Sept. 18, 2013
BankNews e-Digest header

Help Wanted at the Fed 

Bill Poquette It is not just Chairman Ben Bernanke who is expected to ride off into the sunset or seek greener pastures. Gov. Elizabeth Duke is already gone, effective Aug. 31. Gov. Sarah Bloom Raskin has been nominated to be deputy Treasury Secretary. The term of Gov. Jerome Powell is up Jan. 31, 2014. Vice Chair Janet Yellen is a potential nominee for chairman; her term as vice chair expires next October although her board tenure extends through Jan. 31, 2024. If the implications for monetary policy were not enough, the specter of these empty chairs raises a couple of other worrisome issues. Read more>>  


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CFPB Finalizes Modifications to Mortgage Rules
On June 24, 2013, the bureau proposed several amendments and clarifications to the mortgage rules that are being adopted by this final rule. The final rule is intended to clarify interpretive issues and facilitate compliance. Read more>>
RDC Summit

ICBA: CFPB Should Expand on Mortgage Rule Accommodations to Minimize Impact on Community Bank Customers
"The CFPB has taken important measures to minimize the negative impact of new mortgage regulations on borrowers and the community banks that serve them. However, additional changes to the final rules will help ensure that excessive regulatory burdens do not harm borrowers and the mortgage-lending system by driving community banks from the market," said a statement by the Independent Community Bankers of America. Read more>>
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Innovative Ideas for Small Business Loans

Date: Oct. 9
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All these questions and more are considered in this training program about the growing sector of "innovative" small business lenders, where private equity meets technology to deliver capital to cash-starved small business owners.

Learn how this sector's funding has grown to almost $10 billion annually, and how it threatens to take more deal flow from banks and traditional lending companies with small, higher priced, but impressively well-repaid loans - and what you can do about it!
BankersAccuity Rebrands as Accuity
Accuity has been unveiled as the new brand of legacy organization BankersAccuity, owned by Reed Business Information and part of Reed Elsevier.  Read more>>
Tier 1-Mo. Bank

Assessment of U.S. Economy    

This video looks back at the U.S. economy through the first half of the year and offers a look ahead. Scroll down the home page to watch the video.

ProfitStars' Remote Deposit Anywhere Added to ICBA Preferred Service Provider Program     

This agreement adds Remote Deposit Anywhere to the remittance, small business lending, remote deposit capture, website design and hosting, and security services ProfitStars already provides ICBA member banks at exclusive discounted rates. Read more>>
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