ABA: Officers, Board Elected for 2018-2019
Members attending the American Bankers Association’s annual convention in New York have elected new ABA officers and directors to serve on ABA’s board for the 2018–2019 association year. The new officers are: CHAIRMAN: Jeffrey M. Szyperski, chairman, president and CEO, Chesapeake Bank, Kilmarnock, Va.; CHAIRMAN-ELECT: Laura Lee (Laurie) Stewart, president and CEO, Sound Community Bank,…
ABA: Jeffery Szyperski, Virginian Banker, Elected as New ABA Chairman
Today the American Bankers Association elected Jeffrey M. Szyperski as its chairman for the 2018-2019 association year. The election took place during ABA’s annual convention in New York. Szyperski is also chairman, president and CEO of Chesapeake Financial Shares, Inc., and Chesapeake Bank, an $820 million institution based in Kilmarnock, Va. In addition, he is…
HUD: FHA Announces Streamlined Claim Payment Requirements in Home Equity Conversion Mortgage Program
Action intended to speed reverse mortgage claim payments The Federal Housing Administration (FHA) today announced revised requirements for Home Equity Conversion Mortgage (HECM) servicers when they assign FHA-insured reverse mortgages to the agency for claim payment. Effective immediately, FHA-approved HECM servicers can use alternative supporting documentation in lieu of previously required materials that, in many…
HUD: Trump Administration Marks National Lead Poisoning Prevention Week
HUD, HHS and EPA reinforce ways to protect children from lead exposure To kick off National Lead Poisoning Prevention Week (NLPPW), leaders of President Donald Trump’s Task Force on Environmental Health Risks and Safety Risks to Children are raising awareness about the health risks associated with exposure to lead, specifically for children. NLPPW, which will…
ABA: Survey Shows Americans Highly Satisfied with their Bank, Trust Banks the Most to Keep Information Secure
Nearly 9 in 10 Americans with a bank account (86 percent) say they are “very satisfied” or “satisfied” with their primary bank, and 94 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. Unveiled today at…
FEMA: President Trump Approves Major Disaster Declaration for Wisconsin
The Federal Emergency Management Agency announced that federal disaster assistance has been made available to the state of Wisconsin to supplement state and local recovery efforts in the areas affected by severe storms, tornadoes, straight-line winds, flooding, and landslides from Aug. 17 to Sept. 14, 2018. The President’s action makes federal funding available to affected…
FEMA: President Trump Approves Major Disaster Declaration for Kansas
The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the state of Kansas to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds, and flooding from Sept. 1 to Sept. 8, 2018. Federal funding is available to the state and eligible local…
HUD: Additional $50 Million Allocated to Victims of 2017 Natural Disasters
Housing Authorities in Puerto Rico, Texas, California and Florida receive funding to help with rising rents in areas where housing is scarce WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) is awarding an additional $50 million in voucher funding to 26 public housing agencies (PHAs) in Puerto Rico, Texas, California, and Florida…
FDIC: Advisory Committee on Economic Inclusion to Meet on October 24th
The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Wednesday, October 24 to discuss the 2017 FDIC Household Survey data results, review of UK-Financial Conduct Authority (FCA) mobile study, and youth employment programs and deposit accounts. The meeting will be open to the general public and will be held…
ABA: Bankers Celebrate Get Smart About Credit Day, Promote Financial Literacy
Bankers visit classrooms across the country on Oct. 18 to teach credit education Bankers across the country are celebrating the American Bankers Association Foundation’s Get Smart About Credit Day today by visiting high school classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third Thursday of…