To submit news postings with the Tennessee Bankers Association contact:
Dianne Martin - dymartin@tnbankers.org
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Recent Headlines
This week, President Obama installed former Ohio Attorney General Richard Cordray as director of the Consumer Financial Protection Bureau without Senate approval by using a questionable recess appointment. Republican senators, who had vowed to block the confirmation of any CFPB director unless the bureau’s structure and funding are changed, have been holding pro forma sessions to prevent such an appointment.
Today’s Nashville Business Journal reports that bank lending grew faster than it has in three years, increasing at an annual rate of almost 10 percent in the third quarter, according to data from the US Federal Reserve.
The Senate Banking Committee today is scheduled to vote on Thomas Hoenig’s nomination to become FDIC vice chairman, according to ABA’s Daily Newsbytes. Hoenig, the former president and CEO of the Kansas City Federal Reserve Bank and a frequent critic of Fed policies, was nominated by the Obama administration in October.
Taxpayers have made more than $13 billion in profit so far from the Treasury Department’s Troubled Asset Relief Program through repayments, dividends, interest, and other income from banks, the agency said yesterday in its monthly TARP report. “As of today, taxpayers have recovered over $258 billion from TARP’s bank programs … over $13 billion more than the $245 billion invested in banks,” the report said.
While a bill (H.R. 1723) designed to stop regulators from assigning “nonaccrual” status to performing amortizing loans has worthy goals, ABA cannot support it, the association said yesterday in a memo to the House Financial Institutions Subcommittee.
The ABA Education Foundation is sponsoring a free, financial education solutions webinar at 3:00 pm EST on November 16.
Simplifying checking account disclosures -- as Sens. Richard Durbin (D-Ill.) and Jack Reed (D-R.I.) urged last week -- would be a valuable but challenging task, ABA EVP Wayne Abernathy said on Friday.
The House yesterday passed by a 420-2 vote an ABA-backed bill (H.R. 1965) that would raise the current 500-shareholder threshold for Securities and Exchange Commission registration to 2,000 for banks and bank holding companies...
Sen. Mike Crapo (R-Idaho) yesterday withdrew his ABA-backed amendment to a fiscal year 2012 appropriations bill
ABA and its ABA Securities Association affiliate yesterday urged all Senate members to support Sen. Mike Crapo’s (R-Idaho) amendment to a fiscal year 2012 appropriations bill...
The House yesterday passed by a 405-16 vote a bill (H.R. 674) that would repeal an ABA-opposed provision in the 2005 tax bill requiring federal, state and local governments -- ... If you ask community bankers, small-business owners and other Americans on Main Street, they’ll tell you that regulatory uncertainty is hurting job creation, according to a blog posted yesterday on ... Freddie Mac CEO Charles Haldeman Jr. and Board Chairman John Koskinen are both stepping down from their posts, the Federal Housing Finance Agency said yesterday.
The Federal Reserve yesterday announced the annual indexing of the low reserve tranche and the reserve requirement exemption amount for 2012. These amounts are used to calculate reserve requirements ...
The Internal Revenue Service soon will release a notice providing 2011 penalty relief for those who make a good-faith effort to comply with the Internal Revenue Code’s new Section ...
The House Financial Services Committee yesterday approved by voice vote an ABA-backed bill (H.R. 1965) -- introduced by Reps. Jim Himes (D-Conn.) and Steve Womack (R-Ark.) -- that would ...
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