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ABA Chair: Community banks are no one’s stalking horse in the Clarity Act debateSeptember 2, 2026
If consumers and businesses are encouraged to move money from bank deposits into stablecoins that offer interest-like rewards, those funds will no longer support local lending in the way they previously did, American Bankers Association Chair Kenneth Kelly said in a new guest column for American Banker. ABA has urged lawmakers to use the Clarity Act to close the payment of interest loophole for payment stablecoins. The Senate is expected to take up the legislation when it reconvenes on Sept. 14. In his column, Kelly rejected claims that community banks are somehow being cajoled into supporting closing the loophole by big banks. “Any suggestion that small banks have been manipulated into advancing the interests of larger institutions underestimates community bankers’ independence and unfairly casts doubt on our demonstrated integrity,” he said. Banks are not opposed to digital assets, Kelly said. He noted that his own bank provides services to the fintech sector, including crypto. “The question is not whether blockchain technology or digital assets have a role in the future of finance. They clearly do,” Kelly said. “The question is whether that future will be built on a balanced regulatory foundation or on incentives that unintentionally pull funding away from the institutions responsible for much of America’s local lending.” Back to TopABA Banking Journal: Agencies issue guidance about customer communications, suspicious activity reportsSeptember 2, 2026
Last year, the Federal Reserve, FDIC and Office of the Comptroller of the Currency requested public input on potential actions to help consumers, businesses and financial institutions mitigate the risk of payments fraud, particularly check fraud. Several commenters raised concerns about bank personnel’s ability to communicate with a customer when a bank may file or has filed a SAR on potentially fraudulent activity. The joint statement notes that under Bank Secrecy Act rules, financial institutions are prohibited from disclosing the existence of a SAR, but this prohibition is not necessarily a bar to disclosing the underlying facts and documents in communications to customers, even if a reasonable and prudent person might suspect or be able to deduce that a SAR was or may have been filed. The joint statement provides several examples of permitted communications that would typically not reveal a SAR exists, including notifying customers that a delay or restriction may be related to fraud “or other suspicious activity.” “The BSA and its implementing regulations do not prohibit banks or credit unions from communicating with a customer or other person who may be the subject of a SAR about potentially fraudulent or other suspicious transactions involving the customer’s account or notifying the customer of the bank’s or credit union’s intention to close the account for potentially fraudulent or other suspicious activity, so long as that communication does not reveal the existence of a SAR,” the agencies said. Back to TopABA Fraudcast: Why ‘know your advertiser’ matters in preventing scamsThe value of digital identity, registry modernization and platform safeguards in stopping fraudulent financial services ads.September 2, 2026
In this episode of the ABA Fraudcast, Google’s David Caragliano joins ABA’s Paul Benda to discuss how stronger advertiser verification can help prevent online scams, including bank impersonation and fraudulent financial services ads. Caragliano, who leads ad safety policy at Google, explains how advertiser verification, digital identity and modernized registries enable platforms to identify and block unauthorized ads before they reach consumers. ABA offers resources to help banks prevent, identify, measure and report fraud, and to serve and protect consumers. Follow the ABA Fraudcast on Apple Podcasts, Spotify or other podcast apps. If the player above is not visible, listen to this episode here. Host of the ABA Fraudcast is Paul Benda, EVP, risk, fraud and cybersecurity at American Bankers Association. Back to TopABA Banking Journal: ABA offers improvements for FDIC deposit insurance assessment, resolution plan proposalsAugust 31, 2026
The FDIC board in June advanced two proposals seeking to improve how it handles failed bank resolutions. The first proposal would raise the deposit insurance assessment asset threshold under which an institution is considered a large bank from $10 billion to $30 billion, and establish a process for adjusting the threshold every four years to account for inflation. It would also reduce initial base assessment rate schedules by two basis points for small banks, and by one basis point for large banks or highly complex institutions. Large and highly complex banks would have the option to earn one basis point through compliance with a proposed Resolutions Readiness Adjustment. The second proposal would eliminate more than half of current resolution plan content requirements, end the public comment requirement, and move all covered institutions to a three-year cycle for filing the renamed “resolution submissions.” It also would raise the reporting threshold from $50 billion to $100 billion to reflect inflation since the existing rule’s implementation in 2022. ABA recommendationsIn a letter, ABA said that while it supports a proposed two-basis-point reduction for small banks, the same reduction should apply to all institutions, regardless of size. It also supports the proposed increase and indexing of the asset threshold. In a separate letter, ABA said proposed resolution plan content requirements would better align the FDIC’s statutory role as receiver for failed banks while reducing the reporting burden on banks. Still, it recommended further changes, including eliminating duplicative submissions for banks that already must submit resolution plans under the Dodd-Frank Act. ABA also recommended eliminating capabilities testing that does not facilitate the FDIC’s preparedness for receivership, and adopting clear safeguards for confidential data use in resolution preparedness. “ABA appreciates the FDIC’s proposal to adjust assessments in a manner that recognizes the strength and resilience of the Deposit Insurance Fund,” ABA President and CEO Rob Nichols said in a statement. “The FDIC rightly recognizes that deposit insurance assessments must balance the size and resilience of the DIF against the costs imposed on banks and the customers they serve. “We also appreciate Chairman [Travis] Hill’s commitment to streamlining resolutions, and we will continue to work with the FDIC to develop a framework that allows the FDIC to efficiently resolve large institutions while maintaining robust data security, minimizing duplication and reducing regulatory burdens,” Nichols added. Back to TopCISA News: CISA Vulnerability ReviewAugust 26, 2026Most compromises do not rely on advanced techniques or cutting-edge tools. Cyber threat actors scan the internet looking for exposed, well-known software vulnerabilities to exploit. Basic security failures enable most compromises and organizations can reduce their risk by addressing these underlying weaknesses and prioritizing vulnerabilities for action based on the risk they pose. The CISA Vulnerability Reviewprovides organizations with critical insights into the root causes of insecure software and practical steps they can take to address these flaws to prevent exploitation. Analyzing CISA and open source data from fiscal years 2024 and 2025, the review establishes a baseline of today’s vulnerability landscape before AI-enabled vulnerability discovery becomes more widespread. The review demonstrates the importance of Secure by Design principles in shifting cybersecurity efforts from reacting to threat actors to proactively fixing preventable software flaws. The review also identifies common software weaknesses that contribute to exploitable vulnerabilities and details practices software producers can use to prevent these weaknesses from recurring. By examining the patterns across vulnerability data, the review helps organizations focus on systemic improvements that can reduce entire classes of vulnerabilities rather than addressing individual vulnerabilities only after they are discovered. Additionally, the review shows organizations how to prioritize vulnerabilities for action using the framework outlined in Binding Operational Directive 26-04: Prioritizing Security Based on Risk. This framework evaluates vulnerabilities using four key criteria: exposure status, Known Exploited Vulnerability (KEV) Catalog status, potential for automated exploitation, and technical impact. Back to Top |
The Financial Crimes Enforcement Network and banking agencies today 
While two FDIC proposals to revise deposit insurance assessments and resolution planning are a step in the right direction, the agency could go further to achieve its stated goals, the American Bankers Association said today.
Each year, the SDBA offers the Scenes of South Dakota Calendar. This calendar features photos of South Dakota submitted by South Dakota bankers, their family members, and customers.
A strong understanding of fixed-income investments can help bankers better evaluate opportunities, understand portfolio risk and contribute to investment decisions.
