ABA
Definition
Abbreviation for American Bankers Association: a powerful trade group that represents and advocates for banks of all sizes across the United States.
Example
Example 1:
Just like Nigeria has the Chartered Institute of Bankers of Nigeria (CIBN) that sets standards and speaks up for Nigerian banks, the ABA does the same thing for American banks, fighting for policies that help banks serve their customers better.
Example 2:
When the US government was considering new regulations that would limit how much banks could charge on overdraft fees, major banks like JPMorgan Chase and Bank of America turned to the ABA to represent their interests in Washington D.C., lobbying Congress to ensure the new rules didn’t hurt their bottom line.