FDIC: 2022 Risk Review Published Highlighting Emerging Risks in the Banking System
The Federal Deposit Insurance Corporation (FDIC) today published its 2022 Risk Review, a comprehensive summary of emerging risks in the U.S. banking system as observed in 2021. The 2022 Risk Review expands coverage of risks from prior reports by examining operational risk to banks from cyber threats and illicit activity, and climate-related financial risks faced by…
ABA: Bankers Associations Partner to Strengthen Nationwide Online Banking Career Center
The American Bankers Association has teamed with the Illinois Bankers Association and 32 other state bankers associations to deliver an enhanced BankTalentHQ.com, an innovative banking career hub for banks looking to hire and job seekers across the country. The online career center allows users to search for and post available positions across the country, and also…
FDIC: Seven New Members Named to Advisory Committee on Community Banking
The Federal Deposit Insurance Corporation (FDIC) today announced seven new members of the agency’s Advisory Committee on Community Banking: Troy Campbell, President & CEO, Altoona First Savings Bank, Altoona, Pennsylvania Robert James II, Executive Vice President, Carver State Bank, Savannah, Georgia Trey Maust, Executive Chairman, Lewis & Clark Bank, Oregon City, Oregon Dominik Mjartan, President…
ABA: Banks Encouraged to Host 12th Annual Lights, Camera, Save! Teen Video Contest
Popular national competition promotes financial education The American Bankers Association Foundation is urging banks across the country to participate in its upcoming Lights, Camera, Save! video competition that runs from Feb. 21 to March 31. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. The…
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Tornadoes
The Office of the Comptroller of the Currency, Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators, collectively the agencies, recognize the serious impact of tornadoes on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their…
ABA: Missouri Banker Mary O’Connor Wins ABA Foundation Distinguished Service Award
Mary O’Connor, executive vice president of logistics and creative brand management for Country Club Bank in Kansas City, Mo., has been named the ABA Foundation’s 2021 George Bailey Distinguished Service Award winner for her community leadership and commitment to helping those in need. O’Connor will be recognized on Oct. 19 at ABA’s Annual Convention in…
ABA: Association Testifies on the Future of Banking
FirstBank CEO Jim Reuter offers industry perspective to House Financial Services Subcommittee The American Bankers Association testified today before the House Financial Services subcommittee on Consumer Protection and Financial Institutions, offering the industry’s perspective on the future of banking and how consolidation, nonbank competition and technology are re-shaping the industry. Jim Reuter, president and CEO of Denver-based…
ABA: Officers, Board Nominated for 2021-2022
The American Bankers Association’s Nominating Committee has selected the official slate of candidates for election at the association’s annual meeting to be held October 17-19 in Tampa, Fla. The committee, chaired by Laurie Stewart, president and CEO, Sound Community Bank, Seattle, nominated these candidates for ABA officer positions: CHAIR: A. Scott Anderson, president and CEO,…
CFPB: New Advisory Committee Members Announced
CFPB Acting Director Dave Uejio today announced the appointment of new members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). These committee members will advise Bureau leadership on a broad range of consumer financial issues and emerging market trends. The Dodd-Frank Wall…
ABA: Businesses, Financial Groups and ABA Join to Oppose Proposed Tax Information Reporting Requirement
The American Bankers Association today joined more than 40 organizations representing a cross-section of financial and business interests in sending a letter to Speaker of the House Nancy Pelosi, Minority Leader Kevin McCarthy and all members of the House of Representatives strongly opposing a proposal under consideration as part of the reconciliation package that would establish an…