Latest Headlines

CFPB Flags Mortgage Servicing Issues in Latest Supervisory Highlights (3/13/2019) 
The CFPB issued a “Supervisory Highlights” report focusing on recent examiner observations of several bank products or business lines.
 
ABA Foundation, FTC Release Infographic on Phishing Threat (3/7/2019) 
As phishing becomes a top cyber threat—ABA and the Federal Trade Commission yesterday released a new infographic highlighting this growing problem.
 
ABA Opposes CFPB’s Premature Debt Collection Data Survey (3/6/2019) 
In a letter to the CFPB, ABA objected to the bureau’s request to the Office of Management and Budget to conduct a debt collection survey.
 
Job Announcement: Operations Support Coordinator (3/6/2019) 
The Arkansas Bankers Association is seeking someone to administer projects, coordinate vendor functions and activities, and provide staff support.
 
Job Announcement: Business Development Director (3/4/2019) 
The Arkansas Bankers Association is seeking someone to plan and implement the association’s associate membership, sponsorship, and endorsed vendor programs.
 
With UMBS Looming, FHFA Issues Final Rule Aligning GSEs’ Practices (3/1/2019) 
With housing GSEs Fannie Mae and Freddie Mac set to issue a single security -- the UMBS -- starting in June, the FHFA issued a final rule intended to ensure predictable cash flows to MBS investors.
 
ABA, Trade Groups Oppose Remittance Tax to Fund Border Security (3/1/2019) 
Imposing a 5 percent tax on cross-border remittances to fund border barriers -- as envisioned in H.R. 85, the Fund and Complete the Border Wall Act -- could have adverse consequences for law enforcement and consumers.
 
ABA Calls for Uniform National Data Privacy Standards (2/27/2019) 
ABA submitted statements for the record urging lawmakers to enact uniform national data privacy standards that preempt the existing patchwork of state laws.
 
Fed Chairman Powell: U.S. Financial System ‘Strong, Resilient’ (2/27/2019) 
The nation’s financial system is “strong and resilient” overall, Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee.
 
Arkansas Banks Taking Part in America Saves Week (2/25/2019) 
As part of America Saves Week 2019, scheduled for February 25 – March 2, 2018, the Arkansas Bankers Association and several Arkansas banks are spreading the saving message.
 
Quarterly Banking Profile Shows Strong Bank Performance in Q4 (2/22/2019) 
FDIC-insured banks and savings institutions earned $59.1 billion in the fourth quarter of 2018, an increase of $33.8 billion from the industry’s earnings a year before.
 
Compliance Column Explores Whether Banks Must Post Privacy Notices Online (2/22/2019) 
The March/April issue of the ABA Banking Journal answers a question about whether a bank is required to post its privacy notice on its website.
 
FDIC Outlines Plans for Deposit Insurance Calculations Under Community Bank Leverage Ratio (2/21/2019) 
As the banking agencies prepare to finalize the framework for the community bank leverage ratio, the FDIC has issued a proposal for how it will assess banks for deposit insurance that elect to use the CBLR framework.
 
Farm Credit Administration Seeks Feedback on YBS Farmer Data Collection, Reporting (2/21/2019) 
The Farm Credit Administration is seeking feedback on its processes for collecting and reporting data on how the Farm Credit System is serving young, beginning and small farmers -- one of its statutory requirements.
 
SWGSB Offering Spring Workshop for Bank Directors (2/15/2019) 
SWGSB is holding a Spring Workshop next month to answer your questions about being a successful board.
 
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