ABA Law and Legal Definition
American Bankers Association (ABA) is the largest national trade organization of the banking industry in the U.S. ABA was formed in 1875. ABA is comprised of banks and other financial institutions. Membership in the ABA includes community; regional, and money-center banks; holding companies; savings associations; trust companies; and savings banks. ABA headquarters is in Washington, D.C. ABA aims to promote the strength and profitability of the banking industry.
ABA offers a wide range of products and services to its members. The service include: staff training, insurance, capital management, asset management, risk compliance and consulting. The association lobbies to influence federal legislative and regulatory activities; legal action; communication and consumer education; research; and services.