The Electronic Payments Coalition (EPC) recently urged legislators to support a repeal of the Durbin amendment of the Dodd-Frank financial reform bill. The amendment requires the Federal Reserve to...
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The Office of the Comptroller of the Currency (OCC) on Wednesday issued risk management guidance on reevaluations of risks associated with foreign correspondent banking accounts.to national banks, fed...
Read MoreThe Arkansas State Banking Department recently closed Allied Bank in Mulberry, Arkansas, and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC also entered into a pu...
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The Mortgage Bankers Association (MBA) revealed a proposed successor program for the Home Affordable Modification Program (HAMP) on Friday that would work to reduce borrower payments and minimize docu...
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The Securities Industry and Financial Markets Association (SIFMA), the American Bankers Association (ABA), the Institute of International Bankers, and The Clearing House published a joint statement on...
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The Arkansas State Banking Department recently closed Allied Bank in Mulberry, Arkansas and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. FDIC also entered into a purchase...
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North Carolina Commissioner of Banks Ray Grace has been appointed to the position of state banking representative on the Financial Stability Oversight Council (FSOC), state banking supervisors announc...
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In a statement published on Sept. 22, Investment Company Institute’s (ICI) President and CEO Paul Schott Stevens expressed support on behalf of ICI for the U.S. Senate Committee on Finance’s appro...
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The Financial Services Institute (FSI) recently announced that 15 small and mid-sized firms as well as three Super OSJs (office of supervisory jurisdiction) have joined its membership so far in 2016...
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The American Bankers Association recently named Gene Miles of First Farmers Bank & Trust Company and Kansas State University professor Barry Flinchbaugh as the recipients of two prestigious awards...
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In an address delivered to the National Association of Federal Credit Unions’ (NAFCU) Congressional Caucus House on Wednesday, Financial Service Committee Ranking Member Maxine Waters (D-CA) called ...
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Elavon Financial Services is now extending its electronic freight invoicing support to Europe. The fully automated electronic invoicing service from the European subsidiary of U.S. Bank will now of...
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National Credit Union Administration (NCUA) Board Chairman Rick Metsger proposed a rebranding of the agency’s Office of Consumer Protection on Wednesday, with a new name that would promote the offic...
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In a set of comments sent to the Financial Stability Board (FSB) on September 21, the Securities Industry and Financial Markets Association’s (SIFMA) Asset Management Group (AMG) expressed their gen...
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The National Credit Union Administration’s (NCUA’s) announced on Monday that credit unions will be required to provide less information regarding their service organizations for NCUA call reports....
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In a comment letter submitted to the Financial Stability Board (FSB) last week, the Investment Company Institute (ICI) praised the shift in focus undertaken by the FSB to concentrate on trends across ...
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A report compiled by Beacon Economics’ founding partner Chris Thornberg and released jointly on September 19 by the California Bankers Association (CBA) and Beacon Economics shows that bank lendin...
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In a letter recently submitted to the secretary of the Federal Reserve’s board of governors, the Financial Services Roundtable (FSR) expressed support for the Federal Reserve’s proposed use of sta...
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According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, mortgage applications dipped by 7.3 percent during the week ending September 16. The Market Composite In...
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The House’s Financial Services Committee Chairman Jeb Hensarling (R-TX) has announced the launch of an investigation into the fraud allegations recently levelled at Wells Fargo. According to a co...
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