The Massachusetts Bankers Association is voicing support for a lawsuit filed by national bank trade groups earlier this week over stringent and what the national groups call “counterproductive” changes made to Community Reinvestment Act rules.
Bank economists see both credit quality and credit availability weakening over the fourth quarter of this year and the first quarter of 2023 as consumers and businesses find it hard to keep up with the current market conditions.
While less than half of U.S. banks said they were very or extremely satisfied with their core technology provider, these vendors overestimated their effectiveness in helping banks, according to the American Bankers Association.
Democrats have updated a Biden administration proposal that would require that banks and credit unions report account activity to the Internal Revenue Service, but trade groups remain opposed to the plan.
Major figures in the banking and commercial and residential real estate industries roundly condemned Wednesday’s attack on the U.S. Capitol Building by supporters of President Donald Trump aimed at halting Congress’ ceremonial affirmation of the 2020 election results.
The Federal Accounting Standards Board voted on Oct. 16 to delay the new CECL (current expected credit loss) standard for some companies.
The American Banker’s Association Foundation has named Webster Bank’s Kathy Luria winner of the 2019 George Bailey Distinguished Service Award.
The Federal Reserve announced today it will challenge a banking industry-backed group for real-time payments customers by developing its own system.
Many banks and credit unions will have additional time to prepare for the new Current Expected Credit Loss accounting system after the Financial Accounting Standards Board recently voted to delay implementation for a select group.
The National Credit Union Administration is pushing back against a lawsuit filed by the American Bankers Association last year seeking to overturn a rule approved by the NCUA granting credit unions more flexibility to expand their membership.
Monthly credit card purchase volumes rose between 6 and 9 percent across risk tiers in the third quarter of last year, the American Bankers Association said today in its January 2017 Credit Card Market Monitor.
The American Bankers Association this week published a fact sheet illustrating the impact of EMV on fraud.
Some consumer delinquencies ticked up in the third quarter of 2016, though they remained near historic lows, the American Bankers Association (ABA) said today.
The American Bankers Association (ABA) has filed a lawsuit against the National Credit Union Administration over a rule the ABA says would unlawfully expand fields of membership for credit unions.
The number of new credit card accounts and monthly purchase volumes continued to expand this year, according to the American Bankers Association’s latest Credit Card Market Monitor.
The American Bankers Association has elected Dorothy A. Savarese, CEO and president of Cape Cod Five Cents Savings Bank, as chairman for the 2016-2017 association year.
Consumer delinquencies in closed-end loans fell slightly in the second quarter, driven by a drop in home equity loan delinquencies, the American Bankers Association said this week.
