Freddie J. Bagley, president and CEO of Community Bancshares Inc., and Chuck Nicholson, COO of Community Bancshares, visited the nation’s capital recently to voice their concerns about how current banking proposals could impact the local economy. The visit was part of the American Bankers Association’s annual Government Relations Summit. Bagley and Nicholson met with Senators [...] [...]
Consumer delinquencies fell in seven of 11 loan categories in the third quarter of 2011, with two categories – bank cards and home equity lines of credit — holding virtually steady, the American Bankers Association reports. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, fell 29 basis points to 2.59 percent [...] [...]
For a mid-summer prize fight you can’t get a better card than Wall Street vs. Walmart. At stake is the rate retailers, restaurants, hotels and other sellers of products and services pay banks and credit card companies to allow customers to swipe their debit cards at check out. Unless Congress decides otherwise, the fee drops [...] [...]
The American Bankers Association says legislation introduced in the Senate last Tuesday gives it hope that banks can avoid a pending cut in the fees they receive from merchants on debit card transactions. The so-called Durbin amendment, named after sponsor Sen. Dick Durbin of Illinois, mandates the Federal Reserve’s Board of Governors put a cap [...] [...]
Huey L. Townsend, chairman, president and CEO of Guaranty Bank and Trust Co. in Belzoni, has been elected to serve a three-year term on the board of directors of American Bankers Association. He was elected at the ABA Annual Convention in Boston Oct. 19. Townsend has a lengthy record of service to the banking industry [...] [...]
Huey L. Townsend, president and CEO, Guaranty Bank and Trust Co., Belzoni, has been nominated for the board of directors of the American Bankers Association (ABA). Townsend is the only Mississippi banker to be nominated for a seat on the ABA board. [...]
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