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04/21/2014

CFPB Releases TILA-RESPA Disclosure Guide

ICBA NewsWatch Today 04/21/2014

Community Banking MonthICBA: Community Banks Help Customers Build Financial StabilityCommunity banks serve as financial first responders by supporting financially literate customers, ICBA said in a national Community Banking Month news release that community bankers can customize for their communities. The customizable news release is part of ICBA’s Marketing and Communications Toolkit, which offers resources to help community bankers celebrate Community Banking Month throughout April. Community bankers also can celebrate Community Banking Month by tweeting with the #BankLocally hashtag and sharing their photos with ICBA on Facebook. Additionally, community bankers coming to the nation’s capital for the Washington Policy Summit can enter a social media contest. Community bankers who tweet ICBA a photo of themselves and a #BankLocally Metro ad will be entered for one of five $50 gift cards. Read ICBA Release. Access Customizable Release. AdvocacyReach Congress via Social Media During Washington Policy SummitCommunity bankers who can’t make it to this month’s ICBA Washington Policy Summit can still participate via ICBA’s grassroots Twitter map. The map makes it easy for community bankers to tweet their members of Congress on the industry’s top issues. To participate, find your state on the map, click the names of your members of Congress, and customize and tweet your message from the pop-up window. Additionally, Washington Policy Summit attendees can use the map to quickly and easily find their lawmakers’ Twitter handles during the event. View the Twitter Map. RegulationCFPB Releases TILA-RESPA Disclosure GuideThe Consumer Financial Protection Bureau released a guide to completing TILA-RESPA integrated disclosure forms. The guide complements the recently released Small Entity Compliance Guide and highlights common situations that may arise when completing the forms. The TILA-RESPA rule, issued in November 2013, is effective Aug. 1, 2015. Access the Guide. Deposit InsuranceFDIC Hosting Free Deposit-Insurance SeminarsThe FDIC scheduled 12 free seminars on deposit-insurance coverage for bank officers and employees between May 6 and Dec. 4. The agency announced it is hosting four sessions each on the fundamentals of deposit insurance coverage, coverage for revocable trust accounts, and advanced topics in deposit insurance coverage. Each seminar also will be followed by a question-and-answer period with FDIC subject matter experts. Read More from FDIC.ICBA NewsWatch Today is sponsored by NACHA:With nearly 1,200 members listening to what’s being said about them on social media, ICBA announced the expansion of its premier social media monitoring tool—the ICBA Social Media Monitor, sponsored by NACHA. Participating community bankers can now search up to five keywords, allowing ICBA member banks to find even more mentions of their banks from consumers, media and policymakers!  Current participants interested in adding or changing keywords can email monitor@community-bankers.com. Please include your bank name, email contact info, and list of new keywords and phrases to monitor. New participants can set up their preferences at www.icba.org/webmonitor or read frequently asked questions about the program.PaymentsFed Seeking Feedback on Payments FraudThe Federal Reserve Banks are seeking feedback on a payments fraud survey of financial institutions and businesses. The online survey is designed to help the reserve banks better understand new or continuing challenges with payments fraud and methods financial institutions use to reduce fraud risk. Feedback will be publicly shared as aggregate, summary-level data. The survey is scheduled to close on May 9. Take the Survey. PollTake This Week’s Quick PollTake this week’s Quick Poll on Community Banking Month activities, and view results from the previous poll on community bank congressional open houses. View the Archive.EducationICBA Audio Call: The Role of Directors in ComplianceCommunity bank directors are expected to know about a multitude of regulations. An ICBA audio conference scheduled for 11 a.m. (Eastern time) tomorrow will focus on approaches and structures community bankers can use to clarify to directors what is expected of them so they can meet their obligations and play a useful role in the institution’s compliance function. Register Online.Products and ServicesWebinar: Growing Through More Effective Loan and Relationship PricingProfitStars, an ICBA Preferred Service Provider, will discuss how to retain profitable customers and maximize the total relationship in a webinar slated for 2 p.m. (Eastern time) this Thursday. The webinar will feature how easy it can be to know the ROI on every loan, calculate the profitability of each loan, determine how low a rate will still earn returns, how to price for credit risk and more. Register Now.Products and ServicesLearn More about Cloud Computing with Free WebinarICBA Strategic Technology Solutions is holding its latest webinar on cloud computing at 1 p.m. (Eastern time) this Wednesday. “Cloud Computing 201—Intermediate Cloud Computing” will feature how cloud computing can resolve complex budgeting and licensing issues and reduce capital expenditures. Register Today.

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