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Encyclopedia > American Bankers Association

The American Bankers Association (ABA) is a free-trade and professional association that promotes and advocates issues important to the banking industry in the United States. The ABA's national headquarters are in Washington, D.C. In addition to its trade association mission, the ABA also performs educational components for consumers through its Educational Foundation affiliate. An industry trade group is generally a public relations organization funded, founded and formed by corporations that operate in a specific industry. ... This article or section should be merged with professional body In countries where the legal system entitles defendants to a jury by their peers, the general public may not be considered sufficiently knowledgeable in a field of practice to act as a peer in some legal cases. ... For other uses, see Washington, D.C. (disambiguation). ...


Organization

While the ABA works on a national level, it also is supported by state operated offices (sometimes referred to as “Leagues”) which focus attention on state level support. Both the ABA and the state organizations are dues supported trade associations. Both the state and national offices also operate Political Action Committees (PACs) which use registered lobbyists to work for laws that are advantageous for the banking industry. The president of the ABA is Edward Yingling. In the United States, a political action committee, or PAC, is the name commonly given to a private group organized to elect or defeat government officials in order to promote legislation, often supporting the groups special interests. ... Lobbying is the practice of private advocacy with the goal of influencing a governing body, in order to ensure that an individuals or organizations point of view is represented in the government. ...


Trade Association Strategic Priorities

In 2003, 2004 and 2005, the ABA identified the elimination of the tax-exempt status of some competitors (Credit unions and other co-operative non-profits) in the United States as its primary strategic political goal. The ABA feels that large credit unions, which provide consumer first mortgages, should be compelled to comply with the Community Reinvestment Act (CRA. This article is about the legal mechanism used to secure property in favor of a creditor. ... The Community Reinvestment Act (or CRA, Pub. ...


The ABA contends that bringing credit unions into parity with banks on taxes will “level the playing field for banks”, despite statistics showing 173 banks with assets greater than $5 billion dollars in assets compared to only 3 credit unions (2002 GAO Data). Gao is a city in Mali on the River Niger with a population of about 38,000 people. ...


External links

  • The American Bankers Association Web Site
  • Comparision of Bank and Credit Union Distribution of Assets (Government Accounting Office)
  • "Operation Credit Union: Stopping Credit Union Growth"

 
 

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