American Bankers Association

The federal agencies said in a recent statement that “guidance does not have the force and effect of law,” but two trade groups say that standard should be more binding.

The assessment is designed to get banks on the same page in combating cybersecurity and make it easier for institutions and regulators to assess their performance.

Frank Sorrentino, CEO of ConnectOne, says bankers who are unwilling, or unable, to invest in technology upgrades may have to find buyers as competition heats up.

The association has invited FIS, Fiserv and Jack Henry to join a committee tasked with helping smaller institutions modernize technology.

Jeff Szyperski wants regulators to update the definitions of assessment areas under the Community Reinvestment Act, and remove 'arbitrary' asset thresholds from bank regulation in general.

A former employee of the banking trade group is accusing some of its executives of allegedly creating a “boy’s club” atmosphere that discriminated against women and minorities on staff.

Credit unions won't have to comply with the controversial rule until at least 2020, but a separate proposal on alternative capital could raise the ire of banking groups.

Rising wages and savings rates resulted in a decline in past-due payments in the second quarter, the American Bankers Association said in its quarterly report on delinquency trends in consumer lending.

The Mass.-based credit union is the latest to drop its federal charter in favor of state oversight.

Unlike previous spots produced by the group that just backed candidates, the latest ones reflect a somewhat different approach.

Credit unions historically have focused on laws that directly pertain to them, but in a break with that tradition, NAFCU is calling on Congress to reintroduce efforts to break up big banks.

A group of rival trade associations have put aside their differences and come together to emphasize to Congress the need for increased standards for retailers.

The banking industry group has so far endorsed six candidates in their re-election campaigns for the upcoming November elections.

With the program set to expire July 31, the House bill will have to be reconciled with Senate legislation that includes a longer extension.

The House appropriations bill would also expedite the appeals process for CFPB examination decisions and reduce the number of times big banks must submit resolution plans to every two years.

The House appropriations bill would also expedite the appeals process for CFPB examination decisions and reduce the number of times big banks must submit resolution plans to every two years.

The recent decision involved sales taxes, but Wells Fargo recorded a net expense of $481 million under the assumption that it will also lead to higher state income taxes. Other banks may have to follow suit.

The American Bankers Association will run advertisements in support of Reps. French Hill and Bruce Poliquin, who are incumbents this November. The group has now endorsed three Republicans and a Democrat.

An index that tracks late payments on consumer loans inched closer to historic norms, according to data from the American Bankers Association.

Once again, congressional inaction on reauthorizing the National Flood Insurance Program is prompting concerns about what a lapse in coverage could mean for loan closings.