March 20 – Entries are now open for the 2017 BAI Global Innovation Awards. With 13 honors spanning 10 categories, BAI’s Awards celebrate the greatest achievements and innovations in the financial services industry. Nominations will be accepted through Friday, April 28, 2017, with a shortlist of nominations for each category announced by late summer. Winners will be recognized at BAI Beacon 2017 (Oct. 4-5) in Atlanta.
National News - Page 2
March 13 – The Federal Reserve Bank of Atlanta has named Raphael W. Bostic president and CEO, effective June 5. Bostic, age 50, succeeds Dennis Lockhart, who retired from the Atlanta Fed on Feb. 28. The appointment was jointly approved by eligible directors of the Atlanta Fed’s board of directors, all nonbankers by law, and the Board of Governors of the Federal Reserve System in Washington, D.C. Bostic will be the first African-American to lead one of the Fed’s 12 regional banks.
March 13 – Small-business owners are the most optimistic they have been since the start of the Great Recession, according to the latest findings from the Wells Fargo/Gallup Small Business Index, conducted Feb. 6-10.
March 13 – JPMorgan Chase has agreed to acquire MCX’s payments technology to help expand Chase Pay, the mobile and digital wallet for Chase customers. MCX, a network of America’s largest merchants, was the premier launch partner for Chase Pay in October 2015. The transaction is expected to close in the coming weeks.
March 13 – -Regions Bank is the highest-ranked bank in the United States in the newly released 2017 Temkin Experience Ratings. The annual ratings are compiled by the Temkin Group, a national research firm that ranks companies based on customer experience.
Tripwire, Inc., a leading global provider of security and compliance solutions for enterprises and industrial organizations, has announced the results of a study conducted in partnership with Dimensional Research. The study looked at the rise of Industrial Internet of Things (IIoT) deployment in organizations, and to what extent it is expected to cause security problems in 2017.
March 10 – Business executives are reporting their highest level of optimism about prospects for the U.S. economy in more than a dozen years, according to the first-quarter American Institute of CPAs Economic Outlook Survey, which polls CEOs, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles. (more…)
By Toni Lapp
March 9 – Despite recent headlines about health-care reform, immigration bans, the CIA and Wikileaks, regulatory relief remains on President Trump’s agenda, evidenced by his meeting with community bankers from across the country. He later described the meeting in a tweet as a “great listening session.”
The president said he was concerned with the impact of banking regulations on access to credit, and he noted that community banks provide about half of all loans to small businesses.
March 8 – U.S. Reps. Keith Rothfus, R-Pa., and Jim Himes, D-Conn., reintroduced the Federal Savings Association Charter Flexibility Act, supported by the American Bankers Association. The ABA called the bill “the epitome of sensible regulatory relief,” and said it would give greater flexibility to institutions chartered under the Home Owners Loan Act.
According to the ABA, the legislation will allow a federal savings association to elect to function as, and be regulated like, a national bank without having to change charters or governance structure.
March 6 – The National Credit Union Administration has released the new credit union system financial performance figures based on Call Report data for the quarter ending Dec. 31, 2016. (more…)