Recently added articles from ABA Banking Journal:
Why a lending surge won't work.(Editor's Column)(Editorial)
Jan 01, 2009; ... Congress has become increasingly strident in insisting that banks that received capital from Treasury lend that money. The fact that the Capital Purchase Program was not intended to be used only for lending has been lost in the rhetoric. Hardly surprising since the program was a ...
Sobering issues dominate industry meeting.(ABA ANNUAL CONVENTION REPORT)
Jan 01, 2009; ... [ILLUSTRATION OMITTED] What happens over the next year will set the direction for banking in America for the next 50 or 100 years-this is a historic time." With those dramatic words, Eugene Ludwig, former Comptroller of the Currency, began his opening remarks during a panel on ...
Heard & noted.(Quotation)
Jan 01, 2009; ... "Diane Casey-Landry and I have often commented that the timing of this merger [between ABA and A CB] could not have ...
"Transparency and accountability will be demanded by people of their leaders and institutions.(HEARD & NOTED)(Quotation)
Jan 01, 2009; ... "Transparency and accountability will be demanded by people of their leaders and institutions. We resist that at our peril .... Put ...
Convention instant poll (date of polling, Nov. 10-12).(ABA ANNUAL CONVENTION REPORT)(Survey)(Brief article)
Jan 01, 2009 ... <Pre> Convention instant poll (dote of polling, Nov 10-12) Have you been asked to increase your capital above the 10% risk-based capital level? Yes26% No74% Would you favor a two-tier regulatory system (big banks/small banks)? Yes ...
Bankers as builders ... literally.(ABA ANNUAL CONVENTION REPORT)(Brief article)
Jan 01, 2009 ... [ILLUSTRATION OMITTED] An annual convention tradition brought over to ABA from America's Community Bankers is participation in a Habitat for ...
ABA endorses LexisNexis to help banks serve unbanked.(ABA Resources)(RiskView Credit Risk Assessment Solution)(American Bankers Association)(LexisNexis Group)(Brief article)
Jan 01, 2009 ... ABA, through its subsidiary, the Corporation for American Banking, has endorsed the LexisNexis RiskView solution, which helps credit professionals accurately predict the delinquency of nontraditional and underbanked customer prospects. Consumer lifecycle and lifestyle data are ...
Staying on top of financial crisis issues.(ABA Resources)(American Bankers Association)(Brief article)
Jan 01, 2009 ... ABA offers a wide-ranging online information and resources section covering issues and details of the financial crisis and its resolution at www.aba.com/Industry+Issues/ FinancialCrisis2008.htm. Here you'll find information, including frequently asked questions and answers, ...
ABA endorses small business lending tool.(ABA Resources)(American Bankers Association)(Promontory Interfinancial Network)(Brief article)
Jan 01, 2009 ... ABA has endorsed the Proceed Business Loan, which is offered to banks exclusively through an affiliate of Promontory Interfinancial Network, LLC. The loans are underwritten by On Deck Capital Inc. LLC. Proceed enables banks to provide small business Loans to customers that do ...
ABA resources.(briefing)(American Bankers Association)(Conference news)(Brief article)(Calendar)
Jan 01, 2009 ... [ILLUSTRATION OMITTED] National Conference for Community Bankers Phoenix, AZ Feb 15-18 Seminar for Presidents Bonita Springs, FL Feb 28-Mar 4 ABA Wealth Management and Trust Conference San ...
Building the next generation of leadership.(ABA Chairman's Position)(American Bankers Association)
Jan 01, 2009; ... THE BANKING BUSINESS IS ABOUT people, both our customers and our employees. Within our institutions, our most valuable assets are the members of our staffs. ABA member banks employ two million people at every stage and station of a diverse industry. Our customers depend on them ...
Seven banks added to ABA NASDAQ Index.(ABA Resources)(American Bankers Association)(Brief article)
Jan 01, 2009 ... Seven banks have been added to the ABA NASDAQ Community Bank Index (ABAQ), effective Dec. 1. The stock index now includes 492 community banks with a market capitalization of about $118 billion. The index, launched in December 2003, is the most ...
Our allies ... the Farm Credit System? That's just one of the startling predictions for ag banking in the year 2025.(AN ABA BANKING JOURNAL ROUNDTABLE)
Jan 01, 2009; ... [ILLUSTRATION OMITTED] In the weird 1960's hit song, "In the year 2525," we never actually find out what songwriter Rick Evans predicted for 2525, because his opening stanza launches his song straight into the year 3535, and beyond. But ask veteran ag banker Dennis ...
The challenge ahead: a new Congress, and a new administration, hold out the potential for major revision of the American financial system.(WASHINGTON OUTLOOK)(Cover story)
Jan 01, 2009; ... The future authors of economic textbooks and financial histories are out there somewhere. Maybe they are in grade school. Maybe they are not even born yet. They'll be able to write, in neatly ordered reflection and hindsight, about the most challenging period for the current generation of ...
Proof required: there's capacity--for the right risk. Just be prepared to show and tell.(BANK INSURANCE REPORT)(Editorial)
Jan 01, 2009; ... [ILLUSTRATION OMITTED] Despite the scourge of subprime and a gloomy, damp economy, banks can still pick up directors and officers insurance and liability coverage of other types--although struggling banks, even banks with a hint of "dry rot" in the portfolio, will pay a higher ...
Got TARP? You need a game plan to go with it: there are some very intriguing ways to use TARP funds, and some have smaller windows of opportunity than others. Here's advice on strategy.(CAPITAL STRATEGIES)(Troubled Asset Resolution Program)
Jan 01, 2009; ... The most significant regulatory intervention in U.S. banking since the Great Depression was just launched in the form of the $700 billion Troubled Asset Resolution Program (TARP) and its $250 billion TARP Capital Purchase Program (CPP). Treasury is currently allocating funds in the TARP ...
Nix on customer chargebacks for error resolution fees.(MAILBOX)
Jan 01, 2009 ... Q. Our processor charges us (the bank) $50 for each error resolution they must investigate under Regulation E. Can we pass this charge on to the customer? A. We have been asked this several times lately, and the answer is "no." According to the Regulation E Commentary, Section ...
Fed reverses requirement on adverse action notices.(MAILBOX)
Jan 01, 2009 ... Q. Our vendors are requiring us to add the regulatory agency's phone number to the regulator information on our Regulation B Adverse Action notices. They say this is now required and we have until October to comply. Is what they say true? A. On Sept. 28, 2007, the Federal ...
When escrow services don't survive a merger.(MAILBOX)(Brief article)
Jan 01, 2009 ... Q. When there is a merger of two banks and one has escrow and the surviving bank does not offer escrow services, con the surviving bank stop the escrow and return the funds to the customer? Does the surviving bank have to continue escrowing Jar taxes/insurance if they don't offer escrow? ...
Person and purpose, not collateral, trigger Reg Z coverage.(MAILBOX)
Jan 01, 2009 ... Q. If we make a loan to an individual for $100,000 for a consumer purpose (school tuition and to purchase a car) and the loan is secured by o shopping moll owned by the borrower, is this loan subject to Reg Z? Will the $25,000 threshold and the security factor into our determination? ...