american bankers association

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  • U.S. Banks See Strong Profits


    Authority Authority:
    By VICTORIA MCGRANE WASHINGTON—U.S. banks reported their highest quarterly profit since mid-2007 in the first period, while overall lending activity decreased for the first time in four quarters, a bank regulator said, a sign that while the industry continues to heal from the 2008 financial crisis its willingness to ...
    3 days ago
  • Former JPMorgan Lobbyist Expected to Direct Senate Investigation of…JPMorgan


    Authority Authority:
    If JPMorgan Chase CEO Jamie Dimon appears before the congressional investigation into his firm’s multi-billion-dollar trading loss, he will find a familiar, and perhaps friendly, face staring at him from across the room. That’s because the Senate Banking Committee’s top staffer is Dwight Fettig, who used to ...
    4 days ago
  • Report: Tea party frosh embrace banking industry


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    WASHINGTON — A new report from a liberal advocacy group draws a link between the banking industry and Tea Party lawmakers, arguing that campaign contributions have turned these freshman legislators — who rode to power in 2010 on an anti-establishment platform — into backers of the financial sector. The ...
    5 days ago
  • Big banks find, or maybe buy, allies in House tea party freshmen


    Authority Authority:
    ( ThinkProgress ) The 2010 elections supposedly swept the tea party into great power in Congress, with great vats of ink spilled on the populist fervor they represented and on claims that these werent basically standard conservative Republicans. But in fact, the 2010 freshman class has been something of a dud in ...
    6 days ago
  • Student Targeted Card Marketing Is aggressive As Ever


    Authority Authority:
    Despite laws to prevent it, a new study shows that banks and credit card issuers are still finding ways to market credit cards to students.
    3 weeks ago
  • HUFFPOST: Man wins battle with BofA over lifetime free checking account


    Authority Authority:
    From HUFFPOST: Bank Of America CEO Brian Moynihan has continued to maintain his bank has “a right to make a profit.” A San Francisco man has beat them back anyway. Robert Whitten said as a 17-year-old he signed up for a lifetime free checking account with Virginia Commonwealth Bank, which after a series of ...
    4 weeks ago
  • Credit union lending cap debate stalls


    Authority Authority:
    The U.S. Senate put off a vote this week on a controversial bill that would significantly expand commercial lending for the nation’s credit unions.The delay, until at least July, comes as the National Credit Union Administration was forced to take control of California-based Telesis Community Credit Union, which ...
    4 weeks ago

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