| Top News: |
| Overdraft Study Shows Need for Flexibility |
| ICBA’s recent Overdraft Payment Services Study shows that community banks inform customers of their options and offer flexibility to minimize overdraft costs, according to a new in-depth article on the ICBA Independent Banker website. Read more. |
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| ICBA Launches LinkedIn Social Media Group |
| ICBA recently launched a social media group on LinkedIn exclusively for community bankers interested in discussing and learning about social media. Read more. |
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| Other News: Click Headline for Story |
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In Depth |
| Overdraft Study Shows Need for Flexibility |
| ICBA’s recent Overdraft Payment Services Study shows that community banks inform customers of their options and offer flexibility to minimize overdraft costs, according to a new in-depth article on the ICBA Independent Banker website. The study found that 100 percent of community banks keep their customers informed about overdraft programs and that consumers support the kinds of protections against overdrafts that community banks provide. In transmitting the results to the Consumer Financial Protection Bureau, ICBA encouraged policymakers not to prevent community banks from offering a variety of overdraft options to meet their customers’ needs. Read the Article. |
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Social Media |
| ICBA Launches LinkedIn Social Media Group |
| ICBA recently launched a social media group on LinkedIn exclusively for community bankers interested in discussing and learning about social media. The group is dedicated to all things community banking and social media and is a place where seasoned veterans and beginners alike can come together, swap ideas, learn about best practices, share articles and brainstorm. The group is private, so community bankers can freely share their thoughts and ideas in an online forum. Request an invite if you are a community banker interested in discussing social media. Join the Group. |
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In the News |
| Free Gas Giveaway Sparks Interest |
| A group of community banks that offered free gas to lure customers from the megabanks made headlines across the nation last week. The community banks offered $20 in free gas to potential patrons, which got the attention of the Fox Business Network, American Banker, The Huffington Post, The Baltimore Sun and other news outlets. The promotion involved community banks that offer deposit products through Kasasa, which is owned by ICBA Preferred Service Provider BancVue. |
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Regulators |
| Fannie, Freddie Streamline Short Sale Guidelines |
| The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are issuing new guidelines to their mortgage servicers to consolidate short sale programs into one standard program. The new guidelines, which go into effect Nov. 1, will permit homeowners with a Fannie or Freddie mortgage to sell their home in a short sale if they are current on their mortgage and have an eligible hardship. Servicers will be able to expedite short sales for borrowers with hardships such as death of a co-borrower, divorce, disability or job relocation without additional approval from Fannie or Freddie. |
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Education |
| Conference on Community Banking in the Future |
| ICBA is hosting an upcoming conference to help community banks prepare for the future. “,” scheduled for Oct. 11-12 in Sacramento, Calif., will feature a variety of topics on how community banks of tomorrow will look, feel and operate. Register Online. |
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Products and Services |
| Wolters Kluwer Financial Services Offers Flood Portfolio ‘Checkup’ |
| There are many ways to violate the Flood Disaster Protection Act, and while compliance requirements have not changed significantly over the past few years, institutions are still struggling with some of the basic requirements—and it has the regulators’ attention. In 2011, approximately 99 institutions received civil money penalties totaling nearly $1 million. An article from Wolters Kluwer Financial Services, an ICBA Preferred Service Provider, features some common violations and best practice recommendations to help community banks manage their flood program more effectively. If you have questions, contact Brenda Herubin at Brenda.herubin@wolterskluwer.com or your local Wolters Kluwer Financial Services account executive. Read the Article. |
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ICBA NewsWatch Today
Published by the Independent Community Bankers of America
© 2012 ICBA
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