The American Bankers Association is the banking industry's champion.
#AmericasBanks
are helping the nation thrive—delivering jobs, growth, safety & convenience.
New
#ABAViewpoint
blog post -
@BankersPrez
on ABA’s investment in
@NYDIG_BTC
, the rise of cryptocurrency and how banks are responding to this new customer demand.
Read here:
At
#ABASummit
, House
@GOPMajorityWhip
Tom Emmer (R-MN) commented on the
#SAFEBanking
Act, saying the bill is not about anyone’s views on marijuana, it is about providing financial products and services to any and all legal businesses. Watch▶️
ABA strongly supports the
#SAFEBanking
Act which would help achieve important public safety goals and expand access to credit for cannabis-related businesses in states where it is legal, making the industry more equitable while growing jobs and the economy.
#SAFEBanking
will strengthen the security of our financial system & keep bad actors like cartels out.
Most importantly, it will reduce the risk of violent crime in our communities.
It's passed the House 5 times. We cannot wait any longer to address this public safety threat.
The
#SAFEBanking
Act will help stop the public safety issues that result from the conflict between state and federal law when it comes to banking cannabis. ABA urges the Senate to pass this bipartisan, commonsense legislation.
BREAKING: The House just approved commonsense
#RegReform
bill
#S2155
that will help banks better serve their customers and communities and grow the economy. ABA thanks lawmakers on both sides of the aisle for coming together to right-size financial rules.
Today at
#ABACCB
,
@BankersPrez
called for passage of the
#SAFEBanking
Act, which would end the dangerous legal limbo over cannabis banking in states where it’s legal: “It’s bad for public safety, tax collection and transparency, and it’s time for Congress to finish the job.”
Every day, thousands of people fall for fraudulent emails, texts, and calls from scammers pretending to be a bank. To spot these phishing scams, just remember:
#BanksNeverAskThat
.
Take ABA’s scam spotter quiz and you could win weekly prizes:
The 2 million dedicated women and men who work at
#AmericasBanks
have responded to
#COVID19
by offering unprecedented assistance to help their individual and business customers weather this crisis. Banks of all sizes are standing by their communities - watch below.
ABA agrees with
@WaTreasurer
- the
#SAFEBanking
Act would solve the "urgent public safety matter" resulting from the conflict between state and federal law when it comes to banking cannabis. We call on the Senate to pass this bipartisan legislation.
In a new letter to
@HouseDemocrats
@HouseGOP
,
@BankersPrez
urges lawmakers to vote in favor of the bipartisan
#SAFEBanking
Act of 2021, calling it "an important step" toward enabling financial services for legal cannabis and cannabis-related businesses:
@POTUS
Respectfully Mr. President, the CFPB sets the allowable amount for credit card late fees and they are, like overdraft fees, highly regulated and fully disclosed to consumers by law.
"It’s bad for public safety, tax collection and transparency." -
@BankersPrez
on the legal divide between state and federal law when it comes to banking cannabis businesses. New
@MorningConsult
numbers indicate that Americans agree.
#ABASummit
#SAFEBanking
ABA appreciates the leadership of these 24 senators. The bipartisan, commonsense
#SAFEBanking
Act is urgently needed to help resolve the public safety issues that result from keeping cannabis businesses out of the banking system.
New this morning: 24 senators signed a letter to leadership of both chambers, asking them to keep the
#SAFEBanking
Act (which makes it easier for banks to serve weed biz) in the COMPETES bill. The letter was signed by 5 Republicans and led by
@SenJeffMerkley
and
@SenJackyRosen
.
ABA appreciates the leadership of
@RepPerlmutter
and
@RepAdamSmith
who support the
#SAFEBanking
Act. This bipartisan, commonsense legislation is urgently needed to help resolve the public safety issues that result from keeping cannabis businesses out of the banking system.
During his conversation with
@JCBallentine
at
#ABASummit
,
@RepPerlmutter
offered recent examples of public safety issues that could be resolved with passage of the
#SAFEBanking
Act, which would make it possible to bank cannabis businesses in states where cannabis is legal.
"FDIC stands ready to take on the challenge of innovation and create a regulatory environment that will make it easier…for small banks to adopt new technologies and thrive.” ABA welcomes
@FDICgov
's McWilliams' call for regulators, core processors & others to help banks innovate.
ABA thanks
@USTreasury
@SBAgov
for providing relief to small businesses with
#PPPloans
of $50K or less by streamlining the forgiveness process. We also continue to urge Congress to authorize another round of
#PPP
and to expand the simpler forgiveness to loans of $150K or less.
ABA is pleased to announce that Thomas Pinder is our new general counsel, succeeding Dawn Causey who is retiring after 20 years of service. Tom has been with ABA since 2012, and served as deputy general counsel since 2017.
More here:
Welcome to the 1,300+ bankers joining us this week at
#ABASummit
in Washington, DC! We’re excited for a productive three days of advocating on behalf of the banking industry.
New ABA statement from
@BankersPrez
:
“This is a dark day for our democracy. The violence playing out on Capitol Hill and in the streets of Washington is reprehensible and should shock and sadden all of us. Our nation is better than this."
Full statement:
Credit unions don't pay federal income taxes and are not subject to the same regulatory requirements as banks, but
@TheNCUA
doesn't seem to see a problem with credit unions buying community banks. We are glad policymakers see the problem and are asking the right questions.
Who says bipartisanship is dead? Today we’re thanking the 24 senators who are putting people ahead of politics and co-sponsoring S. 2155, a bipartisan, commonsense bill to help banks better serve their communities and grow the economy.
BREAKING: Bipartisan
#RegReform
bill
#S2155
just signed into law by
@RealDonaldTrump
. ABA thanks the President, lawmakers from both parties, and tireless ABA members for this important step forward.
For a full statement from
@BankersPrez
, click here:
"This legislation is an important step toward resolving the conflict between state and federal law so banks can serve legal cannabis and cannabis-related businesses."
New
@BankersPrez
statement on passage of the bipartisan
#SAFEBanking
Act of 2021 here:
Times of crisis leave consumers more vulnerable to scams. Be on the lookout for phishing attempts from scammers posing as your bank. Your bank will never ask for your password or pin. Learn more in this ABA Foundation and
@FTC
joint infographic:
#COVID19
This bipartisan, commonsense legislation is urgently needed to help resolve the public safety issues that result from keeping cannabis businesses out of the banking system. ABA joins
@RepPerlmutter
in urging the Senate to pass the
#SAFEBanking
Act.
Today marks the *7th time* the
#SAFEBankingAct
has passed the U.S. House.
I’m calling on the Senate to take action for the safety of our communities and success of Veteran- and minority-owned businesses across the country.
It’s time to get this done.
#SAFEBanking
Do you think banks should be forced to give the IRS details on what goes in and out of almost every American's bank account? ABA doesn't, and we just joined with 40 other business groups to urge House members to oppose this bad idea:
“The decision by the administration and House leaders not to pursue the bank reporting proposal is a victory for consumers and small businesses.”
New ABA statement from
@BankersPrez
on bank reporting proposal:
This tragic story is another example of why passing the bipartisan, commonsense
#SAFEBanking
Act in the Senate is urgently needed to address the public safety issues caused by keeping legal cannabis businesses out of the banking system.
For most of American history, banking was the province of white men. But that began to change with Maggie Lena Walker, an African-American businesswoman who became the 1st female bank president of any race to charter a bank in the US
#BlackHistoryMonth
.
@CSBSNews
agrees that keeping the
#SAFEBanking
Act in the COMPETES Act will address public safety and regulatory clarity concerns when it comes to banking cannabis-related businesses. It's time for Congress to pass this bipartisan legislation.
New letter from
@BankersPrez
on
#PPPloans
: "We respectfully ask that Congress move expeditiously to approve additional funding for the
#PaycheckProtectionProgram
. Further delay will only harm the very businesses that the program is meant to protect."
“That’s what banks do.” ABA President & CEO Rob Nichols told the president in a White House meeting on
#COVID19
: “Stick by their customers in good times and challenging times. That’s what all the banks in the United States are doing today.”
#AmericasBanks
ICYMI – this morning at
#ABASummit
,
@SenKatieBritt
warns of the negative impact of
@CFPB
’s small business data collection rule (Section 1071) on both banks and on their customers’ privacy.⬇️
With the
#COVID19
relief bill now signed,
#AmericasBanks
will do their part to deliver this critical relief to those most in need. From economic impact payments to
#PPP
loans, banks are ready to help.
👏 Strong bipartisan vote in Senate brings
#RegReform
bill one step closer to reality. Thanks to the 67 Senators led by
@MikeCrapo
for voting to move this critical legislation forward.
#S2155
Introducing the new look of ABA’s
#AmericasBanks
campaign, complete with updated stats that demonstrate how our banks are energizing and growing the economy. See it here:
#ABASummit
“Why is a $90 billion financial institution exempt from taxes?”
@floridabankers
CEO Alex Sanchez asks the right questions about large tax-exempt credit unions in this insightful
@WSJ
op-ed. Both Congress and tax-payers should take a look.
Welcome to Day 2 of
#ABAAnnual
Convention in Tampa! We began with our annual business meeting of the ABA Board. Congratulations to ABA’s newly elected Chair,
@zionsbank
CEO
@AScottAnderson
!
Forget the mattress! Keeping large sums of cash at home is risky. The best place to protect your money is in an FDIC-insured bank where it’s safe and sound. Learn how the FDIC safeguards your
#money
at
Happy
#4thOfJuly
from the ABA team! Today we recognize those who fought for our country's freedom, and celebrate America's independence.
#IndependenceDay
ABA joins
@CUNA
@ICBA
and
@AssocNational
in writing House leaders to express support for the bipartisan
#SAFEBanking
Act, which "would permit depository institutions to serve the needs of their customers in states where cannabis is legal." Read the letter:
ABA thanks
@POTUS
for signing the latest
#PPP
extension into law. Extending this financial lifeline will allow more small businesses to access
#PPPloans
.
#AmericasBanks
will work with
@SBAGov
to deliver this critical relief as they have from the start of the pandemic.
In a new bipartisan letter, 24 governors call on Congress to include the
#SAFEBanking
Act in the NDAA. "Simply put, this is a public safety issue that Congress has a responsibility to address."
“That’s what banks do, they stick by their customers in good times and challenging times.” During
@WhiteHouse
meeting on
#COVID19
with
@POTUS
, bank CEOs and other industry stakeholders,
@BankersPrez
spoke of the "continuity and resilience" of banks of all sizes. Watch below.
ABA joined
@NCBankers
today in releasing new ads thanking Representative Ted Budd for helping North Carolina families and small businesses during the
#COVID19
pandemic. Watch below and learn more here:
Congrats to all of the ABA members who advocated tirelessly for commonsense regulatory reform. Your trips to the Hill, meetings with regulators, and real world stories helped convince Republicans and Democrats to support
#S2155
. Thank you for your support!
State bankers associations representing every state in the country have sent a joint letter to
@OrrinHatch
thanking him for questioning the tax-exempt status of
#CreditUnions
and calling for an end to this outdated policy. Read the letter here:
"If credit unions want to act like banks, all we ask is that they play by the same rules." New
@CUJournal
op-ed from
@SoundCEO
, ABA Chair &
@SoundCommunity
CEO, challenges new push by the credit union industry to end field of membership rules altogether.
New letter from 51 state bankers associations urges Congress “to expeditiously increase funding for the
@SBAgov
’s
#PaycheckProtectionProgram
...so banks can continue to distribute these desperately needed funds to small businesses" impacted by
#COVID19
:
New - ABA congratulates
@JanetYellen
on her historic confirmation to serve as the nation's 78th Secretary of the
@USTreasury
. "ABA and its member banks look forward to working with her." Read more:
As a thank you to the hard working healthcare professionals serving on the front line fighting
#COVID19
, ABA has donated our office supply of N95 masks + other healthcare items to
@GWHospital
, located just blocks from ABA HQ. We're thankful for all these heroes do to keep us safe
New ABA statement: “We congratulate President-Elect Joe Biden and Vice President-Elect Kamala Harris...We look forward to working with the new administration and the new Congress to address the nation’s challenges.”
“Social distancing” doesn’t mean staying away from your money.
#AmericasBanks
have invested in technology that helps you manage your money—and stay safe—whether or not you can visit a branch. Learn more:
#COVID19
New this AM –
@BankersPrez
has been elected to a two-year term as chairman of the International Banking Federation, a global alliance of national banking associations representing every major financial center. See more:
A2: The earlier the better! STASH (Start Today And Save Huge), the
#TeachChildrenToSave
pig, is fond of using a piggy bank to inspire savings habits early.
#WBChat
Our deepest condolences go out to
@SunTrust
in Florida, members of our ABA family. Our thoughts and prayers are with everyone affected by this tragedy.
"It is good for our communities, employees, and Fifth Third Bank." Immediate impact of newly passed
#TaxReform
= increased minimum hourly wage for all Fifth Third Bank employees + bonus. Thumbs up to
@FifthThird
ABA is thrilled to announce that our own Holly Smith (SVP, Large Bank Group) and Sabrina Bergen (VP, Senior Counsel) were both recently honored with the
@WHF_DC
40 Under 40 Award. 👏🏼🏆 Please join us in congratulating them!
#WHF_DC40under40