Senate Banking Committee Chairman Richard Shelby (R-Ala.) today released a draft of a sweeping financial reform bill that would provide regulatory relief for banks of all sizes, tailor the regulatory structure for systemically important banks and begin restructuring within the Federal Reserve System and at Fannie Mae and Freddie Mac.
Nearly two-thirds of consumers have not heard of chip card technology — also known as EMV — even though 80 percent are concerned about the security of their debit and credit transactions, according to a recent survey commissioned by Chase, which said it will have converted more than 70 percent of its cards to EMV by the end of 2015.
Comptroller of the Currency Thomas Curry today encouraged bankers to participate in the Treasury Department’s State Small Business Credit Initiative, which has since 2010 distributed more than $1 billion to states for programs that expand access to credit for small businesses.
In a speech today at a Washington, D.C., think tank, FDIC Chairman Martin Gruenberg described the “impressive” progress the FDIC and Federal Reserve have made toward building a regulatory structure to resolve a failing systemically important financial institution.
Bankers across the country will welcome their senators and representatives into their banks during “Take Your Lawmaker to Work Week” on Sept. 21-25, ABA announced today.
The NFIB Small Business Optimism Index rose to 96.9 in April, up 1.7 points from the previous month.
The Consumer Financial Protection Bureau today issued a bulletin reminding creditors to include income from Section 8 homeownership vouchers when underwriting mortgage loans, in keeping with the prohibition on discrimination based on income derived from a public assistance program under the Equal Credit Opportunity Act and Regulation B.
Steve Apodaca today joined ABA as SVP and head of the Center for Agricultural and Rural Banking.
The Financial Services Information Sharing and Analysis Center today announced a strategic partnership with the recently formed Retail Cyber Information Sharing Center, an entity designed to improve retailers’ capabilities to track cyber threats and prevent and mitigate data breaches.
Bankers are registering now for ABA’s School of Bank Marketing and Management, June 11-18 in Atlanta. Attendees must register by Wednesday, May 20, to receive ABA’s discounted hotel room rate.