July 24 – The Electronic Payments Association President and CEO Janet O. Estep has been named as a member of the steering committee of the Federal Reserve’s Faster Payments Task Force.
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July 3 – Federal Reserve Chair Janet L. Yellen addressed monetary policy and financial stability at the 2014 Michel Camdessus Central Banking Lecture, International Monetary Fund, Washington, D.C. Below are her comments.
Aug 1 – Financial Services Committee Ranking Member Maxine Waters, joined by 37 of her fellow Democrats, delivered a letter urging President Obama to nominate Janet Yellen, current vice chairman of the Board of Governors of the Federal Reserve System, to replace Ben Bernanke as chairman of the Federal Reserve when his term expires.
October 21 – Federal Reserve Vice Chair Janet L. Yellen gave a presentation titled, “The Outlook for the U.S. Economy and Economic Policy” at the Annual Meeting of the Financial Management Association International. Her comments follow:
June 19 — In view of realized and expected labor market conditions and inflation, the Federal Open Market Committee at its meeting last week decided to raise the target range for the federal funds rate to 1 to 1.25 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation, the FOMC said.
June 19 – The Financial Solutions Lab (FinLab) at the Center for Financial Services Innovation (CFSI) with founding Lab partner JPMorgan Chase & Co. have announced eight financial services innovators as the winners of its third competition, aimed at identifying solutions that can help Americans improve their financial health. Each winner will receive $250,000 in capital and additional resources to test, enhance and scale their products, many of which are designed to address the needs of often overlooked populations, such as people of color, low-income women, aging Americans, and individuals with disabilities.
March 31 – Western Independent Bankers (WIB) has announced recipients of the 2017 Community Bank and Community Banker awards to Montecito Bank & Trust (MB&T) and Mark Francis, President and CEO of Golden Valley Bank, respectively. The announcement was made in front of hundreds of attendees at WIB’s Annual Conference for Bank Presidents, Senior Officers, and Directors. Award recipients were honored for their enduring impact on local communities, exceptional bank performance, and demonstrated industry innovation.
March 20 – NACHA—The Electronic Payments Association will introduce the Faster Payments Experience — a consummate educational opportunity encompassing sessions and solutions that focus on real-time, same-day and other faster payments initiatives — at PAYMENTS 2017, the premier event for the payments industry that will take place April 23-26 in Austin, Texas.
February 14 – NACHA—The Electronic Payments Association has announced the election of new officers to its Board of Directors. The Board oversees the governance and administration of NACHA and addresses topics of strategic significance to the ACH Network. It consists of 19 directors representing a diverse set of depository financial institutions of all sizes and types that use and support the ACH Network.
Bankers are encouraged by news from Washington.
By Bill Poquette
This could be an exciting year for all who long for regulatory relief for community banks. Hopes are high and certainly the stars are aligned as well as they ever will be. Following the Republican sweep in the November elections, several developments during President Trump’s transition to office and since the inauguration may serve to heighten the anticipation.