http://blogs.law.harvard.edu/tech/rss Sitemason Content Management System http://www.sitemason.com/ The federal government announced an agreement last night to provide Citigroup with a package of guarantees, liquidity access, and capital. http://www.tnbankers.org/news/2008/11/24/regulators-announce-plan-to-aid-citigroup- http://www.tnbankers.org/news/2008/11/24/regulators-announce-plan-to-aid-citigroup- Mon, 24 Nov 2008 14:23:00 CST TBA News ABA strongly supports the Federal Reserve's payment of interest on banks' reserve balances but recommended the Fed work to minimize the impact of the change on bankers' banks, which had little time to adapt their business model, ABA said in a comment letter Friday. http://www.tnbankers.org/news/2008/11/24/aba-comment-letter-on-interest-on-reserves http://www.tnbankers.org/news/2008/11/24/aba-comment-letter-on-interest-on-reserves Mon, 24 Nov 2008 14:22:00 CST TBA News ICBA urged the Federal Reserve Board to establish a new, agency reserve account that would permit bankers' banks and other correspondent banks to deposit overnight, aggregated respondent excess funds with Reserve Banks and pass back the proportional interest to their respondents. The plan would help stem bankers' banks record outflows, which is partly the result of a recently approved Fed policy to pay interest on required reserve and excess balances at Federal Reserve Banks. http://www.tnbankers.org/news/2008/11/24/icba-recommends-adoption-of-bankers-bank-plan http://www.tnbankers.org/news/2008/11/24/icba-recommends-adoption-of-bankers-bank-plan Mon, 24 Nov 2008 14:20:00 CST TBA News This afternoon, the FDIC finalized rules for its Temporary Liquidity Guarantee Program, adopting several improvements that expand coverage of the transaction guarantee and in some cases reduce costs. http://www.tnbankers.org/news/2008/11/21/fdic-modifies-adopts-final-temporary-liquidity-guarantee-program- http://www.tnbankers.org/news/2008/11/21/fdic-modifies-adopts-final-temporary-liquidity-guarantee-program- Fri, 21 Nov 2008 14:16:00 CST TBA News On Friday, the FDIC unveiled its long-awaited loan modification program that is designed to help prevent an estimated 1.5 million home foreclosures through the end of 2009 by offering incentives to lenders and providing government guarantees on the modified loans. http://www.tnbankers.org/news/2008/11/17/fdic-unveils-loan-modification-program- http://www.tnbankers.org/news/2008/11/17/fdic-unveils-loan-modification-program- Mon, 17 Nov 2008 09:33:00 CST TBA News This week, the Office of the Comptroller of the Currency said it will not issue guidance allowing banks to provide workout programs to credit card borrowers that allow them to repay less than the full amount owed over time — while deferring loss recognition and income reporting. The Financial Services Roundtable and Consumer Federation of America jointly had requested such guidance in a letter to OCC last month. http://www.tnbankers.org/news/2008/11/14/occ-denies-request-for-guidance-to-allow-banks-to-provide-credit-card-borrower-workout-programs- http://www.tnbankers.org/news/2008/11/14/occ-denies-request-for-guidance-to-allow-banks-to-provide-credit-card-borrower-workout-programs- Fri, 14 Nov 2008 09:24:00 CST TBA News The FDIC should maintain the flexibility to correct problems and improve its Temporary Liquidity Guarantee Program that fully insures noninterest-bearing deposit transaction accounts and guarantees newly issued senior unsecured debt, ABA said yesterday in a comment letter on the program's interim rule. http://www.tnbankers.org/news/2008/11/14/aba-fdic-should-maintain-flexibility-to-make-changes-in-temporary-liquidity-guarantee-program- http://www.tnbankers.org/news/2008/11/14/aba-fdic-should-maintain-flexibility-to-make-changes-in-temporary-liquidity-guarantee-program- Fri, 14 Nov 2008 09:22:00 CST TBA News ICBA told the SEC in a comment letter that mark-to-market accounting inappropriate for community bank financial statements and current standards have exacerbated the current financial crisis. Accounting measures should reflect more closely the way financial instruments generate earnings and cash flows, ICBA stated, regardless of whether active markets for the instruments typically exist. http://www.tnbankers.org/news/2008/11/14/icba-urges-mark-to-market-accounting-changes http://www.tnbankers.org/news/2008/11/14/icba-urges-mark-to-market-accounting-changes Fri, 14 Nov 2008 09:21:00 CST TBA News The Department of Housing and Urban Development announced yesterday that it has finalized its changes to the Real Estate Settlement Procedures Act regulations and will publish them in Friday's Federal Register. The changes will become effective January 1, 2010. http://www.tnbankers.org/news/2008/11/13/hud-issues-final-changes-to-respa-regs- http://www.tnbankers.org/news/2008/11/13/hud-issues-final-changes-to-respa-regs- Thu, 13 Nov 2008 09:44:00 CST TBA News Late yesterday, the Treasury Department and Federal Reserve issued a joint final rule that implements the Unlawful Internet Enforcement Gambling Act of 2006. The act prohibits gambling businesses from knowingly accepting payments in connection with unlawful Internet gambling, including payments made through credit cards, electronic funds transfers, and checks. The final rule requires US financial firms that participate in designated payment systems to establish policies and procedures that are "reasonably designed" to prevent payments to gambling businesses in connection with unlawful Internet gambling. http://www.tnbankers.org/news/2008/11/13/treasury-fed-issue-final-internet-gambling-rule- http://www.tnbankers.org/news/2008/11/13/treasury-fed-issue-final-internet-gambling-rule- Thu, 13 Nov 2008 09:42:00 CST TBA News http://www.tnbankers.org/news/2008/11/3/regulators-confirm-ordinary-loss-treatment-for-rate-preferred-securities-arps http://www.tnbankers.org/news/2008/11/3/regulators-confirm-ordinary-loss-treatment-for-rate-preferred-securities-arps Mon, 03 Nov 2008 10:00:00 CST TBA News http://www.tnbankers.org/news/2008/11/3/treasury-provides-additional-information-on-the-application-process-for-publicly-traded-banks http://www.tnbankers.org/news/2008/11/3/treasury-provides-additional-information-on-the-application-process-for-publicly-traded-banks Mon, 03 Nov 2008 09:56:00 CST TBA News http://www.tnbankers.org/news/2008/11/3/treasury-extends-capital-purchase-plan-deadline-for-non-publicly-traded-banks http://www.tnbankers.org/news/2008/11/3/treasury-extends-capital-purchase-plan-deadline-for-non-publicly-traded-banks Mon, 03 Nov 2008 09:52:00 CST TBA News http://www.tnbankers.org/news/2008/10/31/federal-agencies-issue-additional-guidance-on-fannie-freddie-preferred-stock http://www.tnbankers.org/news/2008/10/31/federal-agencies-issue-additional-guidance-on-fannie-freddie-preferred-stock Fri, 31 Oct 2008 13:36:00 CST TBA News http://www.tnbankers.org/news/2008/10/31/red-flag-rule-compliance-deadline-november-1 http://www.tnbankers.org/news/2008/10/31/red-flag-rule-compliance-deadline-november-1 Fri, 31 Oct 2008 13:31:00 CST TBA News http://www.tnbankers.org/news/2008/10/31/fdic-provides-details-on-temporary-liquidity-guarantee-program-and-the-opt-out-provision http://www.tnbankers.org/news/2008/10/31/fdic-provides-details-on-temporary-liquidity-guarantee-program-and-the-opt-out-provision Fri, 31 Oct 2008 13:22:00 CST TBA News http://www.tnbankers.org/news/2008/10/31/applications-for-capital-purchase-program-available http://www.tnbankers.org/news/2008/10/31/applications-for-capital-purchase-program-available Fri, 31 Oct 2008 13:12:00 CST TBA News http://www.tnbankers.org/news/2008/10/31/federal-regulators-announced-programs-to-bolster-financial-markets http://www.tnbankers.org/news/2008/10/31/federal-regulators-announced-programs-to-bolster-financial-markets Fri, 31 Oct 2008 13:08:00 CST TBA News http://www.tnbankers.org/news/2008/10/31/fdic-releases-restoration-plan- http://www.tnbankers.org/news/2008/10/31/fdic-releases-restoration-plan- Fri, 31 Oct 2008 11:58:00 CST TBA News WASHINGTON — The Office of the Comptroller of the Currency issued an advisory today that provides advice to help prevent borrowers from becoming victims of foreclosure rescue scams. http://www.tnbankers.org/news/2008/5/19/occ-offers-consumer-tips-to-avoid-foreclosure-rescue-scams http://www.tnbankers.org/news/2008/5/19/occ-offers-consumer-tips-to-avoid-foreclosure-rescue-scams Mon, 19 May 2008 08:09:00 CST TBA News This Halloween, the American Bankers Association is urging consumers to follow some simple steps to "PASS" on identity theft. http://www.tnbankers.org/news/2007/10/23/aba-encourages-consumers-to-pass-on-an-identity-theft-nightmare-this-halloween--offers-consumers-identify-theft-prevention-tips http://www.tnbankers.org/news/2007/10/23/aba-encourages-consumers-to-pass-on-an-identity-theft-nightmare-this-halloween--offers-consumers-identify-theft-prevention-tips Tue, 23 Oct 2007 10:27:00 CST TBA News The Internal Revenue Service yesterday warned consumers about an E-mail scam that falsely promises recipients $80 for participating in an online customer satisfaction survey. The IRS is referenced in the E-mail's "from" and "subject" lines, and the survey form features the IRS logo. http://www.tnbankers.org/news/2007/8/29/beware-of-bogus-irs-survey-scam- http://www.tnbankers.org/news/2007/8/29/beware-of-bogus-irs-survey-scam- Wed, 29 Aug 2007 10:34:00 CST TBA News Miami-based United Cities Corp has issued illegitimate checks and also claims to have created a new currency called "The United States Private Dollar," the Federal Reserve warned consumers yesterday. http://www.tnbankers.org/news/2007/8/29/fed-florida-firm-issues-bad-checks-currency- http://www.tnbankers.org/news/2007/8/29/fed-florida-firm-issues-bad-checks-currency- Wed, 29 Aug 2007 10:33:00 CST TBA News WASHINGTON, Aug 15 – Everyone agrees that credit card disclosures could be simpler and easier to understand. While federal regulators complete the process of updating credit card disclosures, the American Bankers Association has developed a free resource to help consumers make informed choices about credit cards. http://www.tnbankers.org/news/2007/8/22/abas-new-guide-helps-consumers-understand-credit-card-agreements http://www.tnbankers.org/news/2007/8/22/abas-new-guide-helps-consumers-understand-credit-card-agreements Wed, 22 Aug 2007 14:38:00 CST TBA News On Friday, the FDIC issued a special edition of its quarterly FDIC Consumer News that contains 51 tips intended to help consumers save money on loans and credit cards. http://www.tnbankers.org/news/2007/8/20/fdic-publication-offers-consumer-tips- http://www.tnbankers.org/news/2007/8/20/fdic-publication-offers-consumer-tips- Mon, 20 Aug 2007 14:37:00 CST TBA News The Office of the Comptroller of the Currency yesterday announced the launch of HelpWithMyBank.gov, a new Web site designed to provide basic banking information and assistance to national bank customers. http://www.tnbankers.org/news/2007/7/17/occ-launches-consumer-web-site http://www.tnbankers.org/news/2007/7/17/occ-launches-consumer-web-site Tue, 17 Jul 2007 11:40:00 CST TBA News As part of its ongoing commitment to consumer protection, the Federal Reserve Bank of Kansas City has launched a new consumer protection website. The site features answers to the most commonly asked consumer questions related to banking and includes a link allowing consumers to ask specific questions. The site also offers a wealth of financial education tools. If consumers have a concern with a specific financial institution, the site will direct them to the appropriate regulatory agency to file a complaint http://www.tnbankers.org/news/2007/7/9/new-fed-consumer-protection-site http://www.tnbankers.org/news/2007/7/9/new-fed-consumer-protection-site Mon, 09 Jul 2007 10:29:00 CST TBA News Comptroller of the Currency John C. Dugan unveiled two new Public Service Announcements (PSAs) aimed at encouraging delinquent mortgage borrowers to get help by contacting their lenders or a trusted housing counselor in order to avoid foreclosure. http://www.tnbankers.org/news/2007/6/26/comptroller-dugan-unveils-psas-encouraging-delinquent-borrowers-to-contact-lenders-for-help-to-avoid-foreclosure http://www.tnbankers.org/news/2007/6/26/comptroller-dugan-unveils-psas-encouraging-delinquent-borrowers-to-contact-lenders-for-help-to-avoid-foreclosure Tue, 26 Jun 2007 14:09:00 CST TBA News Tennessee bankers, security officers and staff joined some 70 other participants in the Take Back the Net seminar. The meeting featured an address by State Attorney General Bob Cooper and representatives from the FBI, AOL, MasterCard, Visa, and Microsoft. http://www.tnbankers.org/news/2007/6/22/take-back-the-net-seminar http://www.tnbankers.org/news/2007/6/22/take-back-the-net-seminar Fri, 22 Jun 2007 11:59:00 CST TBA News On Friday, the Internal Revenue Service warned about the latest version of a bogus E-mail that tells people they are under investigation by the agency's Criminal Investigation Division for submitting a false tax return to the California Franchise Tax Board. http://www.tnbankers.org/news/2007/6/4/irs-warns-of-another-e-mail-scam- http://www.tnbankers.org/news/2007/6/4/irs-warns-of-another-e-mail-scam- Mon, 04 Jun 2007 16:39:00 CST TBA News The Office of the Comptroller of the Currency warned consumers not to fall for solicitations about a so-called "Community Reinvestment Act Program" that purports to offer cash grants or equity disbursements. http://www.tnbankers.org/news/2007/4/10/occ-warns-about-bogus-cra-grant-offers- http://www.tnbankers.org/news/2007/4/10/occ-warns-about-bogus-cra-grant-offers- Tue, 10 Apr 2007 23:44:00 CST TBA News The Federal Reserve Banks will decommission their current computer system by June 30, 2009, Fed officials said this week. Customers of all critical payment services, including Fedwire Funds, Fedwire Securities, and FedACH Services, will be moved to the new system by Dec. 31, 2008. http://www.tnbankers.org/news/2007/4/6/fed-to-switch-computer-systems http://www.tnbankers.org/news/2007/4/6/fed-to-switch-computer-systems Fri, 06 Apr 2007 14:33:00 CST TBA News On Friday, the Federal Reserve issued an alert about instances of questionable solicitations directed at homeowners. The Fed has received inquiries and complaints from recipients of direct-mail solicitations that suggest there is a Community Reinvestment Act program that entitles certain homeowners to cash grants or equity disbursements. http://www.tnbankers.org/news/2007/2/20/fed-warns-of-questionable-mortgage-solicitations http://www.tnbankers.org/news/2007/2/20/fed-warns-of-questionable-mortgage-solicitations Tue, 20 Feb 2007 13:45:00 CST TBA News In an effort to spread lessons in financial literacy to the youth of our nation, the National Foundation for Credit Counseling (NFCC) is sponsoring the BE MONEY WISE National Poster Contest in 2007. The theme is "Plant the Seed of Saving to Grow Your Future." http://www.tnbankers.org/news/2007/2/8/nfcc-launches-2007-national-financial-literacy-poster-contest http://www.tnbankers.org/news/2007/2/8/nfcc-launches-2007-national-financial-literacy-poster-contest Thu, 08 Feb 2007 13:57:00 CST TBA News As part of the Office of Thrift Supervision's Consumer Protection Week series, yesterday the agency unveiled a brochure, "Consumer Fact Sheet: Buying, Giving, and Using Gift Cards," that gives advice on gift cards issued by financial institutions. http://www.tnbankers.org/news/2007/2/7/ots-issues-consumer-brochure-on-gift-cards- http://www.tnbankers.org/news/2007/2/7/ots-issues-consumer-brochure-on-gift-cards- Wed, 07 Feb 2007 15:31:00 CST TBA News The winter issue of FDIC Consumer News, released yesterday for National Consumer Protection Week, features practical suggestions for dealing with money matters. http://www.tnbankers.org/news/2007/2/6/fdic-issues-suggestions-for-managing-money http://www.tnbankers.org/news/2007/2/6/fdic-issues-suggestions-for-managing-money Tue, 06 Feb 2007 15:36:00 CST TBA News Yesterday, the FDIC encouraged low- and moderate-income taxpayers to take advantage of Internal Revenue Service programs and bank services that can help them save more money for future goals. http://www.tnbankers.org/news/2007/1/17/fdic-encourages-consumers-banks-to-use-irs-tax-help-programs http://www.tnbankers.org/news/2007/1/17/fdic-encourages-consumers-banks-to-use-irs-tax-help-programs Wed, 17 Jan 2007 14:58:00 CST TBA News http://www.tnbankers.org/news/2007/1/10/financial-services-committee-issues-fraud-warning http://www.tnbankers.org/news/2007/1/10/financial-services-committee-issues-fraud-warning Wed, 10 Jan 2007 15:03:00 CST TBA News http://www.tnbankers.org/news/2006/12/5/state-ag-warns-to-use-care-when-holiday-shopping-online http://www.tnbankers.org/news/2006/12/5/state-ag-warns-to-use-care-when-holiday-shopping-online Tue, 05 Dec 2006 15:04:00 CST TBA News http://www.tnbankers.org/news/2006/12/4/dont-get-taken-in-the-season-of-giving-nfcc-tips-on-protecting-your-credit-while-holiday-shopping http://www.tnbankers.org/news/2006/12/4/dont-get-taken-in-the-season-of-giving-nfcc-tips-on-protecting-your-credit-while-holiday-shopping Mon, 04 Dec 2006 15:06:00 CST TBA News http://www.tnbankers.org/news Search TBA News http://www.tnbankers.org/news search_string 15