ABA: Massachusetts Banker Named as New ABA Chairman
Savarese is second woman elected chairman in 142-year history WASHINGTON — Dorothy A. Savarese has been elected chairman of the American Bankers Association for the 2016-2017 association year. She is also the chairman, CEO and president of Cape Cod Five Cents Savings Bank, a $3 billion mutual institution based in Orleans, Mass. “Banks play such…
FDIC: Advisory Committee Will Meet to Discuss Unbanked/Underbanked Survey
The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Thursday, October 20, to discuss the results and release of the full FDIC National Survey of Unbanked and Underbanked Households. Other topics for discussion by the advisory committee include expanding access to safe transaction accounts, as well as initial lessons learned…
CFPB: Changes Announced to Senior Leadership
WASHINGTON, D.C. —The Consumer Financial Protection Bureau (CFPB) today announced leadership changes within the Bureau. The positions being announced today are: the Assistant Director for the Office for Older Americans; the Deputy General Counsel for Litigation and Oversight; and the Deputy General Counsel for General Law and Ethics. “I am delighted to announce today’s changes to…
CFPB: New Financial Empowerment Tools for Native Communities
We’re excited to announce the release of Your Money, Your Goals: Focus on Native Communities . This is a companion guide to the Your Money, Your Goals financial empowerment toolkit. It contains additional information, tips, and tools based on the wisdom of tribal staff and organizations that serve native communities. Its goal is to meaningfully connect the content and tools in Your…
ABA: 5 Ways to Protect Your Small Business from Ransomware Attacks
WASHINGTON — Small businesses are becoming popular targets to a form of malware known as ransomware. Ransomware is used by cybercriminals to freeze your computer or mobile device, steal your data and demand a “ransom” — anywhere between a couple of hundreds to thousands of dollars — be paid. Ransomware infiltrates enterprise networks and servers and individual laptops or computers, leading…
ABA: Foundation Accepting Entries for Lights, Camera, Save! Video Contest
Local banks sponsor teen competition WASHINGTON — Banks nationwide are now accepting entries as a part of the American Bankers Association Foundation’s annual Lights, Camera, Save! video contest. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. Through Lights, Camera, Save!, teen participants will create…
FDIC: Financial Services Site in Spanish Launched
En Español The Federal Deposit Insurance Corporation (FDIC) today launched a new Spanish-language website with links to the agency’s available resources in Spanish as the nation observes Hispanic Heritage Month. The new website, “Recursos para Consumidores en español,” features links to webinars and video presentations that cover topics such as deposit insurance, consumer protection, and…
CFPB: We’ve Issued a New Rule to Help Protect Consumers Using Prepaid Accounts
Prepaid accounts are one of the newer ways to store and spend your money. These include prepaid cards that you buy in stores or digital wallet accounts that you get online. With most prepaid accounts, you can spend the money you’ve loaded in advance for daily expenses or withdraw cash from an ATM. You can also…