Sign Up for the Retail Banking Symposium
This symposium is designed to keep retail bankers abreast of industry trends as well as develop new ideas for growing and expanding their retail business. In addition to timely and informative presentations, the symposium offers bankers the opportunity to share these ideas and information with their peers from across the state. ... More
RESPA FAQS Updated
RESPA - Real Estate Settlement Procedures ActNEW FAQ’s UpdatedHUD is requiring that loan originators provide borrowers with a standard Good Faith Estimate that clearly discloses key loan terms and closing costs and that closing agents provide borrowers with a new HUD-1 settlement statement. New RESPA regulations were published November 17, 2008 and are scheduled to take full effect on January 1, 2010. The "New RESPA Rule FAQs" were comprised from industry questions and are posted to facilitate implementation of these new requirements. ... More
Teach Children to Save Training Webinar
Teach Children to Save Webinars for new and returning participants will begin later this month to help bankers prepare for 2010 activities. Webinar participation is free, but registration is required. Online registration opens Jan. 21. ... More
Discounted Teach Children to Save Resource Kits
Sale begins Jan. 21 ... More
Get Smart About Credit Update
Get Smart About Credit Wrap-upThanks to 4,046 bankers, 145,188 young adults received lessons on the dos and don’ts of credit in celebration of the 7th annual Get Smart About Credit Day. Look for the Get Smart About Credit Honor Rollin the January issue of Community Banker Online. A printable version will be on www.abaef.com for easy distribution later this month and the foundation’s online list will remain up throughout the year. ... More
Federal Reserve Board, Office of Thrift Supervision and National Credit Union Administration Proposed New Restrictions on Credit Card and Overdraft Practices
On May 2nd, the Federal Reserve Board joined the Office of Thrift Supervision and the National Credit Union Administration in proposing new restrictions on credit card and overdraft practices. The rules are proposed under the Federal Trade Commission Act and are open for public comment. Among other things, the proposed rules on credit cards would: ... More
ABA Insurance Program Shares Profits with Member Banks
ABA INSURANCE PROGRAM SHARES $5 MILLION IN PROFITS WITH MEMBER BANKS -- Total Distribution Tops $63.5 Million Since 1991 -- The American Bankers Association announced that the American Bankers Professional and Fidelity Insurance Company will distribute $5 million in underwriting profits to insured member banks. ABPFIC, the mutual reinsurer for the ABA-sponsored insurance program, has distributed $63.5 million to participants since 1991. The program – underwritten by Progressive Casualty Insurance Co. – offers directors & officers liability, financial institution bond, Internet banking liability, employment practices liability and other related insurance products for community banks. Insured banks that are ABA members are automatically mutual owners of ABPFIC. “We’re pleased to offer banks this well-established insurance program and proud to offer profit distributions back to our members,” said Edward L. Yingling, ABA president and CEO. “Designed and directed by bankers, the ABPFIC program continues to provide innovative insurance policies to address today’s risk management environment.” “Our program is the only one of its kind that distributes profits directly to member banks,” said ABPFIC Chairman John Manor with The Bank of Bonifay, Bonifay, Fla. “True to the mutual concept, ABPFIC members benefit from their company’s profitability. That is a major achievement for our company and a valuable benefit for ABA members.” ... More
Bankers Insurance Annual Members Meeting
Bankers Insurance Annual Members Meeting The Bankers Insurance Annual Members Meeting took place at the Farmington Country Club from 12pm-2pm on April 18, 2008. Bank CEOs and/or your bank's key Bankers Insurance contacts attended the meeting for a company update, an overview of current and future company initiatives, and board elections. ... More