“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.”
Coats Introduces Bill to Help Community Banks
Sen. Dan Coats on March 10 introduced the Community Financial Protection Act, legislation that would protect a lender with less than $10 billion in assets from unreasonable Consumer Financial Protection Bureau data requests. Under Coats’ proposal, the CPFB would have to rely on publicly available information or seek the information from existing regulators.
The bill also would require the CFPB to justify to regulators why it needs certain information that is not publicly available, and it provides the prudential regulator with the authority to deny a request from the CFPB. Additionally, the bill limits the CFPB to requesting only institution-specific vs. industry-wide information.
Community banks with assets between $100 million and $1 billion have demonstrated resilience, growing by 7 percent in number and 27 percent in...
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.