Insider threats — from negligent behavior to malicious intent — demand a coordinated response to detection, escalation and mitigation, according to experts. And although banks have invested in systems designed to detect and prevent threats emanating from external illicit activities, insider threats often are underestimated. The post Insider risk: Learning and combatting misconceptions appeared first on ABA Banking Journal.| ABA Banking Journal
A new study of investor behavior during the 2023 bank runs found that news coverage was at least as important as underlying bank fundamentals in driving investor perceptions of bank risk. The post New York Fed study examines media role in 2023 bank failures appeared first on ABA Banking Journal.| ABA Banking Journal
Recent executive orders are reshaping expectations, requiring that account closure decisions be based on objective, individualized risk assessments rather than political, religious, or reputational considerations. The post Just the facts: Managing account closures in a new regulatory environment appeared first on ABA Banking Journal.| ABA Banking Journal
Overall residential mobility has declined in response to reduced home affordability, with the share of the population moving each year declining to 11.8% in 2024, from 15.4% in 2010. The post ABA DataBank: Americans moving less within the same county appeared first on ABA Banking Journal.| ABA Banking Journal
Economic activity in the services sector was unchanged in September. A Services PMI reading of 50% was at the breakeven point between expansion and contraction for the first time since January 2010. The post ISM: Service sector remained unchanged in September appeared first on ABA Banking Journal.| ABA Banking Journal
Banks aren't immune to insistent customers who attempt to circumvent controls that protect the bank or go against their own personal or financial protection. It is critical to create a culture that ensures that employees feel empowered and supported by bank leaders in instances where the customer isn’t right. The post Fraud prevention: When the customer isn’t always right appeared first on ABA Banking Journal.| ABA Banking Journal
While the percentage of U.S. consumers classified as financially unhealthy has remained stable, many also report working in a second job or side gig to stabilize their finances, according to a recent survey by J.D. Power. The post Survey: One-third of U.S. consumers working second job to cover finances appeared first on ABA Banking Journal.| ABA Banking Journal
How MDIs power the American dream amid an affordability crisis. The post Minority banks and mortgages appeared first on ABA Banking Journal.| ABA Banking Journal
As lawmakers consider deposit insurance reform, Senate Banking Committee Chairman Tim Scott (R-S.C.) is asking the FDIC to provide additional information about the amount of uninsured deposits in the U.S. banking system and the cost to banks should the deposit insurance limit be increased. The post Sen. Scott seeks more info from FDIC on deposit insurance reform appeared first on ABA Banking Journal.| ABA Banking Journal
Banks have been using natural language processing and machine learning applications for years in managing their anti-money laundering and Bank| ABA Banking Journal
The American Bankers Association last week responded to a request for information from the Office of the Comptroller of the| ABA Banking Journal
National Bank Holdings in Denver has agreed to buy Vista Bancshares in Dallas. The $9.9 billion-asset parent of NBH Bank| ABA Banking Journal
The Consumer Price Index increased 0.4% in August on a seasonally adjusted annual basis, after rising 0.2% in July, the| ABA Banking Journal
The Small Business Optimism Index from the National Federation of Independent Business increased by 0.5 points in August to 100.8,| ABA Banking Journal
The Office of Foreign Assets Control announced the following sanctions action last week. Enforcement Action OFAC Settlement with Fracht FWO| ABA Banking Journal
The Financial Crimes Enforcement Network and U.S. banking agencies today released guidance for financial institutions on how to share financial| ABA Banking Journal
By John Paul Rothenberg and Anaya Jhaveri ABA Data Bank The April 2025 Federal Reserve Senior Loan Officer Opinion Survey,| ABA Banking Journal
The Financial Crimes Enforcement Network today unveiled a facelift for its main website, which it said has been redesigned to| ABA Banking Journal
The Connectivity Dividend| ABA Banking Journal
Illinois lawmakers today passed a state budget that includes a ban on the collection of credit and debit card interchange| ABA Banking Journal
Anti-money laundering United States v. TD Bank Date: Oct. 10, 2024 Issue: TD Bank’s consent orders with the U.S. Department| ABA Banking Journal
American Bancorp in Macon, Georgia, has applied to buy New Republic Partners in Charlotte, North Carolina. The application said that| ABA Banking Journal
New orders for manufactured durable goods decreased $8.8 billion or 2.8% in July to $302.8 billion, the U.S. Census Bureau| ABA Banking Journal
Home prices increased 1.9% in June compared to the same month a year ago, down from a 2.3% rise the| ABA Banking Journal
FDIC Acting Chairman Travis Hill today said his agency will have a busy fall season, with implementation of a new| ABA Banking Journal
The Consumer Confidence Index was 97.4 in August, down from 98.7 in July, the Conference Board said. The present situation| ABA Banking Journal
The American Bankers Association today recommended that federal regulators quickly finalize a series of proposed changes to the enhanced supplementary| ABA Banking Journal
The Office of Foreign Assets Control announced the following sanctions action last week. SDN List Updates OFAC issues corrections to| ABA Banking Journal
Retail and food service sales for July were $726.3 billion, up 0.5% from the previous month, the Commerce Department said| ABA Banking Journal
By Tyler Mondres and Hugh Carney ABA Viewpoint The FDIC’s recent proposal to index key asset thresholds is a long-overdue| ABA Banking Journal
Industrial production decreased 0.1% in July from the previous month, the Federal Reserve reported. The July figure was up 1.4%| ABA Banking Journal
The Federal Reserve will sunset a program started in 2023 to supervise bank activities related to cryptocurrencies and financial technology| ABA Banking Journal
The University of Michigan Consumer Sentiment Index decreased 5% in August compared to the month prior, landing at 58.6, according| ABA Banking Journal
Business inventories in June came in at $2.66 trillion, up 0.2% from the month prior and up 1.6% from a| ABA Banking Journal
By Tyler Mondres and Hugh Carney ABA Viewpoint The FDIC’s recent proposal to index key asset thresholds is a long-overdue| ABA Banking Journal
For Americans hitting the road this summer, 68% are either cutting back or watching their travel budgets. Only 11% are spending more than usual.| ABA Banking Journal
Small-business owners are focused on long-term growth and succession planning, according to a recent survey conducted by U.S. Bank. The| ABA Banking Journal
By Debra Cope Just months into his new role, M. Dean Lewis is already making his mark as CEO of| ABA Banking Journal
The NFIB Small Business Optimism Index rose 1.7 points in July to 100.3, slightly above the 52-year average of 98,| ABA Banking Journal
First Financial in Cincinnati has agreed to buy BankFinancial in Burr Ridge, Illinois. The $18.6 billion-asset First Financial said in| ABA Banking Journal
The Labor Department yesterday rescinded a 2021 supplemental statement that discouraged fiduciaries from considering alternative assets in 401(k) retirement plan| ABA Banking Journal
The NFIB Small Business Optimism Index rose 1.7 points in July to 100.3, slightly above the 52-year average of 98,| ABA Banking Journal
The Labor Department yesterday rescinded a 2021 supplemental statement that discouraged fiduciaries from considering alternative assets in 401(k) retirement plan| ABA Banking Journal
The Consumer Price Index rose 0.2% in July after rising 0.3% the previous month, and increased 2.7% over the past| ABA Banking Journal
By John C. Asbury John C. Asbury is chair of ABA and CEO of Atlantic Union Bank in Richmond, Virginia.More| ABA Banking Journal
The American Bankers Association and 52 state bankers associations yesterday urged lawmakers to use upcoming market structure legislation to close| ABA Banking Journal
The American Bankers Association yesterday said it supports proposed revisions to the Call Report that ease a compliance burden on| ABA Banking Journal
The Financial Crimes Enforcement Network today issued a notice urging financial institutions to be vigilant in identifying and reporting suspicious| ABA Banking Journal
The Senate yesterday passed by unanimous consent legislation prohibiting credit reporting firms from selling mortgage applicant information to lenders who| ABA Banking Journal
New orders for manufactured goods in June, down two of the last three months, decreased $30.9 billion or 4.8% to| ABA Banking Journal
President Trump last week signed into law a bill that allows the Secretary of Veterans Affairs to take actions to| ABA Banking Journal
Banks reported tighter lending standards and weaker demand for commercial and industrial loans to firms of all sizes during the| ABA Banking Journal
Foreclosure Abuse Prevention Act U.S. Bank N.A. v. Fox Date: July 1, 2025 Issue: Whether the retroactive application of New| ABA Banking Journal
Federal Reserve Governor Adriana Kugler announced today that she will step down from her position on the Fed board, effective| ABA Banking Journal
A federal court yesterday granted a request by the Federal Reserve and a coalition of bank and business associations to| ABA Banking Journal
Foreclosure Abuse Prevention Act U.S. Bank N.A. v. Fox Date: July 1, 2025 Issue: Whether the retroactive application of New| ABA Banking Journal
Arbitration Coinbase Inc. v. Kramer Date: June 30, 2025 Issue: Whether the Federal Arbitration Act (FAA) preempts the “McGill” rule,| ABA Banking Journal
AI lending bias In Re: Earnest Operations LLC Date: July 10, 2025 Issue: Earnest Operations LLC’s settlement with the Commonwealth| ABA Banking Journal
Real gross domestic product (GDP) increased at an annual rate of 3.0% in the second quarter of 2025, according to| ABA Banking Journal
A White House task force yesterday released a report on strategies to strengthen U.S. leadership in digital assets, including policy| ABA Banking Journal
Personal income increased 0.3%, or $74.1 billion, in June, the Commerce Department said. The personal savings rate — a percentage| ABA Banking Journal
The rate for a 30-year fixed-rate mortgage was 6.72% this week, down from last week when it was 6.74%, according| ABA Banking Journal
The Federal Reserve today announced it has joined other banking agencies in allowing banks to collect taxpayer identification number information| ABA Banking Journal
A bipartisan group of senators and House lawmakers this week introduced a bill to create regulatory “sandboxes” for artificial intelligence| ABA Banking Journal
For young adults, having friends and a social life often comes with a high price tag, according to a new| ABA Banking Journal
By Lindsay Torrico Each year, on Teach Children to Save Day, banks across the country participate in creating a lasting,| ABA Banking Journal
The American Bankers Association today said it supports seven proposed enhancements to the International Automated Clearing House Transaction framework by| ABA Banking Journal
The wealth management industry is on “a collision course” with a talent crisis as many advisers are quickly approaching retirement| ABA Banking Journal
A bipartisan coalition of 32 state attorneys general yesterday called on federal lawmakers to pass legislation that would enable financial| ABA Banking Journal
The leaders of the Senate Banking Committee yesterday released a bipartisan bill that seeks to boost housing supply by removing| ABA Banking Journal
New orders for manufactured durable goods decreased $32.1 billion or 9.3% in June to $311.8 billion, the U.S. Census Bureau| ABA Banking Journal
The U.S. Treasury collected over $27 billion in customs duties in June 2025, bringing the year-to-date total to over $90 billion.| ABA Banking Journal
The American Bankers Association today joined four banking and credit union associations in correcting the record about several falsehoods made| ABA Banking Journal
Customer satisfaction scores for mortgage servicers are significantly lower — and declining — than they are for mortgage originators, based| ABA Banking Journal
Sales of new single-family houses in June 2025 were at a seasonally-adjusted annual rate of 627,000, according to estimates released| ABA Banking Journal
The rate for a 30-year fixed-rate mortgage was 6.74% this week, down from last week when it was 6.75%, according| ABA Banking Journal
The House Financial Services Committee this week advanced six bills supported by the American Bankers Association, including legislation concerning the| ABA Banking Journal
A federal court yesterday ruled that the firings of two former National Credit Union Administration board members by President Trump| ABA Banking Journal
The Trump administration today released an“action plan” for spurring the development of artificial intelligence technologies. Among its many provisions, the| ABA Banking Journal
The Office of Foreign Assets Control today announced it is transitioning its licensing hotline to a new online platform. The| ABA Banking Journal
The Senate voted 51-47 today to confirm the nomination of John Hurley as under secretary for terrorism and financial crimes| ABA Banking Journal
A federal court yesterday ruled that the firings of two former National Credit Union Administration board members by President Trump| ABA Banking Journal
The American Bankers Association Foundation today released a new resource for nonprofit organizations on how to establish and maintain bank| ABA Banking Journal
Fighting check fraud will require greater collaboration and cooperation between federal, state and local agencies alongside private sector stakeholders such| ABA Banking Journal
As part of ABA's 150th anniversary this week, ABA President and CEO Rob Nichols threw the first pitch at the| ABA Banking Journal
In rural southeastern New Mexico, bank CEO and varsity bowling coach Ken Clayton often takes his team on 500-mile one-day| ABA Banking Journal
House lawmakers are proposing to reduce funding for the Community Development Financial Institutions Fund below current levels, although not as| ABA Banking Journal
The Financial Crimes Enforcement Network today announced it intends to postpone the effective date of a new rule to require| ABA Banking Journal
The Treasury Department today named Dietrich Douglas as acting director of the Community Development Financial Institutions Fund following the resignation| ABA Banking Journal
The Federal Reserve, FDIC and Office of the Comptroller of the Currency today published the fourth in a series of| ABA Banking Journal
The Securities and Exchange Commission needs to provide more clarity and guidance about recent amendments to its data breach standards| ABA Banking Journal
By John Carlson Nearly 10 years ago the Federal Financial Institutions Examination Council released the first version of its Cybersecurity| ABA Banking Journal
What does the future hold for bank risk and compliance professionals? On the latest episode of the ABA Banking Journal| ABA Banking Journal
The House today voted in favor of two bills to create a regulatory framework for payment stablecoins and digital assets.| ABA Banking Journal
A durable regulatory framework for stablecoins must balance the potential for enhancing payments with the need to limit negative economic| ABA Banking Journal
Two-thirds of respondents in a survey of its customers by the winner in the public relations category of the 2024| ABA Banking Journal
By Martha Piland, CFMP There are so many financial institutions with similar names and similar promises that confusion runs rampant.| ABA Banking Journal
By Debra Cope Just months into his new role, M. Dean Lewis is already making his mark as CEO of| ABA Banking Journal
By David Sosna There’s growing interest in AI adoption across industries, and banking is no exception. Many in the field| ABA Banking Journal
By Martha Piland, CFMP There are so many financial institutions with similar names and similar promises that confusion runs rampant.| ABA Banking Journal