Oct. 9, 2013
BankNews e-Digest header
Unfinished Business 

Bill cropped It is hard to believe, even after Dodd-Frank, that a bank with $3 trillion or $4 trillion in assets will be closed on a Friday afternoon in a relatively seamless if painful transaction like those used to resolve more than 400 failed community banks since 2009. The stockholders and bondholders of these smaller banks lose their investments and officers and directors often face FDIC lawsuits, but taxpayers are off the hook. Isn't this is the way a failed-bank resolution should work every time? Read more>>  

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CSBS and Federal Reserve System Release Community Banking Report
The report reveals findings from a comprehensive series of industry town halls hosted by state bank supervisors this past spring and summer and it represents the direct views of community bankers from states experiencing different economic and fiscal realities. Read more>>
Powell: Regs That Most Directly Affect Community Banks Are Nearing an End
Federal Reserve Gov. Jerome H. Powell spoke at a community banking research conference at the St. Louis Fed staged by the Federal Reserve System and the Conference of State Bank Supervisors. Read more>>
CFPB Finds Card Act Reduced Penalty Fees and Made Credit Card Costs Clearer
The Consumer Financial Protection Bureau has released a report detailing how the Credit Card Accountability Responsibility and Disclosure Act of 2009 reduced penalty fees and made the cost of credit cards clearer to consumers. The report found that total cost of credit declined by 2 percentage points between 2008 and 2012 but that there are still areas of concern in the credit card market. Read more>>
Tier 1-Mo. Bank

DCI Acquires Bank Software Business From Benchmark Technology Group
DCI and Benchmark have been strategic partners since 1998, when DCI began selling and assisting in the development and customization of the Benchmark products for DCI core banking clients. Read more>>

OCC: Community Banks' Performance in Midwest Improves      

National banks and federal savings associations located in nine Midwestern and upper Midwestern states continue to report better earnings compared with 2012 as a result of improving credit quality, the Office of the Comptroller of the Currency reported in the agency's second quarter 2013 risk analysis. Read more>>
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Date: Oct. 10
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This fast-paced seminar provides practical guidance to develop and maintain a risk-based compliance audit program. The CFPB has issued a "Readiness Questionnaire" for the sweeping mortgage changes in 2014. Whether your bank is a small community bank or a large regional institution, this seminar will review the components of an effective audit program.

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Assisting Community Banks
Rep. Al Green, D-Texas, indicated his desire to assist small community banks in handling complex regulation at a recent House Financial Services Committee hearing. Scroll down the BankNews home page to watch the video.
Cummins Allison Partners With CTS North America to Expand its Line of Check Processing Solution
This expansion enables Cummins Allison to provide one of the broadest lines of check scanning solutions in the industry. Read more>>
ABA Survey: Popularity of Mobile Banking Continues to Climb
While the Internet remains the most popular banking method, the American Bankers Association found that mobile banking has eclipsed the popularity of the telephone and U.S. mail and is now preferred by 8 percent of customers - a 30 percent increase from 2012. Read more>>

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