Washington University professor believes there's a better way than CFPB
There's a better way to help banking customers than the new Consumer Financial Protection Bureau (CFPB) that opened for business July 21, says a banking expert at Washington University in St. Louis.“I’m a big advocate of consumer protection and of t
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Fed, FDIC issue final rules implementing Reg Q repeal
The Federal Reserve and FDIC has issued separate final rules to implement the Dodd-Frank Act-mandated repeal of the prohibition against paying interest on demand deposits that becomes effective July 21. The Fed issued a final rule that repeals its R
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FDIC issues notice of proposed assessment rate adjustment guidelines
On April 12, 2011, the FDIC Board of Directors (FDIC Board) authorized publication of the attached proposed guidelines describing the process that the FDIC would follow to determine whether to make an adjustment to the score used to calculate the as
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Address change for FDIC's Consumer Response Center
The Federal Deposit Insurance Corporation has announced a change in address for its national Consumer Response Center (CRC) within the Division of Depositor and Consumer Protection. The address change requires all FDIC-supervised financial instituti
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S.A.F.E. Act registration begins
The federal agencies announced on Jan. 31 that the Nationwide Mortgage Licensing System and Registry is accepting federal registrations.Under the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) and the agencies' final rules, re
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NFCC announces Annual National Financial Literacy Poster Contest
The National Foundation for Credit Counseling (NFCC) is sponsoring the Be Money Wi$e National Financial Literacy Poster Contest for 2011. The contest is designed to get students thinking about how to manage money effectively and offers them a creati
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S.A.F.E. Act implementation expected Jan. 31
The FDIC issued Financial Institution Letter FIL-1-2011 on Jan. 4 announcing that the federal agencies expect the system for federal registration of mortgage loan originators (MLOs) to begin operation on or around Jan. 31, 2011. The Agencies’ rules
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Rockaway Beach man indicted for bank robberies
A Rockaway Beach man, Kenneth Dewain Parker, 47, was indicted by a federal grand jury on Nov. 2 for bank robberies in Columbia and Sedalia. He was charged in a two-count indictment returned by a federal grand jury in Jefferson City. To read the news
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Public education for new $100 note goes into high gear
The U.S. govenment is moving into public education high gear about the new $100 note with the release of the first in a series of educational videos. Continuing through the Feb. 10, 2011, Day of Issue, there will be a steady stream of educational in
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Bill Dana nominated for ABA Board of Directors
Past MBA Chairman Bill Dana, president and CEO of Central Bank of Kansas City, has been nominated to serve on the Board of Directors for the American Bankers Association. Steven P. Wilson, chaimran and CEO of LCNB National Bank, Lebanon, Ohio, was n
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