BankNews Jan. 2015

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Events Calendar

Jan 2015

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FDIC Announces Official Launch of Regulatory Calendar for Community Banks

Dec 10 – As part of its FDIC Community Banking Initiatives, the FDIC has launched a draft online regulatory calendar to help community banks stay up-to-date on changes in federal banking laws, regulations and supervisory guidance. The FDIC requested feedback from the industry on ways to improve the calendar and has revised it based on a review of the comments received.

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FDIC Announces Regulatory Calendar for Community Banks

July 27 – As a part of its ongoing Community Bank Initiatives, the FDIC is developing a regulatory calendar to help community banks stay up-to-date on changes in federal banking laws, regulations and supervisory guidance. The calendar will summarize regulatory developments and highlight key dates to facilitate industry comment and compliance. A draft of the calendar is available on the FDIC website.

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Mark Your Calendars: Teach Children to Save Day, April 21

March 16 – This year the ABA Education Foundation is calling on bankers to accept the Million Child Challenge and reach 1 million students with a Teach Children to Save lesson. Teach Children to Save Day is set for April 21, but bankers can participate throughout 2009 to be included in the Million Child Challenge.  Later in April, the foundation will announce a way consumers can join the challenge online.

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Treasury makes adjustments to the auction calendar

Oct 6 – To address the increased funding needs posed by the Emergency Economic Stabilization Act and consistent with our operating principle of transparency, Treasury is announcing that it will be making adjustments to the auction calendar.

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Money20/20

When: October 25-28, 2015
Where: The Venetian, Las Vegas

Money20/20 organizes the largest global events enabling payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 10,000+ attendees, including more than 1,000 CEOs, from over 3,000 companies and 75 countries, expected at its 2015 U.S. event, Money20/20 is critical to realizing the vision of disruptive ways in which consumers and businesses manage, spend and borrow money.

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City National Corporation Announces Definitive Agreement to be Acquired by Royal Bank of Canada

January 22 – City National Corporation and Royal Bank of Canada have announced a definitive agreement by which Royal Bank of Canada will acquire all outstanding shares of City National Corp. Total consideration is valued at approximately $5.4 billion at announcement, or approximately $93.80 per City National share, comprised of a mix of cash and common stock, based on RBC’s closing stock price on January 21, 2015. The agreement has been approved by the boards of both companies.

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GSA SmartPay Program Begins Roll Out of Secure, Chip & PIN Charge Cards

January 22 – The U.S. General Services Administration’s (GSA) SmartPayⓇ Program will begin issuing Chip & PIN enabled charge cards in January.  The roll out of these cards with enhanced security features is a result of an Executive Order for Improving the Security of Consumer Financial Transactions, signed by the President on October 17, 2014.

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EGRPRA Outreach Meeting

When: Feb. 4
Where: Federal Reserve Bank of Dallas
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Commitment to Success

When: April 30
Where: Dallas
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