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/press/headlines/2008/11/24/regulators-announce-plan-to-aid-citigroup- http://www.tnbankers.org/press/headlines/2008/11/24/regulators-announce-plan-to-aid-citigroup- Mon, 24 Nov 2008 14:23:00 CST Recent Headlines 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/press/headlines/2008/11/24/aba-comment-letter-on-interest-on-reserves http://www.tnbankers.org/press/headlines/2008/11/24/aba-comment-letter-on-interest-on-reserves Mon, 24 Nov 2008 14:22:00 CST Recent Headlines 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/press/headlines/2008/11/24/icba-recommends-adoption-of-bankers-bank-plan http://www.tnbankers.org/press/headlines/2008/11/24/icba-recommends-adoption-of-bankers-bank-plan Mon, 24 Nov 2008 14:20:00 CST Recent Headlines 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/press/headlines/2008/11/21/fdic-modifies-adopts-final-temporary-liquidity-guarantee-program- http://www.tnbankers.org/press/headlines/2008/11/21/fdic-modifies-adopts-final-temporary-liquidity-guarantee-program- Fri, 21 Nov 2008 14:16:00 CST Recent Headlines 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/press/headlines/2008/11/17/fdic-unveils-loan-modification-program- http://www.tnbankers.org/press/headlines/2008/11/17/fdic-unveils-loan-modification-program- Mon, 17 Nov 2008 09:33:00 CST Recent Headlines 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/press/headlines/2008/11/14/occ-denies-request-for-guidance-to-allow-banks-to-provide-credit-card-borrower-workout-programs- http://www.tnbankers.org/press/headlines/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 Recent Headlines 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/press/headlines/2008/11/14/aba-fdic-should-maintain-flexibility-to-make-changes-in-temporary-liquidity-guarantee-program- http://www.tnbankers.org/press/headlines/2008/11/14/aba-fdic-should-maintain-flexibility-to-make-changes-in-temporary-liquidity-guarantee-program- Fri, 14 Nov 2008 09:22:00 CST Recent Headlines 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/press/headlines/2008/11/14/icba-urges-mark-to-market-accounting-changes http://www.tnbankers.org/press/headlines/2008/11/14/icba-urges-mark-to-market-accounting-changes Fri, 14 Nov 2008 09:21:00 CST Recent Headlines 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/press/headlines/2008/11/13/hud-issues-final-changes-to-respa-regs- http://www.tnbankers.org/press/headlines/2008/11/13/hud-issues-final-changes-to-respa-regs- Thu, 13 Nov 2008 09:44:00 CST Recent Headlines 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/press/headlines/2008/11/13/treasury-fed-issue-final-internet-gambling-rule- http://www.tnbankers.org/press/headlines/2008/11/13/treasury-fed-issue-final-internet-gambling-rule- Thu, 13 Nov 2008 09:42:00 CST Recent Headlines http://www.tnbankers.org/press/headlines Search Recent Headlines http://www.tnbankers.org/press/headlines search_string 15