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ABA: The American Bankers Association
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What We Stand For: Banking Innovation

Support a dynamic and innovative banking industry

Innovation in financial services has the potential to increase U.S. competitiveness, promote financial inclusion and expand access to banking services that drive the economy. ABA is focused on supporting the health and vitality of the banking industry by ensuring banks of all sizes can deploy the modern, innovative tools they need to compete effectively in today’s marketplace and serve their customers.

What We’re Working On

  • Advancing electronic correspondence to and for customers – ABA supports the passage of the E-Sign Modernization Act to streamline how customers consent to receiving electronic documents and account information.
  • Removing obstacles to the formation of new banks – ABA encourages de novo activity and supports the efforts of federal and state regulators to promote bank charter applications.
  • Strengthening bank-core provider relationships – ABA helps member banks improve their relationships with core platform providers and promotes core innovation as a policy imperative to ensure community and midsize banks have the tools they need to innovate.
  • Streamlining the role of banks in combatting financial crimes – ABA has long supported efforts to fight against financial crime, money laundering and terrorist financing, including modernizing Bank Secrecy Act/Anti-Money Laundering requirements and procedures.
  • Assessing the impact and unintended consequences of Current Expected Credit Loss accounting standards implementation – ABA recommends that the FASB, banking regulators, and Congress take a closer look at the impact of CECL implementation, especially in the context of credit availability for low- and -moderate- income consumers.

Explore ABA's top issues, in depth.

Find the latest regulatory comment letters, policy positions, research and news on the issues shaping the banking industry.