April 3, 2013
BankNews e-Digest header

The Need for Strong Compliance Management
By Carol Beaumier, Scott Jones and Steve LaFrance 

sitting at a table pondering Due to heightened regulatory expectations in the wake of the financial crisis, one of the questions being raised is whether banks' compliance management functions are strong enough. There is also a general belief that community banks will not be immune from the long reach of the Consumer Financial Protection Bureau. In fact, the CFPB has responsibility for promulgating and interpreting consumer regulations that will directly and indirectly impact banks and non-bank providers of consumer financial products. Read more>> 

Thomas J. Curry Named FFIEC Chairman
The Comptroller of the Currency has been named chairman of the Federal Financial Institutions Examination Council for a two-year term. Read more>>
RDC Summit

FHFA Announces New Streamlined Modification Initiative  

Beginning July 1, servicers will be required to offer eligible borrowers, who are at least 90 days delinquent on their mortgage, an easy way to lower their monthly payments and modify their mortgages without requiring financial or hardship documentation. Read more>>
Register for Webcast
BSA/AML & OFAC Compliance - What Was Old Is New Again


BSA Some think that regulatory attention to the BSA has let up over the past couple of years. Think again. With the safety and soundness of the entire industry the focus of news stories every day and well-publicized enforcement actions, the regulators obviously haven't eased up. In fact, recent enforcement actions suggest risk assessments for BSA are still in focus. Click here for more information or to register.
Mobile Banking 2013

Fed Survey: Mobile Banking Becoming More Prevalent, Especially Among Unbanked
As of November 2012, 28 percent of all mobile phone users and 48 percent of smartphone users had used mobile banking in the past 12 months. This is a significant increase from 21 percent in December 2011 for mobile phone users and 42 percent for smartphone users. Read more>>

CFPB Releases Largest Collection of Federal Consumer Financial Complaint Data  

The Consumer Financial Protection Bureau has gone live with the nation's largest public database of federal consumer financial complaints, opening up to consumers across the country information on more than 90,000 individual complaints on financial products and services. Read more>>

ICBA to Offer Free Education to All Members    

From April 1 through Sept. 30, any Independent Community Bankers of America member bank will have unlimited access to 50 online compliance training courses at no cost as part of their ICBA membership. Read more>>
Tier 1-Mo. Bank

Boston Fed Releases Online Games, Sharpening Economic Understanding        

Peanuts & Crackerjacks is an online learning tool that fosters economic education in the form of a fun animated game. Players explore the market for professional team sports - how leagues gained market power, why tickets cost so much, why athletes earn as much as they do and why there is so much economic conflict in professional team sports. Read more>>
Knowledge Xchange conference 2013

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