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The American Bankers Association recommended several fixes to a bill to overhaul the mortgage finance market pending in the Senate Banking Committee.
April 17 -
After a year in which bankers have voiced steady opposition to the qualified mortgage rule, more than a third now say they will make non-QM loans in targeted markets, a major reversal from the industry's past stance.
April 7 -
A number of banks are looking at checking accounts without overdraft fees or check writing as a way to reach new customers and deepen relationships.
June 11
The American Bankers Association and AARP are planning to work together to protect older adults from financial exploitation.
As part of this two-year partnership, AARP and ABA will conduct research on fraud, financial caregiving and age-friendly banking. Based on this information gathering, the organizations will create resources for bankers to discuss fraud prevention against older Americans and ways to make branches more appealing for these customers.
The partnership will also mobilize bankers in communities nationwide to educate older Americans and their caregivers about ways to protect their assets during retirement.
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AARP and ABA are hoping this national campaign to
"AARP hopes to help banks to become more attuned to the needs of their customers as they age," said Debra Whitman, executive vice president for policy, strategy and international affairs at AARP.
