Fed Gov. Duke addresses concerns of community banks
Federal Reserve Governor Elizabeth Duke recently addressed the concerns of community bankers regarding the implementation of Basel III capital rules, saying that regulators intend to delay the...
View ArticleFDIC to use new pre-exam tool for community banks in 2013
Examiners from the Federal Deposit Insurance Corp. will soon begin using a new tool that allows them to tailor pre-examination information requests based on the characteristics of the institution being...
View ArticleFed Governor Duke: Regulatory burden on community banks requires “more than...
Federal Reserve Governor Elizabeth Duke said during a Community Bankers Symposium last week that addressing the regulatory burden surrounding mortgages and community banks “will require more than a...
View ArticleSeniors may benefit more from credit union checking accounts
The Pew Charitable Trust, an independent non-profit organization, warned senior citizens in a recent study to more closely examine their banks’ senior checking accounts for value. The study examined...
View ArticleKeating: Community banks have more clout with regulators
Frank Keating, the president and CEO of the American Bankers Association, said this week that community bankers have significantly more pull with legislators and regulators than Wall Street firms. “If...
View ArticleNew Mexico banking regulator Richards: Basel III rules, Dodd-Frank endanger...
Cynthia Richards, the director of financial institutions for New Mexico’s Regulation and Licensing Department, recently said that Basel III rules and the controversial Dodd-Frank Act could put the...
View ArticleN.C.’s State Employees Credit Union: Community banks struggling despite...
Jim Blaine, the president of State Employees Credit Union, said that while recent media reports suggest that big banks have lost their pull with American consumers, credit unions continue to struggle....
View ArticleCredit unions, community banks report lower debit revenue resulting from...
Small financial institutions across the country have reported lower debit card revenue as a result of pending financial reform legislation, despite recent reports from federal agencies that an...
View ArticleDodd-Frank may benefit America’s megabanks
The Obama administration touted the 2010 Dodd-Frank Act as an end to “too-big-to-fail,” but the legislation may actually benefit America’s megabanks. Small banks have voiced concern regarding the...
View ArticleCommunity banks facing increased competition
A recent report from the FDIC revealed that community banks throughout the U.S. are facing increasing competition. The report said that in 1987, community banks controlled 38 percent of all bank...
View ArticleICBA urges lawmakers to exempt community banks from new regulation
The Independent Community Bankers of America urged lawmakers on Monday to exempt community banks from new regulations, saying that the regulatory burden facing community banks has increased...
View ArticleRep. Gary Miller introduces regulatory relief legislation for credit unions,...
Rep. Gary Miller (R-Calif.), the vice chairman of the House Financial Services Committee, submitted legislation on Friday that aims to provide credit unions and community banks with regulatory relief....
View ArticleFed Governor Powell: Community bank research conference can be improved
Federal Reserve Governor Jerome H. Powell said last week at the Community Banking Research Conference in Missouri that while the conference has presented valuable research related to community banking,...
View ArticleICBA Mortgage Corp. extends agreement with D+H Mortgagebot
ICBA Mortgage Corp., a subsidiary of the Independent Community Bankers of America, announced on Tuesday that it has extended its agreement with D+H Mortgagebot to ensure that community banks have...
View ArticleSen. Al Franken: Shutdown has had negative impact on American citizens,...
Sen. Al Franken (D-Minn.) said in a recent speech that the government shutdown has had a negative impact on constituents in Minnesota and across the country. Franken pointed to small businesses that...
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