A collection of new banking resources from around the internet:
- Congress Amends ATM Fee Disclosure Requirements – Pending the President’s signature, banks will no longer have to include duplicative signing informing customers of ATM fees going forward.
- Senate Rejects Bill to Extend Transaction Account Guarantee – Based on a Congressional Budget Office report that concluded “that, using recent history, the FDIC and NCUA would underestimate probable losses when setting fees to charge for this additional coverage,” the Senate was unable to overcome a procedural objection to the bill. In the larger context, the bill was killed as part of a senate fight over the filibuster, a battle with credit unions over expansion of business lending, and objection to continued “bailouts,” but looking solely at the official record, the bill failed on the belief of Congress that the FDIC did a lousy job foreseeing the economic crisis.
- FDIC Updates Status of Professional Liability Suits – Despite the FDIC’s inability to foresee the economic crisis, the FDIC continues to pursue litigation against directors and executive officers, having authorized suits against 369 defendants in 2012.
- FDIC Publishes Regulatory Calendar for Community Banks – The online regulatory calendar is intended to help community banks stay up-to-date on changes in federal banking laws, regulations, and supervisory guidance.
- Treasury Announces Results of 5th Round of “Opt-Out” Auctions – Discounts ranged from less than 2% to 35%.