Overdraft White Paper Available
GBA Strategic Partner Strunk and Associates has written an article outlining new rules, proposed legislation and key things banks should be aware of related to overdraft programs. It's a good overview, so we've made it available to our members here.
 

Keep up with Residential Lending Compliance Solutions
Residential lending regulations change frequently and GBA Strategic Partner LendingXpress has a great tool to help GBA members meet new compliance guidelines. From valuations that are HVCC compliant to document solutions that meet the new disclosure requirements, LendingXpress helps GBA members stay current and make sound lending decisions. More about LendingXpress...
 

How to Get Hacker-proof Data Security While Cutting Costs
In today's fast-changing technological marketplace, banks must operate with top-of-the-line, hacker-proof technology while reducing cost of ownership along the way. NuVox delivers customized managed communications services, information technology, data, security and voice solutions designed specifically for banking customers whose data must remain secure. More about NuVox...

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ABA Outlines Overzealous Exam Practices:
Georgia Bankers Being Heard
The ABA this week sent banking regulators a list of areas in which overzealous examiners and some supervisory rules are destabilizing factors and inhibiting bank lending to small businesses and other customers. "Input came from bankers across the nation as well as from GBA and other associations because the issues noted are not just Georgia issues," said Joe Brannen, GBA President and CEO. "As the letter points out in detail, there are steps that can be taken quickly that would further stabilize much of the banking industry here in Georgia and across the country. Access to the letter and more details...

Updated Georgia Banking Report Now Available
We've published our quarterly comprehensive update of the Georgia Banking industry, which is now available here and on our GBA home page. The most current information includes the Georgia summary of the FDIC quarterly banking profile, some of the progress made to help stabilize the industry, updated lists of regulatory and legislative issues and updated stats about bank closures, CPP dividends paid to the government and mortgage modification efforts.

Credit Union Opposition Continues
We continue to oppose legislation that would expand credit union business lending limits. This week GBA sent a letter to the Georgia Congressional Delegation opposing H.R. 3380, and urging them to oppose efforts to include the measure in any jobs legislation. Of all the credit unions in Georgia that the current cap applies to, not a single one is at or near the current cap of 12.25 percent. The closest an individual credit union comes to this cap is 8.91 percent. More about the C.U. legislation...

In the News: Roundup of GA-Related Stories
There were a few news stories of note this week about Georgia banks as well as some friends of the Association. Stories included quotes by Hans Broder, CEO of Enterprise Banking Company, McDonough, U.S. Sen. Johnny Isakson about accounting issues and Rep. Lynn Westmoreland on NPR, Joe Brannen in the AJC and a GBA Strategic Partner in the L.A. Times. More about the news of the week...

Fed Beige Book Notes Soft Loan Demand
Loan demand in the Atlanta Federal Reserve District is soft, according to bank reports provided for the most recent Federal Reserve Beige book released this week. More details about the Beige Book report...

Risk Weighting of FDIC-Backed Assets Clarified
The federal banking agencies last week clarified the risk weights for claims on or guaranteed by the FDIC for purposes of banks' risk-based capital requirements. Direct claims on and claims unconditionally guaranteed by the FDIC may be assigned a zero percent risk weight. Exposures that are covered by a conditional guarantee, such as FDIC loss-sharing agreements, which include contractual conditions that acquirers must meet, may be assigned a 20 percent risk weight, the agencies said about risk weighting.

Fed Checking Infrastructure Changes Complete
Paper check processing ended at the Atlanta Federal Reserve office Friday Feb. 26. With that, all paper check processing is now handled at the Cleveland office. The Atlanta office serves as the Reserve Banks' processing location for electronic check processing. The Federal Reserve Banks announced this week that they have completed the reduction in paper check processing infrastructure that was begun in late 2003.

FFHA Extends Home Refinancing Program
The Federal Housing Finance Agency this week extended the Home Affordable Refinance Program administered by Fannie Mae and Freddie Mac to June 30, 2011. The program was slated to expire on June 10, 2010. More about the HARP extension...

Newsmakers More people news...
 

Read All About It -- Send Us Your News
Please remember to include the Georgia Bankers Association on the list of recipients for announcements about promotions, new employees and special recognition your bank has received. We want to share your news with your colleagues across the state. Please forward your announcements and photos to GBA's Lydia Thomas.

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