ABA: Georgia Banker Elected as New ABA Chairman
Today the American Bankers Association elected James J. Edwards, Jr., as its chairman for the 2020-2021 association year. Originally scheduled to be held in Boston, the election took place during ABA’s virtual annual convention due to COVID-19. Edwards is CEO of United Bank, a $1.7 billion community bank based in Zebulon, Ga. The bank operates…
ABA: Officers, Board for 2020-2021 Elected
Members attending the American Bankers Association’s virtual annual convention have elected new ABA officers and directors to serve on ABA’s board for the 2020-2021 association year. The new officers are: CHAIRMAN: James J. Edwards, Jr., CEO, United Bank, Griffin, Ga.; CHAIRMAN-ELECT: A. Scott Anderson, president and CEO, Zions Bank, Salt Lake City; VICE CHAIRMAN: Daniel…
ABA: Seven Banks Win ABA Foundation’s 2020 Community Commitment Awards
The American Bankers Association Foundation named seven banks as 2020 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized today at ABA’s Unconventional Convention. “This has been a challenging year in so many ways, and…
ABA: M&T Bank and Midwest BankCentre Employees Win ABA Foundation Distinguished Service Awards
Detra Miller and Alex Fennoy have been named the ABA Foundation’s 2020 George Bailey Distinguished Service Award winners for their efforts to expand banking services to underserved communities. The two bankers will be recognized today at the ABA Unconventional Convention. Now in its sixth year, the George Bailey Distinguished Service Award recognizes a non-CEO bank employee…
Census Bureau: 2020 Census Response Rate Update – 99.98% Complete Nationwide
All States Top 99%, Self-Response Beats 2010 According to updated numbers released by the U.S. Census Bureau today, 99.98% of all housing units and addresses nationwide were accounted for in the 2020 Census as of the end of self-response and field data collection operations on Oct. 15, 2020. In all states, the District of Columbia…
FHFA: Rule for New Enterprise Products and Activities Proposed
Today, the Federal Housing Finance Agency (FHFA) announced that it is seeking comments on a notice of proposed rulemaking that requires Fannie Mae and Freddie Mac (the Enterprises) to provide advance notice to FHFA of new activities and obtain prior approval before launching new products. Additionally, the proposed rule establishes revised criteria for determining whether a new…
FHFA: COVID-Related Loan Flexibilities Further Extended
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend several loan origination flexibilities until November 30, 2020. The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on October 31, 2020. Extended flexibilities include: Alternative appraisals…
ABA: America’s Banks Urged to Offer Bank On-Certified Accounts
Core Providers Pledge Support for Financial Inclusion Initiative The American Bankers Association today called on every bank in the country to consider offering Bank On-certified accounts to expand access to banking services and reduce the number of unbanked and underbanked Americans. In urging all banks to join ABA in this financial inclusion initiative during his…
ABA: National Survey Shows Americans Remain Highly Satisfied with Their Bank, Appreciate Banks’ Response to COVID-19
Nine in 10 Americans with a bank account (89 percent) say they are “very satisfied” or “satisfied” with their primary bank, and 96 percent rate their bank’s customer service as “excellent,” “very good” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey, unveiled today…
FEMA: President Trump Approves Major Disaster Declaration for Louisiana
FEMA announced that federal disaster assistance has been made available to the state of Louisiana to supplement state, tribal and local recovery efforts in the areas affected by Hurricane Delta from Oct. 6 through Oct. 10. The President’s action makes federal funding available to affected individuals in Acadia, Calcasieu, Cameron, Jefferson Davis, and Vermilion parishes….