http://blogs.law.harvard.edu/tech/rss Sitemason Content Management System http://www.sitemason.com/ The Federal Reserve Board on Friday—along with the Office of Thrift Supervision and National Credit Union Administration—proposed rules intended to prohibit unfair credit card and overdraft protection practices. http://www.tnbankers.org/news/2008/5/5/fed-issues-proposed-rules-to-reform-credit-card-overdraft-practices- http://www.tnbankers.org/news/2008/5/5/fed-issues-proposed-rules-to-reform-credit-card-overdraft-practices- Mon, 05 May 2008 12:17:00 CST TBA News Late Thursday, Senator Joe Lieberman (I-Conn) introduced the Senate version of the ABA-opposed Credit Union Regulatory Improvements Act (S 2957)—better known as CURIA. Like its House companion bill (HR 1537), it would, among other things, loosen credit unions' capital standards, increase their cap on business lending from 12.25 percent of total assets to 20 percent, and expand their authority to add underserved communities to fields of membership. http://www.tnbankers.org/news/2008/5/5/senator-lieberman-introduces-curia-in-senate- http://www.tnbankers.org/news/2008/5/5/senator-lieberman-introduces-curia-in-senate- Mon, 05 May 2008 12:15:00 CST TBA News On Friday, President Bush on Friday signed a two-week extension of the 2002 Farm Bill—the sixth extension overall—that runs until May 16. Meanwhile, House and Senate Farm Bill conferees are expected to meet Tuesday to vote on remaining items and the overall final legislation so it can be sent to the House and Senate for final approval. http://www.tnbankers.org/news/2008/5/5/bush-signs-two-week-extension-of-2002-farm-bill- http://www.tnbankers.org/news/2008/5/5/bush-signs-two-week-extension-of-2002-farm-bill- Mon, 05 May 2008 12:14:00 CST TBA News Media coverage of the ABA Education Foundation's Teach Children to Save Day last Tuesday—involving more than 12,600 bankers educating some 488,000 young people on the importance of saving—reached 26 million people. In Tennessee, 53 banks pledged to conduct Teach Children to Save activities. Tennessee Commissioner of Financial Institutions Greg Gonzales traveled to Lakeview Elementary in Mount Juliet to participate in a presentation by Wilson Bank & Trust. http://www.tnbankers.org/news/2008/5/5/2008-teach-children-to-save-day-is-bigger-than-ever http://www.tnbankers.org/news/2008/5/5/2008-teach-children-to-save-day-is-bigger-than-ever Mon, 05 May 2008 12:08:00 CST TBA News The Discount Rate was also cut by 25 basis points to 2.25 percent. http://www.tnbankers.org/news/2008/4/30/fed-cuts-funds-rate-25-basis-points-to-200-percent- http://www.tnbankers.org/news/2008/4/30/fed-cuts-funds-rate-25-basis-points-to-200-percent- Wed, 30 Apr 2008 14:44:00 CST TBA News Yesterday, President Bush called on Congress to pass a one-year extension of the 2002 Farm Bill. Bush already signed a one-week extension of the law—that expires Friday—to give the House-Senate conference committee time to reach an agreement on new farm legislation. However, the president said he doesn't think a deal is likely soon. http://www.tnbankers.org/news/2008/4/23/bush-urges-congress-to-pass-one-year-extension-of-2002-farm-bill- http://www.tnbankers.org/news/2008/4/23/bush-urges-congress-to-pass-one-year-extension-of-2002-farm-bill- Wed, 23 Apr 2008 10:40:00 CST TBA News ICBA, ABA, and 11 other trade groups are running an advocacy ad in today's issue of Capitol Hill newspapers, Roll Call and The Hill, urging lawmakers to oppose mortgage bankruptcy bills pending before the House and Senate. http://www.tnbankers.org/news/2008/4/23/ads-spread-message-on-mortgage-bankruptcy-bills http://www.tnbankers.org/news/2008/4/23/ads-spread-message-on-mortgage-bankruptcy-bills Wed, 23 Apr 2008 10:38:00 CST TBA News A new bill introduced by Representative Dennis Moore (D-Kan) could reduce regulatory constraints to allow savings institutions more easily to lend to small and medium-size businesses as well as consumers. The Bank and Thrift Regulatory Relief Act of 2008 (HR 5841) contains several ICBA-backed provisions. http://www.tnbankers.org/news/2008/4/18/icba-applauds-regulatory-relief-measure http://www.tnbankers.org/news/2008/4/18/icba-applauds-regulatory-relief-measure Fri, 18 Apr 2008 09:26:00 CST TBA News Credit Union National Association President and CEO Dan Mica was off the mark when he argued in an April 9 letter to Treasury Secretary Henry Paulson that the Treasury—in proposing its regulatory reform blueprint—didn't understand the differences between banks and credit unions, ABA President and CEO Ed Yingling said yesterday. http://www.tnbankers.org/news/2008/4/18/treasury-blueprint-demonstrates-accurate-understanding-of-cu-industry-changes- http://www.tnbankers.org/news/2008/4/18/treasury-blueprint-demonstrates-accurate-understanding-of-cu-industry-changes- Fri, 18 Apr 2008 09:24:00 CST TBA News Yesterday, House Financial Services Committee Chairman Barney Frank (D-Mass) introduced his much-debated bill (HR 5830) that would allow the Federal Housing Administration to refinance up to $300 million in new guarantees for troubled subprime loans. Under the legislation, lenders first would have to write down substantially the mortgages to make them more affordable. In exchange, they would be paid from proceeds of the new FHA loans. http://www.tnbankers.org/news/2008/4/18/frank-introduces-bill-to-address-rising-foreclosures- http://www.tnbankers.org/news/2008/4/18/frank-introduces-bill-to-address-rising-foreclosures- Fri, 18 Apr 2008 09:20:00 CST TBA News The House yesterday passed a one-week extension of the 2002 Farm Bill so that negotiations on a new one can continue after the current extension expires on Friday. The Senate also is expected to approve the extension. http://www.tnbankers.org/news/2008/4/17/house-passes-one-week-extension-of-2002-farm-bill-bankers-remain-vigilant-on-fcs-measures- http://www.tnbankers.org/news/2008/4/17/house-passes-one-week-extension-of-2002-farm-bill-bankers-remain-vigilant-on-fcs-measures- Thu, 17 Apr 2008 08:19:00 CST TBA News In related news, five trade groups joined ABA yesterday in informing tax conferees on the House-Senate conference committee negotiating the Farm Bill that they strongly oppose using a Bush administration card reporting proposal as a revenue offset on the farm legislation (HR 2419)—or any other bill. The proposal would require information reporting on payment card reimbursements to merchants. http://www.tnbankers.org/news/2008/4/17/trade-groups-oppose-adding-card-proposal-to-farm-bill- http://www.tnbankers.org/news/2008/4/17/trade-groups-oppose-adding-card-proposal-to-farm-bill- Thu, 17 Apr 2008 08:17:00 CST TBA News US economic conditions have weakened since February with consumers spending less and businesses facing higher costs, according to the Federal Reserve's Beige Book survey of the 12 Fed districts. http://www.tnbankers.org/news/2008/4/17/beige-book-us-economy-weakening- http://www.tnbankers.org/news/2008/4/17/beige-book-us-economy-weakening- Thu, 17 Apr 2008 08:14:00 CST TBA News Yesterday, the Senate voted 84-12 to approve the $15 billion bipartisan housing stimulus package, The Foreclosure Prevention Act of 2008 (S 2636), designed to bolster housing market activity over a 10-year period. http://www.tnbankers.org/news/2008/4/11/senate-passes-compromise-housing-package- http://www.tnbankers.org/news/2008/4/11/senate-passes-compromise-housing-package- Fri, 11 Apr 2008 10:02:00 CST TBA News Credit Union National Association President and CEO Dan Mica sent a 1,700-word letter to Treasury Secretary Henry Paulson protesting, among other things, an assertion in Treasury's regulatory reform blueprint that some credit unions are abandoning their mission. http://www.tnbankers.org/news/2008/4/11/treasurys-recognition-of-mission-desertion-raises-cuna-hackles- http://www.tnbankers.org/news/2008/4/11/treasurys-recognition-of-mission-desertion-raises-cuna-hackles- Fri, 11 Apr 2008 10:01:00 CST TBA News The financial literacy scores of the 2008 high school senior class rank lower than those of their 2006 peers, according to a survey by the Jump$tart Coalition for Personal Financial Literacy released this week. The biennial survey shows that this year's 12th-graders correctly answered only 48.3 percent of its questions compared with 52.4 percent for the class of 2006. http://www.tnbankers.org/news/2008/4/11/financial-literacy-declining-among-high-school-seniors- http://www.tnbankers.org/news/2008/4/11/financial-literacy-declining-among-high-school-seniors- Fri, 11 Apr 2008 09:59:00 CST TBA News The US government rescued Bear Stearns because the investment bank's collapse would have reverberated throughout the economy, Federal Reserve Chairman Ben Bernanke and other regulators told the Senate Banking Committee yesterday. http://www.tnbankers.org/news/2008/4/4/bernanke-bear-stearns-collapse-threatened-economy- http://www.tnbankers.org/news/2008/4/4/bernanke-bear-stearns-collapse-threatened-economy- Fri, 04 Apr 2008 07:53:00 CST TBA News Consumer credit delinquencies in 2007's fourth quarter reached their highest levels since 1992, according to the ABA Consumer Credit Delinquency Bulletin, to be released today. The composite ratio, which tracks eight closed-end installment loan categories, rose 21 basis points to 2.65 percent of all accounts—and all eight loan categories experienced increased delinquencies. http://www.tnbankers.org/news/2008/4/3/consumer-delinquencies-rise-in-fourth-quarter- http://www.tnbankers.org/news/2008/4/3/consumer-delinquencies-rise-in-fourth-quarter- Thu, 03 Apr 2008 07:52:00 CST TBA News Yesterday, Treasury Secretary Henry Paulson released an ambitious and far-reaching plan to revamp and consolidate regulation of the US financial services system. http://www.tnbankers.org/news/2008/4/1/treasury-proposes-massive-regulatory-overhaul-aba-says-reform-blueprint-contains-troubling-provisions-while-icba-calls-recommendations-seriously-flawed http://www.tnbankers.org/news/2008/4/1/treasury-proposes-massive-regulatory-overhaul-aba-says-reform-blueprint-contains-troubling-provisions-while-icba-calls-recommendations-seriously-flawed Tue, 01 Apr 2008 07:54:00 CST TBA News The Federal Housing Finance Board yesterday authorized the Federal Home Loan Banks to increase their purchases of agency mortgage backed securities to 600 percent of capital, from 300 percent, for two years. This could provide in excess of $100 billion of additional liquidity to the MBS market, FHFB said. FHLBanks would have to notify the board prior to their first acquisitions under the expanded authority and include descriptions of risk management principles underlying the purchases. The expanded authority is limited to Fannie Mae and Freddie Mac securities backed by mortgages that were originated consistent with, and subsequent to, federal bank regulatory guidance on nontraditional and subprime mortgage lending. http://www.tnbankers.org/news/2008/3/25/fhfb-adds-liquidity-to-mortgage-market- http://www.tnbankers.org/news/2008/3/25/fhfb-adds-liquidity-to-mortgage-market- Tue, 25 Mar 2008 12:16:00 CST TBA News The Office of Federal Housing Enterprise Oversight said yesterday that it has cut Fannie Mae and Freddie Mac's surplus capital requirement from 30 percent to 20 percent. http://www.tnbankers.org/news/2008/3/20/ofheo-cuts-capital-requirement-for-fannie-freddie- http://www.tnbankers.org/news/2008/3/20/ofheo-cuts-capital-requirement-for-fannie-freddie- Thu, 20 Mar 2008 14:47:00 CST TBA News Hannaford Brothers, a Scarborough, Maine-based supermarket chain, said this week that a data breach has exposed more than 4.2 million customer credit and debit card numbers to scammers, and 1,800 fraud cases have been reported so far. Read on for talking points on data security and customer information privacy. http://www.tnbankers.org/news/2008/3/19/data-breach-exposes-42-million-accounts- http://www.tnbankers.org/news/2008/3/19/data-breach-exposes-42-million-accounts- Wed, 19 Mar 2008 09:29:00 CST TBA News http://www.tnbankers.org/news/2008/2/12/no-issues-to-display-at-this-time http://www.tnbankers.org/news/2008/2/12/no-issues-to-display-at-this-time Tue, 12 Feb 2008 13:29:00 CST TBA News http://www.tnbankers.org/news/2008/2/8/ucc-revised-article-9--possession-of-collateral--hb-3709sb-3168 http://www.tnbankers.org/news/2008/2/8/ucc-revised-article-9--possession-of-collateral--hb-3709sb-3168 Fri, 08 Feb 2008 10:49:00 CST TBA News http://www.tnbankers.org/news/2008/2/8/ucc-revised-article-9--legal-name-of-a-debtor--hb-3734sb-3732 http://www.tnbankers.org/news/2008/2/8/ucc-revised-article-9--legal-name-of-a-debtor--hb-3734sb-3732 Fri, 08 Feb 2008 10:47:00 CST TBA News http://www.tnbankers.org/news/2008/2/8/posting-of-foreclosure-notices-on-internet--hb-3806sb-3550 http://www.tnbankers.org/news/2008/2/8/posting-of-foreclosure-notices-on-internet--hb-3806sb-3550 Fri, 08 Feb 2008 10:45:00 CST TBA News http://www.tnbankers.org/news/2008/2/8/safe-deposit-box-technical-revision--hb-3613sb-3413 http://www.tnbankers.org/news/2008/2/8/safe-deposit-box-technical-revision--hb-3613sb-3413 Fri, 08 Feb 2008 10:41:00 CST TBA News http://www.tnbankers.org/news/2008/2/8/notice-of-foreclosure-technical-revision--hb-3748sb-3337- http://www.tnbankers.org/news/2008/2/8/notice-of-foreclosure-technical-revision--hb-3748sb-3337- Fri, 08 Feb 2008 10:39:00 CST TBA News http://www.tnbankers.org/news/2008/2/8/garnisments--hb-3746sb-3386 http://www.tnbankers.org/news/2008/2/8/garnisments--hb-3746sb-3386 Fri, 08 Feb 2008 10:35:00 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