Banking News and Views from Washington to Tupelo

A proposal to create an independent office at the FDIC to oversee bank appeals of its supervisory decisions would serve “as a crucial backstop for fair and consistent supervision,” ABA said.

The House Financial Services Committee advanced four bills supported by ABA, covering topics ranging from stress testing to community banks.

A volunteer panel of 75 CFMP-credentialed experts judged the concept, strategy, creativity, execution and impact of entries in six different categories.

Clarity and simplicity go a long way in demonstrating to a customer or prospect the benefits of each product.

ABA is urging lawmakers to reauthorize the National Flood Insurance Program for five years and make changes to modernize and improve the program’s stability and affordability, as well as improve compliance requirements for the Flood Disaster Protection Act.

The FDIC is seeking to conduct a survey on the costs of compliance with anti-money laundering and countering the financing of terrorism regulations, according to a notice published in the Federal Register.