Jan. 22, 2014
BankNews e-Digest header
Transition Time for the Fed
By Bill Poquette, Editor-in-Chief 

Bill cropped In an unusual convergence of events surrounding the Federal Reserve last month, the Federal Open Market Committee announced it was ready to begin scaling back its massive asset purchases; a ceremony commemorating the centennial of the Federal Reserve Act was staged in Washington, D.C.; and confirmation of Janet Yellen, currently vice chairman, as Bernanke's successor was virtually assured. Read more>>

 

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This year will be a breakout year for the U.S. economy as private-sector demand accelerates and fiscal drag eases, according to the Economic Advisory Committee of the American Bankers Association. Read more>>
Continuity Control: Community Banks Faced Toughest Regulatory Year in History
With more than 16,000 pages of new regulations added to the books, community banks were forced to expend more than 3,400 additional hours and $150,000 to keep pace with new rules, according to the latest Banking Compliance Index.  Read more>>
Tier 1-Mo. Bank

OCC Releases 2014 Schedule of Workshops for Directors of National Community Banks and Federal Savings Associations     

The OCC examiner-led workshops provide practical training and guidance to directors of national community banks and federal savings associations to support the health of community-based financial institutions. Read more>>

CFPB Seeks Advisory Board and Council Applications     

The Consumer Financial Protection Bureau is seeking applications for positions on its advisory groups, the Consumer Advisory Board, the Credit Union Advisory Council and the Community Bank Advisory Council, which serve as key resources to the bureau by providing valuable input and on-the-ground perspectives. Read more>>

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Janet Yellen: World's Most Powerful Woman?
A Time magazine panel discusses Janet Yellen and her new role as chairwoman of the Federal Reserve. Scroll down the home page to watch video>>
Administration Nominates Administrator for the SBA
Nominated as administrator of the Small Business Administration by President Barack Obama was Maria Contreras-Sweet, founder and chairman of Latino-owned ProAmerica Bank in Los Angeles. Read more>>
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ICBA Urges Congress to Enhance Incentives for Securing Consumer Data
In its letter to lawmakers, ICBA wrote that the party that suffers a data breach - whether it is a retailer, data broker, financial institution, or other entity-should be responsible for fraud losses and the costs of mitigation and restitution when consumer information is compromised.  Read more>>
Vantiv, Microsoft Partner to Bring Omni-Channel Commerce & Payment Solutions to Businesses of All Sizes
From simple mobile payment collection in the field, to individual direct sales transactions, to retail store operations and more, the combination of Microsoft's technology with Vantiv's processing services and support will make it easier for businesses to take full advantage of their most important asset - their people. Read more>>
CSI Adds Leo in Strategic Sales Role
Computer Services Inc., a provider of technology solutions that empower financial institutions to be more competitive, compliant and profitable, has added Rajive Leo as its new business development director serving financial institutions along the West Coast. Read more>>

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