November 2009
Former Regulatory Officials Put Today's Environment in Perspective
By John Ginovsky
Four former top regulators discussed the current bank-examination environment and provided advice on how bankers should approach regulatory scrutiny going forward. For example, Richard Spillenkothen, who spent 30 years at the Federal Reserve, pointed out that: "A lot of assumptions held in mid-2007 need to be rethought." More >>
Legislative/Regulatory Update
By ABA Staff
FDIC Board approves rule requiring banks to prepay three years of premiums … Fed adopts final overdraft protection rule … Fed provides ABA-requested clarification on higher-priced balloon loans … Yingling makes key recommendations on systemic risk legislation … Dodd releases draft reg reform bill … House passes ABA-opposed bill to move up credit card rules' effective date … ABA releases additional studies on CFPA, regulatory consolidation … ABA urges grassroots support for key accounting amendment … Regulators issue guidance on CRE loan workouts... More >>
Study: Uniform Tax Exemption Flawed, Creates Perverse Incentives
By Keith Leggett
A prestigious economist/professor has recommended replacing the current blanket tax exemption for credit unions with more targeted tax credits that focus credit unions on their public mission of serving people of modest means. More >>
Golden Rules to Reduce ATM Crime
By Doug Johnson
November has been a bad month for scammers and a good one for law enforcement. Three cases, in particular, are noteworthy in that they demonstrate the wide variety of automated teller machine crimes that bankers face. More >>
Banks of All Sizes Can Now Pay It Green
By John Ginovsky
For the first time since its introduction in 2007, PayItGreen, a group committed to educating consumers and businesses about the positive environmental impact of choosing electronic payments, bills, and statements over paper, is offering membership to businesses and financial institutions of all sizes. More >>
Parting Words
"ABA supports comprehensive reform, but not this reform."
-- ABA President and CEO Ed Yingling upon the release of a draft regulatory restructuring bill by Senate Banking Committee Chairman Christopher Dodd (D-Conn.)
