A new bill, SB 233, enacts the Fair Debt Buying Practices Act to regulate the activities of purchasers of charged-off consumer debt. The bill targets persons or entities that are regularly engaged in the business of purchasing such debt for collection purposes. Banks generally would not be covered by the bill unless they get into the business.
AB 212 makes a slight change to the state’s law that governs when holders such as banks must submit property to the State Controller’s Office. Currently, the reporting threshold for the value of traveler’s checks, money orders, and intangible property is $50. AB 212 reduces the threshold to $25. See CBA’s Regulatory Compliance Bulletin attached, prepared by Ted Kitada of Wells Fargo Bank.
Join executives from Equais Alliance on Tuesday, Oct. 1, 2:00 – 3:00 p.m. ET
During this time of the year, many bankers and board members are faced with evaluating compensation plans for 2014. Attracting and retaining key officers continues to be a priority for bankers to grow shareholder value and gain a competitive advantage.
CBA’s 2013 Compensation and Benefits Benchmark Survey is now available to order.
The most useful and beneficial tool available to research all forms of compensation provides base salary, incentive and commission compensation data for 129 job classifications, as well as directors’ compensation information, human resources practices, comparative healthcare cost information and employee benefits summary statistics. Click here to download a copy of the Compensation and Benefits Benchmark Survey order form.
This workshop is one of the most popular offered by CBA during the past few years. It takes key financial principles back to the basics to provide bankers with the tools they need to be conversationally competent when interacting with business clients, prospects and senior lenders. As such it is a great training ground for a wide variety of bankers, who either directly or indirectly are engaged in the small business or commercial lending process.
During the past three years, the Dodd-Frank Act has increased the board’s responsibility for overseeing management decisions and protecting shareholder value. An ambitious agenda of government regulation is now being implemented. Directors must be fully prepared for the challenges the future holds. Good corporate governance is more important than ever to address new requirements and responsibilities.