CFPB: CMS and CFPB Take Action to Stop Illegal Billing of Lowest-Income Medicare Recipients Living at or below the Poverty Line
New statement warns healthcare providers, Medicare Advantage plans, and debt collectors about improper billing and collections Today, the Consumer Financial Protection Bureau (CFPB) and the Centers for Medicare & Medicaid Services (CMS) issued a joint statement to protect millions of people with Medicare living at or below the poverty line from unlawful medical bills. These people in…
ABA: Board and Officers Elected for 2024–2025
Members attending the American Bankers Association’s annual convention in New York City have elected new ABA officers and directors to serve on ABA’s board for the 2024-2025 association year. The new officers are: CHAIR: John C. Asbury, chief executive officer, Atlantic Union Bancshares Corp., Richmond, Va.; CHAIR-ELECT: Kenneth Kelly, chairman and CEO, First Independence Bank, Detroit; VICE…
ABA: Atlantic Union Bank CEO John C. Asbury Elected as New ABA Chair
The American Bankers Association today elected John C. Asbury as its chair for the 2024 – 2025 association year at ABA’s annual convention held in New York City. Asbury is the president and CEO of Atlantic Union Bankshares and CEO of Atlantic Union Bank, a Richmond, Va.-based bank with 109 branches in Virginia, Maryland and…
FHFA: Updates to Enterprise Policies on Appraisals, Loan Repurchase Alternatives, and Pricing Notifications Announced
The Federal Housing Finance Agency (FHFA) announced updates today to several Fannie Mae and Freddie Mac (the Enterprises) policies that are intended to enhance efficiencies and promote cost savings in the single-family mortgage market. “Today’s announcements highlight actions that will better ensure the Enterprises are reliable sources of liquidity for lenders of all sizes and…
HUD: New Partnership Announced with North Carolina Central University to Strengthen America’s Fair Housing Workforce
Partnership with North Carolina Central University’s School of Law will advance fair housing enforcement across America and develop the next-generation of policy and litigation leaders. The U.S. Department of Housing and Urban Development (HUD) today announced a new partnership with North Carolina Central University (NCCU), a public historically Black university (HBCU), to address housing bias and…
ABA: South Carolina Banker Elected as Chair of ABA’s Community Bankers Council
The American Bankers Association has elected Jennifer T. Jones as chair of ABA’s Community Bankers Council for the 2024-2025 association year. Jones is president and CEO of CBL State Savings Bank, a 117-year-old institution headquartered in Greer, S.C. The Community Bankers Council consists of bank presidents and CEOs from across the country. Members meet twice…
ABA: Next Generation of Bank Leaders Recognized with 2024 Emerging Leader Awards
The American Bankers Association today announced the 2024 recipients of its annual ABA Emerging Leader Awards. These awards recognize the next generation of bank leaders who are committed to the highest standards of achievement and service to both their industry and their local communities. “This year’s ABA Emerging Leaders are an impressive group of rising stars…
ABA: Seven Banks Win ABA Foundation 2024 Community Commitment Awards
The American Bankers Association Foundation today named seven banks as 2024 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 at ABA’s Annual Convention in New York City on Oct. 29. The selection committee, made up…
ABA: Texas Banker Raul Valles Wins ABA Foundation Distinguished Service Award
The ABA Foundation has named Raul Valles, vice president of commercial real estate for Dallas Capital Bank in Dallas, the winner of its 2024 George Bailey Distinguished Service Award for his extraordinary commitment to supporting the military community throughout his banking career. Valles has worked in banking for more than 20 years, while also serving…
OCC: Receiver Appointed for The First National Bank of Lindsay, OK
The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for The First National Bank of Lindsay, in Lindsay, Oklahoma. As of June 30, 2024, the bank reported approximately $108 million of total assets. The OCC acted after identifying false and deceptive bank records and other…