The summary of a topic discussion would go here.
California Bankers Association, in conjunction with Pearl Meyer, conducted an additional survey, the 2015 Bank Director Compensation and Governance Practices Survey in July 2015.
This survey provides clear and definitive information on Bank Board of Directors’ compensation and governance practices. Specific topics include:
FinovateFall 2016 is returning to New York City on September 8 and 9, when more than 70 handpicked companies will take the stage at the Hilton Midtown to demo their latest financial and banking technology innovations.
On October 18 & 19, the third annual West Coast event will showcase the latest in fintech tools, technologies, APIs, platforms, case studies, and tutorials. Top software engineers and CTOs, technology architects and evangelists from these 50+ organizations will share their work and insights in 15-minute TED-style presentations with code, slides and live demos. If you love the “tech” in fintech, FinDEVr is the place to be.
FinDEVr Silicon Valley 2016 Presenting Companies:
Federal legislation, the Community Lending Enhancement and Regulatory Relief (CLEAR) Act, has been introduced in the Senate and the House that would relieve regulatory burdens on community banks. Sens. Jerry Moran (R-KS), Jon Tester (D-MT), and Mark Kirk (R-IL) have introduced S. 1349 in the Senate, and Rep. Blaine Luetkemeyer (R-MO) has introduced H.R. 1750 in the House. The CLEAR Act is part of a sincere effort underway in Congress to address community banks’ concerns with growing regulatory burdens.
Regulators ensure that the banks they supervise comply with all rules and regulations by having examiners visit banks on a regular basis to review their books. Although the details vary by the size and complexity of the institution, a bank “examination” consists of a detailed scrutiny of bank assets, liabilities, income and expenses. The exam process is designed to confirm that the bank is safe and sound, maintains accurate financial statements, and is properly following all applicable laws and regulations.
Commercial banks play a major role in offering customized mortgages and consumer loans tailored to fit the unique characteristic of borrowers within their communities. Banks also are oftentimes the sole financial service provider in many of our nation’s smallest rural small towns. However, the compliance burdens and risks imposed by several requirements of the Dodd-Frank Act (DFA) and implementing regulations, particularly in the area of mortgage credit, have had negative impacts on banks, their customers and the housing market.
CBA President and CEO Rodney Brown provides commentary on the fifth anniversary of the Dodd-Frank Act – a sweeping overhaul of the nation’s financial regulatory system - in the Contra Costa Times.