BankNews April 2015

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Survey on Mobile Habits Uncovers New Trend: Spying on Spending of Others

July 17 – Do you spy on the spending of others? Thirteen percent of Americans admit to tracking the spending of their parents, children or their significant other via their mobile banking app, and men are more likely than women to keep a watchful eye (16 percent vs. 11 percent). Continue reading “Survey on Mobile Habits Uncovers New Trend: Spying on Spending of Others” »

Federal Home Loan Bank of Seattle Names 2015 Affordable Housing Advisory Council Members

December 3 – The Federal Home Loan Bank of Seattle (Seattle Bank) has announced the appointments of Michelle Griffith of Ketchum, Idaho, and Andrea Davis of Missoula, Montana, to the Seattle Bank’s Affordable Housing Advisory Council (Advisory Council). The bank also reappointed Roy Katsuda of Maui, Hawaii, as the Advisory Council representative from Hawaii. Ms. Griffith, Ms. Davis, and Mr. Katsuda will serve three-year terms beginning January 1, 2015, and ending December 31, 2017.

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CO-OP Financial Services Announces Agreement on Visa EMV Common Debit Solution

April 16 – CO-OP Financial Services has entered an agreement with Visa Inc. to make the Visa EMV common debit solution available to its credit union clients, offering a streamlined and cost-effective approach to debit EMV adoption.

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Bank of the West’s Quick Balance Mobile App Wins Monarch Innovation Award For Most Innovative Product/Feature in Business Banking

April 15 – Bank of the West has announced that its Quick Balance mobile app won the Monarch Innovation Award for Most Innovative 2014 Product/Feature. The award was presented by Barlow Research Associates during a Webcast held earlier today.  The annual award is presented to financial institutions and industry partners in recognition of business to business innovations. 

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Urban Trust Bank Forms Banking Partnership With Seminole Work Opportunity Program

April 15 – Urban Trust Bank (UTB) FSB, a federally chartered, full-service community bank serving Orlando and Jacksonville, Fla., has entered into a banking partnership with Seminole Work Opportunity Program (SWOP). SWOP is a private 501(c)(3) organization that provides vocational, educational, and community-based employment training to adults in Seminole County with developmental disabilities by offering local businesses a variety of services including mail fulfillment, hand assembly, light manufacturing and clerical assembly.

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Agriculture Deputy Secretary Announces Members for Beginning Farmers and Ranchers Committee

Nov 22 – Agriculture Deputy Secretary Krysta Harden has announced the appointment of 20 members to serve on the Secretary’s Advisory Committee on Beginning Farmers and Ranchers during a trip to the University of Delaware. The committee will provide guidance to the Secretary on expanding opportunities that will help beginning farmers and ranchers succeed in agriculture.

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Ranking Member Waters Leads House Democrats in Supporting Janet Yellen for Federal Reserve Chairman

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.

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House Agriculture Committee Approves Rules & Announces Subcommittee Assignments

Members of the House Agriculture Committee have adopted the committee’s rules for the 113th Congress. The committee rules approved maintain the enhanced transparency and accountability standards that were used in the last Congress under House Republican leadership. This includes posting the text of bills online for the public no fewer than 24 hours prior to a business meeting and providing both live and archived webcasts of all hearings and business meetings.

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BankersLab Launches Banc-it Scoring Edition

Jan 18 – BankersLab, one of the first companies to deliver a suite of gamified training products to the retail banking industry, has announced the launch of Banc-it: Scoring Edition – a gamified mobile learning app for Android devices.

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BankersLab Launches CollectionLab

Oct. 18 – BankersLab, the first company to deliver a suite of integrated gamified training products to the retail banking industry, has announced the launch of CollectionLab, a simulation game training product that improves a bank’s ability to optimize delinquent collections.

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