Aug 1 – Below is a statement from Treasury Secretary Jacob Lew on the nomination of Sarah Bloom Raskin for deputy secretary.
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October 4 – Federal Reserve Governor Sarah Bloom Raskin spoke on the subject of foreclosures at the Maryland State Bar Association Advanced Real Property Institute. Her presentation, on the legal opportunities and challenges in crafting a foreclosure response. “Legal Opportunities and Challenges in Crafting a Foreclosure Response,” follows.
September 26 – Governor Sarah Bloom Raskin of the Federal Reserve addressed the University of Maryland Smith School of Business in Washington, D.C. Her speech focused on monetary policy and job creation.
April 30 – The Conference of State Bank Supervisors applauds President Obama’s nomination of Sarah Bloom Raskin, Commissioner of the Maryland Office of Financial Regulation, to the Federal Reserve Board of Governors. Commissioner Raskin will bring the important pragmatism of a regulator who understands that our economy needs a diverse financial system with local providers and decision makers and a regulatory system that supports those needs.
January 9 – IDC Financial Insights has announced the availability of a new IDC MarketScape report, Worldwide Core Banking Solutions 2015 Vendor Assessment of Regional Providers for North American Banks (Doc #FI253357), which provides valuable guidance when examining existing core banking solutions and/or planning for future investment opportunities.
October 13 – The heads of the treasuries and leading financial regulatory bodies in the United States and United Kingdom recently participated in an exercise designed to further the understanding, communication, and cooperation between U.S. and U.K. authorities in the event of the failure and resolution of a global systemically important bank, or G-SIB.
September 22 – Fortress Risk Management, a provider of advanced technology and services that defend community financial institutions from financial crime, has entered into a strategic partnership with Data Center Inc. to provide integrated financial crime protection solutions. DCI is the Hutchinson, Kan.-based developer of iCore360® core processing software and related technologies.
July 18 – The Independent Community Bankers of America has applauded the Senate for approving legislation that would require the White House to appoint someone with community banking experience to the Federal Reserve Board. An ICBA-advocated amendment offered by Sen. David Vitter (R-La.) to legislation reauthorizing the Terrorism Risk Insurance Act (S. 2244) would require at least one member of the Fed board to have experience as a community banker or community bank supervisor.
April 28 – DC Financial Insights has announced a new report, Business Strategy: Results from the 2014 Consumer Payments Survey (Doc #FI247805), which polled U.S. consumers in regard to emerging payment methods and technologies. According to the report, after several years of growth in the use of emerging payment methods like prepaid cards and mobile payments, the new survey saw a small decline in online bill payment as well as both network-branded and store-branded gift cards. Mobile payments saw an increase, but it was small compared with recent trends.
One more chance is all President Barack Obama likely has to nominate a Federal Reserve governor with ties to community banking. This is being pushed by a group of state bankers associations and would be a good thing. There are three vacancies on the board, soon to be four if Sarah Bloom Raskin is confirmed as Deputy Treasury Secretary. Nominees for two vacant seats were announced recently, and the soonest anyone would leave the board after serving out his term would be Gov. Jeremy Stein in 2018. Gov. Jerome Powell has been nominated to a second term, which, with Raskin’s exit, would still leave one vacancy.