Difference between revisions of "American Bankers Association"

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| logo            = ABA.JPG‎
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| logo            = ABALogo.png
 
| type            = Trade Organization
 
| type            = Trade Organization
 
| industry        = Banking
 
| industry        = Banking
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The '''American Bankers Association (ABA)''' is the oldest trade organization in the United States founded in Saratoga Springs, New York in 1975. It is dedicated in advocating the voice and interests of the banking industry. It is one of the strongest lobbying groups in the United States Congress pushing for regulatory reliefs and tax breaks for financial institutions. [[Frank Keating]] is the President and CEO of the American Bankers Association and its headquarters is located in Washington D.C. <ref>[http://www.aba.com/About+ABA/default.htm About American Bankers Association]</ref>
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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. <ref>[http://www.aba.com/About+ABA/default.htm About American Bankers Association]</ref>
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==.Bank and .Insurance TLD Projects==
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The American Bankers Association partnered with BITS, the technology policy arm of the Financial Services Roundtable, to apply for the [[.bank]] and [[.insurance ]] [[TLD|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." <ref>[http://threatpost.com/en_us/blogs/industry-groups-bid-control-new-bank-and-insurance-tlds-053112 Industry Groups Bid To Control New .Bank And .Insurance TLDs]</ref>  [[Verisign]] was been chosen as their back-end registry solutions provider. <ref>[http://domainincite.com/archives/4107-verisign-now-front-runner-for-bank VeriSign now front-runner for .bank]</ref> [[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.<ref>[http://domainincite.com/archives/4999-senior-icann-staffer-hired-by-bank-project Senior ICANN staffer hired by .bank project]</ref>
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'''They applied under the name [[fTLD Registry Services LLC]]. Both applications are [[Community TLD|community priority applications]].'''<ref>[http://gtldresult.icann.org/application-result/applicationstatus/viewstatus ViewStatus, gTLDresult.ICANN.org]</ref>
  
 
==Membership==
 
==Membership==
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Majority of its members are banks with less than $165 million assets such as  regional banks, holding companies and savings associations. ABA represents the more or less 95% of the entire banking industry in the United States worth $13 trillion and atleast 2 million employees.<ref>[http://www.aba.com/About+ABA/default.htm About American Bankers Association]</ref>
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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.<ref>[http://www.aba.com/About+ABA/default.htm About American Bankers Association]</ref>
  
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The complete list of [http://www.aba.com/About+ABA/BD_boardmemberspublic.htm '''ABA Board of Directors for 2011-2012''']
 
==Lobbying Activities==
 
==Lobbying Activities==
 
In 2011, the organization spent $2,360,000 lobbying for numerous legislation. Some of the legislation include the following: <ref>[http://soprweb.senate.gov/index.cfm?event=getFilingDetails&filingID=39CF1740-9319-442F-AD09-457B0AB0FFFB American Bankers Association Lobbying Report]</ref>
 
In 2011, the organization spent $2,360,000 lobbying for numerous legislation. Some of the legislation include the following: <ref>[http://soprweb.senate.gov/index.cfm?event=getFilingDetails&filingID=39CF1740-9319-442F-AD09-457B0AB0FFFB American Bankers Association Lobbying Report]</ref>
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Please see [http://soprweb.senate.gov/index.cfm?event=getFilingDetails&filingID=39CF1740-9319-442F-AD09-457B0AB0FFFB '''American Bankers Association Lobbying Report'''] for complete list.
 
Please see [http://soprweb.senate.gov/index.cfm?event=getFilingDetails&filingID=39CF1740-9319-442F-AD09-457B0AB0FFFB '''American Bankers Association Lobbying Report'''] for complete list.
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==Leadership==
 
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The officers of ABA include: <ref>[http://www.aba.com/About+ABA/BD_boardmemberspublic.htm 2011-2012 ABA Board of Directors]</ref>
 
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* Frank Keating, President and CEO
 
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* Albert C. Kelly, Jr., Chairman
 
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* Matthew H. Williams, Chairman-elect
 
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* Jeff L. Plagge, Vice Chairman
 
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* Stephen G. Crowe, Treasurer
 
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Please see complete list of [http://www.aba.com/About+ABA/BD_boardmemberspublic.htm '''ABA Board of Directors for 2011-2012''']</ref>
 
  
 
==American Bankers Association Position on SOPA==
 
==American Bankers Association Position on SOPA==
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The American Bankers Association supports 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." <ref>[http://www.aba.com/NR/rdonlyres/76DCD307-2D7E-48A6-A10F-623175F0AEAD/74582/HJUDLetterreOnlinePiracy121411.pdf ABA Letter on SOPA]</ref>
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The American Bankers Association supported the [[SOPA|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." <ref>[http://www.aba.com/NR/rdonlyres/76DCD307-2D7E-48A6-A10F-623175F0AEAD/74582/HJUDLetterreOnlinePiracy121411.pdf ABA Letter on SOPA]</ref> The legislation was controversial throughout the ICANN community and did not pass.
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==.Bank and .Insurance TLD Projects==
 
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The American Bankers Association partnered with BITS, the technology policy arm of the Financial Services Roundtable in applying for the [[.bank]] and [[.insurance ]] top level domain names ([[TLD]]s) with [[ICANN]]'s [[New gTLD Program]] to  "provide the highest security for the millions of customers conducting banking and insurance activities online." <ref>
 
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[http://threatpost.com/en_us/blogs/industry-groups-bid-control-new-bank-and-insurance-tlds-053112 Industry Groups Bid To Control New .Bank And .Insurance TLDs]</ref>  Verisign has been chosen as their back-end registry solutions provider. <ref>[http://domainincite.com/archives/4107-verisign-now-front-runner-for-bank VeriSign now front-runner for .bank]</ref> [[Craig Schwartz]], former chief gTLD registry liaison of ICANN was also hired by ABA and BITs to serve as general manager of the .bank registry. <ref>
 
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[http://domainincite.com/archives/4999-senior-icann-staffer-hired-by-bank-project Senior ICANN staffer hired by .bank project]</ref>
 
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The ABA-BITS partnership will be competing with the [[Domain Security Company]] formerly Asif LLC, a start-up company based in Wisconsin to become the registry operator of the .bank string. There are two other possible applicants for the .bank TLD. <ref>
 
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[http://domainincite.com/archives/7375-tiny-start-up-secures-bank-gtld-trademark Tiny start-up secures .bank gTLD trademark]</ref>
 
  
 
==References==
 
==References==
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[[Category:Associations]]
 
[[Category:Associations]]
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[[Category:NTLD Applicants]]
  
 
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Latest revision as of 15:53, 18 March 2021

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

  1. ↑ About American Bankers Association
  2. ↑ Industry Groups Bid To Control New .Bank And .Insurance TLDs
  3. ↑ VeriSign now front-runner for .bank
  4. ↑ Senior ICANN staffer hired by .bank project
  5. ↑ ViewStatus, gTLDresult.ICANN.org
  6. ↑ About American Bankers Association
  7. ↑ American Bankers Association Lobbying Report
  8. ↑ ABA Letter on SOPA


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