November 2008
Board Oversight -- Are You Asking the Right Questions?
By John Ginovsky
The best way a board of directors may get the right answers about its bank's status and direction is to make sure to ask the right questions in the first place. A long-time community bank chairman provides insight as to what the right questions may encompass. More>>
Regulatory/Legislative Recap
By ABA Staff
2009 is shaping up to be the most momentous year for the banking industry since the 1930s, and newly elected ABA Chairman Arthur Connelly encouraged all bankers to advocate strongly for their industry... In the works are FDIC's loan modification program and changes to appraisal and evaluation guidelines. … HUD finalizes changes to RESPA regs… Banking regulators, in a joint letter to FASB, oppose fair-value accounting. More>>
Big Bends Proposed for Reg-Flex
By Keith Leggett
Why is a major credit union trade association trying to get business-lending exemptions meant to enhance safety and soundness? More>>
Technology Solutions On Pace with Basic Banking Demands
By John Ginovsky
ABA's Corporation for American Banking this year has rung up a series of endorsements, the common theme of which has been the emphasis on technology -- specifically, how basic banking issues can be addressed and improved upon by innovative technological solutions. More>>
Mortgage Fraud: By the Numbers
By Doug Johnson
Mortgage-fraud reporting by banks continues to increase, but mortgage-fraud prosecutions continue to lag. The new administration holds out some encouragement that the gap may eventually decrease. More>>
Parting Words
"It is no wonder that the problems in other financial industry sectors have led firms to seek out a banking charter. As policymakers continue to evaluate what further actions need to be taken, it is critical that the healthy banking institutions that had nothing to do with the current crisis not suffer additional regulatory burdens that will inevitably lead to less credit and fewer services to local communities."
-- ABA President and CEO Ed Yingling, before the House Financial Services Committee.
