American Bankers Association

Disempowered Bankers Start Super PAC, Reveal Plans for World Domination

Blair Bowie | Posted 04.09.2012

Read More: Super Pac, Colbert Super Pac, U.S. PIRG, Bank Lobby, Lobbyists, American Bankers Association, Politics News
Blair Bowie

When is Packard imagining himself having this conversation and what will he be asking for to call off the hounds? This statement speaks volumes about how the industry thinks about its involvement in politics.

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Dan Froomkin

Auction 2012: How The Bank Lobby Owns Washington

HuffingtonPost.com | Dan Froomkin | Posted 01.30.2012

Read More: Financial Services, Auction 2012, Lobbying, Lobbyists, ATM Fees, Tom Harkin, Dick Durbin, Credit Card Rates, Bernie Sanders, Big Banks, Cramdown, Video, Sheldon Whitehouse, Bank Lobby, Banks, Financial Crisis, American Bankers Association, Brad Miller, Politics News

Auction 2012 is a weeklong series in collaboration with "The Dylan Ratigan Show" and United Republic. When Washington puts policy on the auction bl...

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Banking Groups Complain Of 'Unfair' Pay Clawbacks

Posted 09.05.2011

Read More: The Financial Services Roundtable, JPMorgan Chase, Goldman Sachs, Wall Street Executives, Fdic, Morgan Stanley, 2010 Dodd-Frank Financial Oversight Law, Office of Thrift Supervision Director, The Clearing House, Federal Deposit Insurance Corp, Comptroller of the Currency, Banks, Regulators, American International Group, Executives Compensation, American Bankers Association, Business News

HuffPost Update: The FDIC approved a rule Wednesday that allows regulators to claw back up to two years of Wall Street executives' pay if they are fou...

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Simon Johnson: When Regulators Side With The Regulated

The New York Times | Simon Johnson | Posted 07.19.2011

Read More: Supreme Court, Regulation, Regulator, Simon Johnson, Big Banks, Financial Regulation, Office of the Comptroller of the Currency, American Bankers Association, Business News

The Office of the Comptroller of the Currency is one the most important bank regulators in the United States — an independent agency within the Trea...

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Zach Carter

Senators Back Delay In Crackdown On Fees That Yield Billions For Banks

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Price-Fixing, Community Banks, Senate Banking Committee, Federal Reserve, Debbie Wasserman Schultz, Business, Mortgage-Companies, Merchant Payments Coalition, Eric Cantor, Politics, Visa, Bank Lobby, Bob Corker, Spencer Bachus, Tester-Corker Bill, Subprime Loans, Michael Hunter, Financial Regulation, American Bankers Association, Dick Durbin, Credit Cards, Shelly Moore Capito, Bank Lobbyists, Mastercard, Wall Street, Consumer Federation of America, Consumer Financial Protection Bureau, Swipe Fees, Jon Tester, Debit Cards, US News, House Financial Services Committee, Politics News

WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...

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Looking For A Credit Card? It Pays To Be Rich

AP | CANDICE CHOI | Posted 05.25.2011

Read More: Credit Cards, Interest Rates, Credit Card Perks, American Bankers Association, Credit Card Accountability Responsibility and Disclosure Act, Business News, Business News

NEW YORK — It pays to be rich if you need a credit card. A year after sweeping credit card regulations upended the industry, banks are showerin...

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Borrowers Aren't Paying Billions In Home Equity Loans

nytimes.com | DAVID STREITFELD | Posted 05.25.2011

Read More: Mastercard, JPMorgan Chase, Housing Bust, Visa, Third World America, Lehman Brothers, Bank of America, Home Equity Loans, Real Estate, Recession, American Bankers Association, Citigroup, Business News

During the great housing boom, homeowners nationwide borrowed a trillion dollars from banks, using the soaring value of their houses as security. Now ...

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Ryan Grim

Wall Street Opposes Wall Street Reform

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Finreg, The Financial Fix, Dodd Frank, Financial Reform, Wall Street Reform, American Bankers Association, Business News

Wall Street reform likely got a boost in the eyes of the public on Monday when the major trade association representing big banks came out strongly ag...

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Shahien Nasiripour

Bank Lobbyists Fought For Very Thing They're Now Trying To Kill, Says Elizabeth Warren

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Elizabeth Warren, American Bankers Association, Aba, Bank Lobby, Safety-and-Soundness, Consumer Protection, Consumer Financial Protection Agency, Financial Reform, Regulatory Reform, The Financial Fix, Richard Shelby, Christopher Dodd, Business News

Bank lobbyists are fighting to derail a key element of consumer protection which they fought to preserve just four years ago, threatening to kill fina...

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Make Wall Street Pay for Creating New Jobs

Richard Trumka | Posted 05.25.2011

Read More: JP Morgan Chase, Elizabeth Warren, American Bankers Association, Citigroup, CEO Pay, Financial Speculation Tax, Taxpayer Bailout, Jobs, Bankers, Congress, Obama, Afl-Cio, Warren Buffet, Goldman Sachs, Bank of America, Labor, Wall Street, Edward Yingling, Consumer Protection Agency, Bonuses, Unions, Richard Trumka, Business News
Richard Trumka

$9 million in stock options as a 2009 bonus for Goldman Sachs CEO Lloyd Blankfein is now considered a big concession from Wall Street. Before we all start applauding, let's take another look at what's really happening on Wall Street.

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Bank Of America CEO Brian Moynihan Signals Openness To Consumer Protection Agency

Posted 05.25.2011

Read More: Geithner, Brian Moynihan, Bank of America, Davos, Cfpa, Jarrett, American Financial Services Association, Financial Regulatory Reform, Bailout, Bernanke, Regulatory Reform, Consumer Protection Agency, Economic Recovery, Dodd, Chamber of Commerce, American Bankers Association, World Economic Forum, Business News

Brian Moynihan, Bank of America's new CEO, may not oppose the creation of a federal consumer-protection agency, the Wall Street Journal reports this m...

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Ryan Grim

Bank Lobbyists Launch 'Call To Action' To Crush Financial Reform (MEMO)

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Wall Street Lobbyists, Bank Lobbyists, ABA Lobbyists, American Bankers Association, Business News

The American Bankers Association issued a "Call to Action" on Wednesday, urging its lobbyists and member banks to make an all-out effort to crush regu...

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When Banks Fail, So Do Those Promised CD Rates

Huffington Post Investigative Fund | Keith Epstein | Posted 05.25.2011

Read More: Capitalsouth, Fdic, CD Rates, Banks, Normal Jean Scott, Fixed-Term CDs, Iberiabank, Federal Reserve Bank of Atlanta, Huffington Post Investigative Fund, American Bankers Association, Business News

Norma Jean Scott, a 63-year-old Alabama retiree, thought she was being prudent three years ago when she stashed her $100,000 retirement nest egg in a ...

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"Showdown In Chicago": Monitor The Latest Via Twitter

Posted 05.25.2011

Read More: Bank Protests, Showdown in Chicago, Aba, Ed Yingling, American Bankers Association, Business News

As we reported, the American Bankers Association annual convention in Chicago continue to draw significant protests. As the events proceed, we've been...

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Is Your Blood Boiling at the Big Bankers? Go to Chicago

Mike Lux | Posted 05.25.2011

Read More: American Bankers Association, Chicago, Banking Industry, Big Banks, Financial Reform, Business News
Mike Lux

Have you seen the latest stories about the profits and bonuses of the biggest banks on Wall Street? If you want to do something about it, I'd recommend going to Chicago next week.

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Ryan Grim

Moneyed Interests Lining Up For Battle Over Accounting Standards

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: CFA Institute Centre for Financial Market Integrity, Tohmatsu, Council of Institutional Investors, Committee on Capital Markets Regulation, American Institute of Certified Public Accountants, Center for Capital Markets Competitiveness, Economy, Financial Services Roundtable, American Council for Capital Formation, Reform, National Association of Home Builders, Ernst and Young, Accf, Financial Executives International, Jim Turley, Center for Audit Quality, Commercial Mortgage Securities Association, Financial Accounting Standards Advisory Council, National Multi Housing Council, Paul Volcker, Real Estate, Accounting, American Bankers Association, Sec, Aba, Calpers, Fasb, Financial Reform, Investment Company Institute, Institute of Management Accountants, US SEC, National Apartment Association, Grant Thornton Llp, Ed Perlmutter, Kpmg, Recession, Barney Frank, House Financial Services Committee, Deloitte Touche, Council of Federal Home Loan Banks, Perlmutter, Real Estate Roundtable, Banks, Emails, Politics News

In the midst of what was supposed to be a Congressional push for increased financial regulation and accountability, a powerful coalition of moneyed in...

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The American Bankers Association's 15 Minutes of Fame in Chicago

Dean Baker | Posted 05.25.2011

Read More: Banks, Too Big to Fail, Bailouts, Fdic, Richard Durbin, American Bankers Association, Chicago, Aba, Sheila Bair, Business News
Dean Baker

Like termites, the American Bankers Association does most of its damage in the dark. But the ABA is getting a brief period in the limelight this week as a result of the Showdown in Chicago.

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My City Is Being Invaded by Banksters

Matthew Filipowicz | Posted 05.25.2011

Read More: American Banking Association, Aba, Bonus Outrage, Banksters, Wall St, Goldman Sachs, Aig, JPMorgan Chase, Wall Street Crisis, Showdown in Chicago, Bailout, Lehman Brothers, Chicago, Seui, Bonuses, Wall Street Bonuses, American Bankers Association, Business News
Matthew Filipowicz

In mere days, my city, Chicago will be overrun by the worst of the worst. The lowest of the low. Criminals who have affected more lives than any mug...

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Ryan Grim

Shock: American Bankers Association Comes Out Against Bank Reform

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Bank Reform, Accounting, Banks, Cfpa, Consumer Financial Protection Agency, American Bankers Association, Bank, Aba, Business News

The American Bankers Association is glad that the House Financial Services Committee made a number of changes to a financial reform package that it re...

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News Flash: Lenders Prefer Fragmented Regulation of the Consumer Financial Marketplace

Norman I. Silber | Posted 05.25.2011

Read More: Consumer Financial Protection Agency, Consumer Financial Protection, Cfpa, Regulation, Chamber of Commerce, House Financial Services Committee, American Bankers Association, Business News
Norman I. Silber

Regulators appear to have placed a higher value on protecting the interests of those who sell financial products than on the interests of consumers of transparent, safe, and fair financial products.

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Shahien Nasiripour

Ed Yingling: Banking Industry's Top Defender Got It Wrong Over and Over Again

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Aba, Financial Reform, Lobbyists, Cfpa, Credit Cards, Heather Booth, Americans for Financial Reform, Consumer Financial Protection Agency, Edward L. Yingling, Ed-Yingling, Overdraft Fees, Financial Crisis, Banks, Bank Lobbying, Edward Yingling, Ed Yingling, Financial Regulation, American Bankers Association, Business News

As the American Bankers Association gathers for its annual convention in Chicago amid hundreds of protesters, and sets off to kill or at least defang ...

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Happy Holidays from America's Banks

Michael Winship | Posted 05.25.2011

Read More: US Economy, Citigroup, Goldman Sachs, Congress, Americans for Financial Reform, Food Stamps, Center for Responsive Politics, Banks, Barack Obama, American Bankers Association, National Assistance Corporation of America, Business News
Michael Winship

Never mind Barack Obama's Audacity of Hope. It's the audacity of the banks that takes your breath away.

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Ally Bank: Is GMAC's Rebranded Bank Using Bailout To Offer High-Interest CDs?

AP | CANDICE CHOI | Posted 05.25.2011

Read More: Interest Rates, Fdic, Ally Bank, Cds, Banks, Bank Bailout, Gmac, American Bankers Association, Business News

NEW YORK — Its TV and print ads poke fun at the bait-and-switch tactics of other banks. Its interest rates on CDs have been the most generous in the...

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Showdown In Chicago: Sheila Bair Speaks To Protesters, Backs Consumer Protection Agency (VIDEO

Posted 05.25.2011

Read More: Bank Protests, Fdic, Showdown in Chicago, Aba, Seiu, Federal Deposit Insurance Corp, Afl-Cio, National People's Action, Slideshow, Sheila Bair, American Bankers Association, Video, Business News

ORIGINAL POST (Scroll down for a slideshow of today's protests): Before she appeared at the American Bankers Association annual convention today, Fe...

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Showdown in Chicago

Richard Trumka | Posted 05.25.2011

Read More: American Bankers Association, CEO Pay, Chicago, Lobbyists, Derivatives, Financial Reform, Federal Reserve, Afl-Cio, Goldman Sachs, Labor, Unemployment, Wall Street, Hedge Funds, Ceos, Consumer Financial Protection Agency, Union Blogs, Bonuses, Unions, Inequality, Bankers, Joblessness, Recession, Labor Unions, Economic Recovery, Business News
Richard Trumka

We're gathering outside the American Bankers Association meeting to demand reform that will allow us to rebuild our communities, our lives and the real economy. We've got a lot to rebuild.

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