CFPB: Principles Outlined for Consumer-Authorized Financial Data Sharing and Aggregation
The Consumer Financial Protection Bureau (CFPB) today outlined principles for protecting consumers when they authorize third party companies to access their financial data to provide certain financial products and services. These principles are intended to help foster the development of innovative financial products and services, increase competition in financial markets, and empower consumers to take…
ABA: Bankers Celebrate Get Smart about Credit Day, Promote Financial Literacy
Bankers visit classrooms across the country on Oct. 19 to teach credit education Bankers across the country are celebrating the American Bankers Association Foundation’s Get Smart About Credit Day on Oct. 19 by visiting high school classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third…
OCC: Acting Comptroller of the Currency Issues Statement Regarding Home Mortgage Disclosure Act Reporting
The Office of the Comptroller of the Currency (OCC) today issued a bulletin to inform national banks, federal savings associations, and insured federal branches and agencies of foreign banks about key fields examiners will typically use to validate the accuracy and reliability of home mortgage loan data collected beginning in 2018 pursuant to the Home…
ABA: Texas Banker Names as New ABA Chairman
Kenneth L. Burgess, Jr. has been elected chairman of the American Bankers Association for the 2017-2018 association year. Burgess is also the chairman of FirstCapital Bank of Texas, a locally owned and managed independent community bank, currently holding more than $1 billion in assets. “Banks of all sizes — no matter how big or how…
CDFI Fund: Public Meeting of CDFI Fund’s Advisory Board to Be Held in D.C. on November 16th
The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 9:00 a.m. to 3:30 p.m. Eastern Standard Time on Thursday, November 16, 2017. The Advisory Board meeting will be held in the Cash Room at the U.S. Department of the Treasury located at…
ABA: Officers, Board Elected for 2017-2018
Members attending the American Bankers Association’s annual convention in Chicago, have elected new ABA officers and directors to serve on ABA’s board for the 2017–2018 association year. The new officers are: CHAIRMAN: Kenneth L. Burgess, Jr., chairman, FirstCapital Bank of Texas, Midland, Texas; CHAIRMAN-ELECT: Jeffrey M. Szyperski, chairman, president and CEO, Chesapeake Bank, Kilmarnock, Va.;…
FDIC: Advisory Committee on Economic Inclusion to Meet on October 18th
The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Wednesday, October 18 to discuss economic inclusion for persons with disabilities, provide updates on efforts to expand access to Safe transaction accounts, present research related to neighborhood access to bank branches, and discuss the results of a 2016 FDIC survey…
OCC: Updated List of Permissible Activities for National Banks and Federal Savings Associations Released
The Office of the Comptroller of the Currency (OCC) today released an updated list of permissible activities for national banks and federal savings associations. The publication titled, Activities Permissible for National Banks and Federal Savings Associations, Cumulative, updates the list of permissible activities to reflect applicable precedent for national banks, streamlines certain entries for readability,…
FDIC: 7th Annual Consumer Research Symposium Held in Arlington, Virginia on October 13th
The Federal Deposit Insurance Corporation (FDIC) will sponsor the 7th Annual Consumer Research Symposium on October 13, 2017. The conference will feature welcoming remarks by FDIC Chairman Martin J. Gruenberg, presentations of selected research papers, and a Keynote Address by Dr. Christopher Herbert, Managing Director of the Joint Center for Housing Studies of Harvard University….
FDIC: Upcoming Banker Teleconference on HMDA 2018 Implementation
Printable Format: FIL-47-2017 – PDF (PDF Help) Summary: The FDIC will discuss implementation of the 2015 Home Mortgage Disclosure Act Final Rule regarding requirements that become effective beginning in 2018. A teleconference is scheduled for Thursday, October 26, 2017, from 1:30 p.m. to 3:00 p.m. Eastern Time. Advance registration is required. The Federal Deposit Insurance…