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Bank Life Insurance Sales: Issues, Challenges & Opportunities
This presentation explains bank life insurance sales issues, challenges & opportunities.
Banks in Insurance: A Five-Year Retrospective Since the Passage of GLB
Five years ago, the passage of Graham-Leach-Bliley GLB broke down the walls separating banking and a myriad of other financial services. Financial banks have made great strides in entering the insurance distribution system since the passage of GLB. This five-year retrospective article provides evidence that supports that banks have in...
The Impact of the Federal Reserve Board's Proposed Revisions to HOEPA on the Number and Characteristics of HOEPA Loans
The following report utilizes information from a large population of mortgage loans originated or purchased by the subprime divisions of nine major national lenders to assess the impact of the Board's proposal on the number of loans covered by HOEPA. We also provide information on the types of loans and...
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As Credit Card Companies Cut-Off Consumers, MyECheck Gains in Popularity
MyECheck Inc. (OTCBB: MYEC), anelectronic transaction processor and provider of alternative paymentsolutions, is growing in popularity with online retailers and serviceproviders who are looking for payment options other than credit cards. Innovest Strategic Value Advisors, a consulting firm, forecasts that bankswill charge off $18.6 billion worth of credit card receivables...
Clark Consulting Receives ABA's Exclusive Endorsement as Provider of Bank-Owned Life Insurance and Executive and Director Benefits Consulting
DALLAS -- Clark Consulting today announced that it has been awarded the American Bankers Association ABA exclusive endorsement as a top quality provider of bank-owned life insurance BOLI and executive and director benefits consulting services. The ABA's endorsement is awarded by the Corporation for American Banking CAB, a...
NCUA Says It Will Cede Disputed PA. FOM to Bankers
NCUA told a federal court in Pennsylvania last week it will not object to an order recommended by the American Bankers Association to void a disputed community charter issued to three area credit unions the court found lacking in supporting evidence. Under the proposed order, the three credit...
ABA endorses technology solutions from Fiserv
Fiserv Inc., a provider of information technology services to the financial and insurance industries, and the American Bankers Association have announced ABA's endorsement of a range of Fiserv products and services. Among the endorsed Fiserv choices is core account processing, which can be integrated with products and services...
ABA: Most survey respondents went a year without overdrafts
Eight hundred of 1,000 respondents in an annual American Bankers Association survey had not paid overdraft fees during the 12-month period covered by the survey. Sixty-three percent of respondents who reported paying fees had paid for three or fewer overdrafts during the year. More than 70 percent of respondents said...
Michael W. Dosland Joins Bank Mutual Corporation as Senior Vice President-Chief Financial Officer
MILWAUKEE -- Bank Mutual Corporation (NASDAQ: BKMU) today announced the appointment of Michael W. Dosland as Senior Vice President-Chief Financial Officer of the Corporation and its subsidiary Bank Mutual. He will be responsible for the accounting, financial reporting and treasury functions of both entities. Most recently, Mr. Dosland...
In Memoriam ... Daryl D. Barklow
* Daryl D. Barklow died June 3; he was 63. Barklow was chairman and CEO of East Dubuque Savings Bank, and its holding company East Dubuque Bancshares, Inc. Barklow was serving as chairman of SHAZAM at the time of his death. In 1991-92, he was chairman of the Community Bankers...
Consumer credit delinquencies on the rise
Continued stress in the housing market combined with general weakness in the overall economy contributed to an increase in the delinquency rates for home equity lines of credit and bank cards during the first quarter of 2008, according to the American Bankers Association's Consumer Credit Delinquency Bulletin, published in early...
Convention notebook Geiger honored by MBA as Bank Champion
Gary Geiger, CEO of Heritage Bancshares Group Inc., of Willmar, Minn., was honored with the Bank Champion Award presented by the Minnesota Bankers Association. The announcement was made at the association's annual convention in Rochester last month. Geiger was selected because of his "extreme dedication to banking and his...
ABA economists see slowing
The Economic Advisory Committee of the American Bankers Association said on June 17 that the economy will continue to experience slow economic growth this year and into 2009. "Although tax rebates are providing some near-term lift to spending, households will continue to face a multiplicity of negative forces, including energy...
Former ABA leader named to Fed Board
The U.S. Senate confirmed Elizabeth "Betsy" Duke to a Governor's seat on the Federal Reserve Board on June 27. Duke, who in 2004-2005 became the first female to serve as chairman of the American Bankers Association, was nominated by President Bush in May 2007. She is filling a term set...
Gas stations offer discounts for cash
This year, as gas prices surged, Richard Bell mounted a sign in the station he owns: "Attention gas cash customers: FREE 16 oz. fountain drink or 12 oz. coffee with purchase of 10 gallons of gas or more." The goal, says Bell, owner of the Market...
Home equity lines run late
The troubled economy is leaving consumers with increasingly tough decisions about which debts to pay first, and in some cases, which to pay at all. In the latest indication of these pressures, late payments on home-equity lines of credit rose to an 11-year high in the...
Camden National Corporation Listed on Small-Cap Russell 2000 Index and Russell 3000 Index
CAMDEN, Maine -- Camden National Corporation (NASDAQ: CAC; the "Company") was listed on the Small-Cap Russell 2000[R] Index and the Russell 3000[R] Index, reflecting the Company's market capitalization, when the reconstitution of these indexes was published on June 30, 2008 by Russell Investment Group. Russell rebalances the...
Fees are a deterrent
Keeping track of your checking account is easier than ever before: Consumers can access their accounts 24 hours a day, seven days a week -- either in a bank branch, at an ATM, by telephone or Internet and, in some cases, even by cellphone. Even with...
Repossessions on Long Island: Taking it back
Car and boat repossessions are up on Long Island, as consumers stretched too thin by rising food and fuel costs are failing to cover their monthly payments. The good news is, the trend is keeping local repo firms busy. Sal...
Wholesale prices clamber upward
WASHINGTON -- Wholesale prices surged in May as the manufacturing and housing sectors weakened, leaving the economy and Federal Reserve policymakers pinned between sluggish growth and mounting inflation. The Labor Department said Tuesday that producer prices rose 1.4% in May -- the biggest one-month jump since...
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