Community Banking

ABA Welcomes CFPB Move on Privacy Notices

ABA and several other trade groups today welcomed the Consumer Financial Protection Bureau’s move to implement recent legislation providing banks an exemption from sending an annual privacy notice provided they meet certain requirements.

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ABA Members Named to 2017 Fed Advisory Council

The Federal Reserve today announced the members of its 2017 Community Depository Institutions Advisory Council, including two ABA member bank executives who will serve as the panel’s president and vice president.

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Building a Lawmaker Relationship

Texas banker Mike Mauldin gets to know his representatives by providing expertise to congressional staff, participating in fundraising and having an open door policy.

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Study: Community Banks Persist in Mortgage Servicing

Community financial institutions have expanded their share of the mortgage servicing market since 2008, even as new servicing rules and the Basel III capital treatment of mortgage service rights have made servicing home loans more expensive, according to a study released yesterday by the Government Accountability Office.

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Sen. Rounds Introduces ABA, Alliance-Backed Tailored Regulation Bill

Sen. Mike Rounds (R-S.D.) today introduced the TAILOR Act, which would require financial regulators to consider bank risk profiles and business models when taking regulatory actions. The bill -- a signature part of ABA’s Agenda for America’s Hometown Banks -- has been strongly advocated by ABA and the alliance of state bankers associations.

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