american bankers association

The American Bankers Association, a trade group and powerful lobbying organization representing the banking industry, is having a conference this weekend.

Because so many of its members received bailout money, it's fair to say that U.S. taxpayers are paying for this party.

Washington (PRESS RELEASE – October 19, 2009) – The following was released today by the American Bankers Association:

1) Get to know bankers at several financial institutions in your community.

Bank vaults have been slammed shut this year to small businesses, but entrepreneurs are pulling cash from other places to get their ventures off the ground.

For the first time more Americans (25%) prefer to do their banking online compared to any other method, according to a new survey by the American Bankers Association.

"This marks a watershed change," said Nessa Feddis, ABA senior counsel and retail banking expert. 

The worst recession since the Great Depression will officially end sometime in the next 3 months, according to economists at the nation's biggest banks.

The American Bankers Association expect that nation's GDP to grow in the 3rd quarter of 2009.But most Americans will still feel as though they are living through a recession well into 2010.