Though the Federal Reserve does not anticipate lifting interest rates for years, regulators and executives continue to be...
Industry News
Time to End CU Tax Exemption
The American Bankers Association and Independent Community Bankers of America issued a joint letter yesterday to House Ways and Means Committee Chairman Dave Camp, urging Congress to end the corporate tax exemption for credit unions. They emphasized that tax reform is intended to make the tax code fairer.
The trade groups noted that credit unions today comprise a $1 trillion industry with a tax exemption worth $12.8 billion over the next five years. They added that only 12 percent of the exemption is being passed through to consumers, and that eliminating it does not have to impact the pricing of credit union products.
They also stressed there is precedent for repealing outdated subsidies for financial firms, which Congress did in the 1940s and 1950s when it ended the exemptions for mutual insurance companies and savings banks.
Mar 05, 2014
In February 2014 the Indiana Bankers Association polled member-bank chief executive officers about paperless loan...
Advocacy
Senate Banking Leaders Reach Fannie/Freddie Agreement
Senate Banking Committee Chairman Tim Johnson and top Republican Mike Crapo have announced today, March 11, that they have reached a bipartisan agreement on what to do with government-owned Fannie Mae and Freddie Mac and how to overhaul the housing finance market.
Draft text of the legislation is due in the next few days with a mark-up from the committee expected in the coming weeks, according to the announcement. The plan, which Johnson said had near unanimous backing on the panel, includes measures provided from several members of the committee.
Mar 11, 2014
As of March 7, 2014: The House and the Senate deadlines for a third reading have been reached this week. If a bill is still alive, it would have...
Mar 07, 2014
Efforts by Sens. Richard Durbin, D-Ill., and Al Franken, D-Minn., to increase scrutiny on banks’ data security efforts in the wake of large...
Education / Events
Expanding Youth Savings Programs
The Federal Deposit Insurance Corp. is hosting a dialog on successful strategies for implementing results-oriented youth savings campaigns at a meeting the morning of Feb. 19 in Indianapolis. Read more/register by Feb. 14.
Maxi Awards
For more than 30 years, the Maxi Awards have been recognizing excellence in bank marketing and advertising throughout the state. Entries will be accepted directly from an IBA member institution, or from an advertising agency on behalf of a member institution and materials that were initially used during the 2013 calendar year are eligible. (more)
Scholarships
Graduate School of Banking (GSB) Scholarship • August 2014 - University of Wisconsin, Madison
IBA Members Only - Two Scholarships Awarded
Scholarship Amount - $3,900 per recipient ($1,300 per year, applicable to first-year students only)
Since 1945 the Graduate School of Banking at the University of Wisconsin (GSB) has helped develop banking leaders through a program of advanced management education. Today GSB is widely recognized as the nation's leading and most progressive banking school. It counts nearly 20,000 bankers, bank regulatory officials and industry consultants as alumni. These alumni occupy positions of leadership in banks of all sizes, the industry and their communities. Read more and apply for scholarship online.
Connect
In This Issue
Feb 25, 2014
Question: What are the requirements under Indiana law for a bank to close in the case of an emergency on a day which is not...
Products / Services
The Indiana Bankers Association has a responsibility to to develop and maintain relationships with service providers that will benefit the IBA membership. This month we are highlighting the following Preferred Service Providers, and trust you will consider these PSPs when looking for related products or services.
Continuity Control
Contact:
Don Stephens, 866-631-5556 ext. 307
Continuity Control is the only complete compliance platform for community financial institutions...
Approval Payment Solutions, Inc.
Contact:
Todd Maple, 888-311-7248 ext. 104
Approval Payment Solutions provides bankcard-processing services for a bank's business customers...
2014 Financial Institution Compensation Survey - Chance to Win an iPad!
Your participation is requested! One of the most powerful benefits that the Indiana Bankers Association has to offer is our annual Financial Institution Compensation Survey. Only with maximum participation is the full potential of the survey realized.
Participants in the 2014 survey will receive up to a 60% discount on the purchase of the survey reports, which will be available in August 2014. Also, all participants who return their completed survey by May 2, 2014, will be entered into a drawing* for a chance to win an iPad® Air! The survey will close on June 2, 2014.
