Oct 11 2012 - Category: Banking Regulations and Legislation
Many local institutions, such as community banks and credit unions, have largely expressed feeling left out of the decision-making processes for financial reforms that directly impact their business operations.
Oct 10 2012 - Category: Banking Regulations and Legislation
The expiration of transaction account guarantee, or TAG, insurance has created an uproar from many financial sectors, including community banks.
Sep 26 2012 - Category: Banking Regulations and Legislation
The hundreds of lawmakers who came together to implement one of the largest financial reforms in history did so with one goal in mind: to add more financial security to the banking industry.
A large percentage of banks and credit unions are doing their part to support local communities, but several major cities are now introducing laws to ensure all financial institutions are doing their part to better serve certain neighborhoods.
Sep 24 2012 - Category: Banking Regulations and Legislation
The new Basel III provisions will require banks to greatly increase their current capital holdings to shield consumers from another financial shock if the economy sours.
Sep 17 2012 - Category: Banking Regulations and Legislation
Several community banks have spoken out against Basel III rules regarding expanded capital standards, and it now appears that some federal officials are also calling on the United States to abandon the new legislation.
Sep 13 2012 - Category: Banking Regulations and Legislation
A new regulation set to go into effect in 2015 has created an uproar among local banks and small businesses, which argue that the new blanket capital requirements will have a disparate effect on the financial and business industries.
The Federal Reserve Board announced a new stimulus package to bolster the economy, which involves plans to purchase $40 billion in mortgage bonds on a monthly basis for as long as it thinks is necessary.
Aug 31 2012 - Category: Banking Regulations and Legislation
Wall Street reforms have received a great deal of negative attention from the financial industry.