American Bankers Association

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ABALogo.png
Type: Trade Organization
Industry: Banking
Founded: 1875
Headquarters: 1120 Connecticut Avenue NW

Washington, DC 20036

Country: USA
Website: www.aba.com
Facebook: American Bankers Association
LinkedIn: American Bankers Association
Twitter: TwitterIcon.png@ABABankingNews
Key People
Frank Keating, President and CEO

The American Bankers Association (ABA) was founded in 1875 to serve as the voice and advocate the interests of the banking industry. Frank Keating is the President and CEO of the American Bankers Association and its headquarters is located in Washington D.C. [1]

.Bank and .Insurance TLD Projects

The American Bankers Association partnered with BITS, the technology policy arm of the Financial Services Roundtable, to apply for the .bank and .insurance top level domain names (TLDs) within ICANN's New gTLD Program to "provide the highest security for the millions of customers conducting banking and insurance activities online." [2] Verisign was been chosen as their back-end registry solutions provider. [3] Craig Schwartz, ICANN's former chief gTLD registry liaison, was also hired by ABA and BITs to serve as general manager of the .bank registry.[4]

They applied under the name fTLD Registry Services LLC. Both applications are community priority applications.[5]

Membership

The majority of its members are banks with less than $165 million in assets, such as regional banks, holding companies and savings associations. ABA represents about 95% of the entire US banking industry in the United States, which is worth $13 trillion and employs 2 million individuals.[6]

The complete list of ABA Board of Directors for 2011-2012

Lobbying Activities

In 2011, the organization spent $2,360,000 lobbying for numerous legislation. Some of the legislation include the following: [7]

  • H.R. 1573, to facilitate implementation of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption (all provisions)
  • S. 368/H.R. 1233/H.R. 1422/H.R. 1607, USDA Farm Service Agency Farm Loan Term Limits
  • S. 575, the Debit Interchange Fee Study Act of 2011 (all provisions)
  • S. 712, the Financial Takeover Repeal Act of 2011 (all provisions)
  • H.R. 1081, the Consumers Payment System Protection Act (all provisions)
  • Regulatory proposals to implement risk-retention provisions of the Dodd-Frank Act
  • S. 222, the Limiting Investor and Homeowner Loss in Foreclosure Act of 2010 (all provisions).
  • H.R. 1, the Full-Year Continuing Appropriations Act of 2011 (provision to limit the amount that the Federal Reserve can transfer to the Consumer Financial Protection Bureau to fund its operations).
  • Fiscal Year 2012 Financial Services Appropriations (provisions relating to funding for the Consumer Financial Protection Bureau and Securities and Exchange Commission; provisions on SEC municipal advisor rule making).
  • S. 737, the Responsible Consumer Financial Protection Regulations Act of 2011 (all provisions)
  • H.R. 1121, the Responsible Consumer Financial Protection Regulations Act of 2011 (all provisions)
  • H.R. 1315, the Consumer Financial Protection Safety and Soundness Improvement Act of 2011 (all provisions)
  • H.R. 1667, the Bureau of Consumer Financial Protection Transfer Clarification Act (all provisions)
  • S. 23, the America Invents Act (provisions regarding mandatory mediation, business-method patents)
  • H.R. 243, the Patent Lawsuit Reform Act of 2011 (provisions regarding mandatory mediation, business-method patents)
  • H.R. 1418, the Small Business Lending Enhancement Act of 2011 (all provisions)
  • H.R. 1573, a bill to facilitate implementation of title VII of the Dodd-Frank Wall Street Reform and
  • Consumer Protection Act, promote regulatory coordination, and avoid market disruption (all provisions)
  • H.R. 1965, a bill to amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes (all provisions)
  • Proposed bank tax levy on financial institutions with more than $50 billion in assets.

Please see American Bankers Association Lobbying Report for complete list.

American Bankers Association Position on SOPA

The American Bankers Association supported the Stop Online Piracy Act (SOPA) proposed by Congressman Lamar Smith, Chairman of the House Judiciary Committee. The organization concur that "U.S intellectual property should be vigorously defended and that rogue websites selling counterfeit or copyright infringing products to U.S. consumers should be shut down." [8] The legislation was controversial throughout the ICANN community and did not pass.

References