Remove 2006 Remove Community Bank Remove Compliance Remove Lending
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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

Depositors woke up and thought "what is my bank paying me?" The Fed has paused for nearly a year now, and it was our experience in 2006-07 that bank cost of funds continued to increase as the market closed the delta between what someone could earn in a money market mutual fund and a bank account.

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Regulators Give Wells Fargo’s Top Examiner The Boot

PYMNTS

Bradley Linskens was reportedly removed from his position as a result of the bank’s unauthorized accounts scandal that surfaced last year. According to Reuters, Linskens began oversight at Wells Fargo back in 2006 and was responsible for day-to-day supervision of the financial institution. Maxine Waters, U.S.

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All Pain, No Gain

Independent Banker

Since then, community banks have been struggling to understand all of the regulation’s various complex “moving parts” and how to best comply with it, says James Kendrick, vice president for accounting and capital policy at ICBA. ICBA supports strong minimum capital levels for all banks, including community banks.

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Washington Watch

Independent Banker

The bad news is the first review, conducted from 2004 to 2006, was a bust. Even though the industry identified several major regulatory burdens, including those posed by the Truth in Lending Act and the Home Mortgage Disclosure Act, few substantive regulations were repealed. Community Bankers Chosen as CFPB Advisors.

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Dynamic Duo

Independent Banker

Sherrod Brown (D-Ohio), two lawmakers tapped to lead the Senate Banking Committee for their respective parties, are both independent-minded senators who hold positive views on several priority community banking issues. Richard Shelby (R-Ala.) So I would say he’s open to things we are concerned about.”.