Bank CEOs and Board Members should be aware that the CFPB has initiated public feedback on checking account overdraft practices.
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AABD Executive Director Baris testified in support of the independent review of examination findings. AABD submitted testimony for the February 1 Congressional hearing on H.R. 3461, which creates an independent Ombudsman and independent fact finder.
AABD takes the position that Part 359 does not bar directors from paying for insurance to cover the risk of a civil money penalty or judgment emanating from a federal banking agency action
David Baris, AABD Executive Director, will discuss Controlling Bank Director Risk
The 6th Annual Bank Director Workshop is hosted in Fort Lauderdale, Florida by the National Association of Corporate Directors and the American Association of Bank Directors.