Hot topics for California's banking industry
Offered by the California Bankers Association, the state's largest
banking trade association
SACRAMENTO - March 7, 2003 - The California Bankers
Association offers the following as possible story angles for
all business and banking writers and reporters in California:
Community Reinvestment Act: Passed in 1977,
this federal regulation directs banks to market products and services
to all potential customers, to ensure service for low- to moderate-income
customers. CRA ratings show that the vast majority of banks meet
or exceed their CRA requirements.
Identity Theft: The banking industry continues
to help consumers through the various challenges of identity theft
prevention and recovery and the demand for this assistance continues
to rise along with the number of identity thefts reported in California.
What can consumers do to protect themselves and their hard-earned
credit histories?
Financial Elder Abuse: With the number of
senior Americans increasing every day, the importance of protecting
our seniors from financial fraudsters also increases. The banking
industry plays an integral role in assisting seniors who may be
victims and stopping fraud before it starts.
USA Patriot Act: With more attention being
focused on money laundering as it relates to terrorism, California's
banks (along with banks across the country) are being asked to
subject their accounts to even more rigorous standards. As the
U.S. determines its actions overseas, questions about money laundering
and what banks are doing to prevent it become more important.
For more information on these and other topics affecting
California's banks and savings institutions, please contact Anissa
Yates, vice president of Communications and Media Relations at
916/441-7377 ext. 208 or ayates@calbankers.com.
