“In an age characterized by the instantaneous global distribution of information; in an age where high-frequency traders...
Heartbleed Bug FAQs
“Heartbleed” is a flaw in the programming on secure websites that could put personal information at risk, including passwords, credit card information and emails. The Heartbleed Bug is a defect in encryption technology — called Open SSL — used by most Web servers to secure users’ personal or financial information.
In response to concerns about recent reports on the Heartbleed Bug, the American Bankers Association has created a Heartbleed Bug FAQ document for consumers. The document addressed questions addressing the nature of the bug and safety of bank accounts.
NOTE: Helpful article from Mashable.com - “The Heartbleed Hit List: The Passwords You Need to Change Right Now.”
Consolidation of the Banking Industry
According to a recent FDIC report, consolidation has resulted in an increase in banking institutions with more than $100 million assets in both the number of institutions and also total assets. However the number of banks under $100 million in assets has declined by 85 percent. Most importantly, the report recognizes that the number of bank and thrift charters has dropped from more than 20,000 bank and thrift charters 30 years ago to only 6,800 today. Read IBA Desktop blog.
Sen. Dan Coats on March 10 introduced the Community Financial Protection Act, legislation that would protect a lender with less than $10 billion...
The Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and Federal Reserve Board on Tuesday approved a supplementary...
Education / Events
Regulatory Conference Call
The FDIC Chicago Region is hosting the first session of its 2014 Regional Regulatory Conference Call series, “Investment Securities – New Rules for Assessing Credit Risk," on April 24 from 10-11 a.m. Central time. Register online by April 22. A confirmation email with access information will be sent on April 23. For more information, please contact Janalyn Mitsiopoulos, 312-382-7570.
This year’s Mega is sparked by the theme, “Experience the Energy.” Energy radiates everywhere, from the energy within us to the energy that ignites our industry. The Mega Conference will revitalize you and others at your institution. We hope you will join us for the 2014 Mega Conference, April 28-30, at the Indiana Convention Center. We have a magnetic lineup of speakers and high-energy sessions that are designed to renew your energy and leave you recharged and rejuvenated!
April 28-30, 2014. Register Today!
Amplify Your Efforts
Amplify is a public relations and grassroots effort developed by the American Bankers Association with help from banking professionals. Available to all bankers — both ABA members and nonmembers, it offers tools to help rebuild the image of banking. Register online. This program is designed to provide access to information and systems to make it quick and easy for banks to “Amplify” accomplishments in the areas of: Send an Email to Congress, Tweet Your Representatives, Set Up a Bank Visit, Speak to a Local Group, Engage the Media, and Additional Resources.