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Bank On It
By Mark Wayne
| | As 2012 gears up for another fall election cycle, the U.S. Congress is poised for another showdown on taxes, spending, debt ceilings and politically difficult decisions. For bankers, however, this is not a replay of the tax showdown in 2010 or debt-ceiling debacle of 2011. Bankers are beginning to take steps to prepare for what might be around the corner. Read more>> |
| Fed Releases Economic Projections From 2012 FOMC Meeting | |
The Federal Reserve Board and the Federal Open Market Committee has released a table and charts summarizing the economic projections and the target federal funds rate projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the Sept. 12-13 meeting of the committee. Read more>>
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Middle-Class Americans Acknowledge Past Financial Mistakes
| | In an analysis of two new sources of information about family finances, the Consumer Federation of America and Primerica found that two-thirds of middle-class Americans acknowledge having made financial mistakes, often costly ones. The new report, "The Financial Status and Decision-Making of the American Middle Class," also concluded that the financial condition of most middle-class families is challenging. Read more>> |
Financial Reform and Community Banks
|  Report on the impact of financial reform on community banks, including an interview with Bob Pincus, vice chairman of EagleBank, Bethesda, Md. Watch video>> |
FDIC Releases National Survey of Unbanked and Underbanked
| | The FDIC has released the results of its 2011 National Survey of Unbanked and Underbanked Households, the most comprehensive survey on the unbanked and underbanked in the United States. The survey indicates that more than one in four U.S. households (28.3 percent) are either unbanked or underbanked, a slight increase from the findings of the FDIC's 2009 inaugural survey. Read more>> |
| Register for Webcast |
 Deposit Compliance: Frontline Deposit Regulations
DATE: Oct. 24
This program fulfills many of your annual training requirements for your frontline! The frontline is critical in the implementation of many of the federal regulations for a financial institution. This program will cover the basic understanding of what each regulation is for and how the frontline is responsible for its implementation.
Click here for more information or to register.
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Simmons First National Bank, Pine Bluff, Ark., Assumes Deposits of Truman Bank, Saint Louis, Mo.
| | Truman Bank, Saint Louis, Mo., has been closed by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Simmons First National Bank, Pine Bluff, Ark., to assume all of the deposits of Truman Bank. Read more>> |
| ICBA Backs Community Bank Loan Exemptions from Mortgage Rules | | Community banks were not responsible for the mortgage crisis, and therefore community bank portfolio loans should be exempt from pending regulations on high-cost mortgages the Independent Community Bankers of America said. In a comment letter to the Consumer Financial Protection Bureau, ICBA said that the bureau should provide exemptions for community bank portfolio loans to ensure that community banks are not driven from the mortgage market and can continue to serve customers in their communities. Read more>> |
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