industry Regulatory Authority today released a new infographic warning consumers about the increasing threat of cryptocurrency investment scams. According…
ABA: Foundation Encourages Banks to Host “Lights, Camera, Save!” Video Contest
The American Bankers Association Foundation is urging banks across the country to participate in its upcoming 14th annual Lights, Camera, Save! video competition that runs from Oct.1 to Dec.1. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. The competition is one of the ABA…
ABA: Foundation Launches “Unlocking Homeownership” Education Campaign
The ABA Foundation today launched a new campaign, Unlocking Homeownership, which seeks to respond to the nation’s housing challenges by making it even easier for banks of all sizes to promote homeownership education and counseling. The campaign is part of the ABA Foundation’s celebration of June as American Housing Month. In partnership with NeighborWorks®America and Rebuilding…
OCC: Acting Comptroller Discusses Improving Consumer Financial Health
Acting Comptroller of the Currency Michael J. Hsu today discussed improving customer financial health during a presentation at the Emerge Financial Health conference in Chicago. Mr. Hsu’s written remarks in support of his presentation discussed the Office of the Comptroller of the Currency’s work to describe financial health and develop measures of financial health that…
ABA: Foundation Accepting Submissions for 12th Annual Community Commitment Awards
Today, the American Bankers Association Foundation announced it is now accepting submissions for its 12th annual Community Commitment Awards. The Foundation is encouraging banks of all sizes to enter their most successful community initiatives for the awards, ABA’s highest honors for extraordinary community engagement. The CCAs recognize innovative, high-impact bank programs that improve the quality of…
ABA: Bank Volunteers Celebrate National Financial Literacy Month with New Teach Children to Save Lessons
April 25th marks ABA Foundation’s 27th annual Teach Children to Save Day On April 25th, bank employees will deliver financial literacy lessons to K-8 students across the nation as part of the ABA Foundation’s 2024 Teach Children to Save Day. The annual Teach Children to Save campaign is a centerpiece of the banking industry’s longstanding commitment…