United States federal banking legislation

RiskExec's Breakout Year in 2020

Retrieved on: 
Monday, March 1, 2021

Over the course of the year, RiskExec platform users expanded by over 30%.

Key Points: 
  • Over the course of the year, RiskExec platform users expanded by over 30%.
  • The nearly 800 active users represent:
    In 2020, RiskExec processed 40% of the nationwide HMDA loan application records in its HMDA/CRA module, providing executive and regulatory reporting for the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), and fair lending compliance requirements.
  • Loan servicing practices are becoming ever more critical in the world of COVID-19 loan forbearance and modification.
  • RiskExec customers are now able to construct Peer PPP Groups based on geographies and analyze their own data against peers.

Notice of Ericsson's Annual General Meeting 2021

Retrieved on: 
Tuesday, February 23, 2021

The resolution of the Annual General Meeting on implementation of the program according to item 16.1 above requires that more than half of the votes cast at the Annual General Meeting approve the proposal.

Key Points: 
  • The resolution of the Annual General Meeting on implementation of the program according to item 16.1 above requires that more than half of the votes cast at the Annual General Meeting approve the proposal.
  • The Annual General Meeting 2020 resolved to secure the Company's undertakings under the program through equity swap agreements with a third party.
  • The Annual General Meeting's resolution on transfer of treasury stock according to item 17 a) above requires that shareholders representing at least nine-tenths of the votes cast as well as the shares represented at the Annual General Meeting approve the proposal and the Annual General Meeting's resolution on transfer of treasury stock according to item 17 b) above requires that shareholders representing at least two-thirds of the votes cast as well as the shares represented at the Annual General Meeting approve the proposal.
  • The resolution of the Annual General Meeting on a transfer of treasury stock requires that shareholders holding at least two-thirds of the votes cast as well as the shares represented at the Annual General Meeting approve the proposal.

Notice of Ericsson's Annual General Meeting 2021

Retrieved on: 
Tuesday, February 23, 2021

The resolution of the Annual General Meeting on implementation of the program according to item 16.1 above requires that more than half of the votes cast at the Annual General Meeting approve the proposal.

Key Points: 
  • The resolution of the Annual General Meeting on implementation of the program according to item 16.1 above requires that more than half of the votes cast at the Annual General Meeting approve the proposal.
  • The Annual General Meeting 2020 resolved to secure the Company's undertakings under the program through equity swap agreements with a third party.
  • The Annual General Meeting's resolution on transfer of treasury stock according to item 17 a) above requires that shareholders representing at least nine-tenths of the votes cast as well as the shares represented at the Annual General Meeting approve the proposal and the Annual General Meeting's resolution on transfer of treasury stock according to item 17 b) above requires that shareholders representing at least two-thirds of the votes cast as well as the shares represented at the Annual General Meeting approve the proposal.
  • The resolution of the Annual General Meeting on a transfer of treasury stock requires that shareholders holding at least two-thirds of the votes cast as well as the shares represented at the Annual General Meeting approve the proposal.

Santander Bank’s Community Reinvestment Act (CRA) Rating Upgraded to “Outstanding” by the OCC

Retrieved on: 
Friday, February 19, 2021

(Santander or Bank) today announced that it has earned an upgraded Community Reinvestment Act (CRA) overall rating of Outstanding from the Office of the Comptroller of the Currency (OCC) for the 2017 2019 CRA performance exam period, including receiving the highest possible rating on the Lending and Investment tests, and a High Satisfactory rating for Service.

Key Points: 
  • (Santander or Bank) today announced that it has earned an upgraded Community Reinvestment Act (CRA) overall rating of Outstanding from the Office of the Comptroller of the Currency (OCC) for the 2017 2019 CRA performance exam period, including receiving the highest possible rating on the Lending and Investment tests, and a High Satisfactory rating for Service.
  • Santander also received Outstanding region-specific ratings in the major metropolitan areas of Boston, Greater Providence, Hartford, New York/New Jersey and Philadelphia.
  • Santander will place the performance evaluation in the Banks public file by March 20, 2021.
  • Of the many operational improvements that Santander has made in recent years, receiving an Outstanding assessment of our Community Reinvestment Act efforts is particularly meaningful, said Santander US CEO Tim Wennes.

United States Bill Pay Market Report 2021: Can Financial Institutions Win Back Payers?

Retrieved on: 
Friday, February 12, 2021

DUBLIN, Feb. 12, 2021 /PRNewswire/ -- The "U.S. Bill Pay Market: Can Financial Institutions Win Back Payers?"

Key Points: 
  • DUBLIN, Feb. 12, 2021 /PRNewswire/ -- The "U.S. Bill Pay Market: Can Financial Institutions Win Back Payers?"
  • With improved technology for financial institutions, there is an opportunity to bring consumer bill payers back and provide enhanced convenience through a single, consolidated tool.
  • Highlights of the report include:
    Estimates and forecast for bill pay activity by paper, card and other electronic methods
    "More modern options for bank bill pay that include better notifications and payment choice will help to bring consumers back to financial institutions' bill pay platforms.
  • Bill pay is a critical component to securing consumers' preferred financial institution status.

TransUnion Analysis Finds Synthetic Fraud Dropping During Pandemic, But New Research Forecasts Future Rise

Retrieved on: 
Tuesday, February 9, 2021

Despite the recent drop in synthetic fraud at financial institutions, a new TransUnion-sponsored Aite Group report finds the cost of synthetic fraud will rise in the coming years.

Key Points: 
  • Despite the recent drop in synthetic fraud at financial institutions, a new TransUnion-sponsored Aite Group report finds the cost of synthetic fraud will rise in the coming years.
  • To continue helping businesses combat synthetic fraud, TransUnion has added a non-credit synthetic fraud algorithm to its synthetic fraud services, which historically relied heavily on Fair Credit Reporting Act (FCRA) regulated credit data.
  • The TransUnion TruValidate synthetic fraud solutions include both Fair Credit Reporting Act (FCRA) and now Gramm-Leach-Bliley Act (GLBA) compliant models.
  • The TransUnion synthetic fraud solutions are part of its flagship identity proofing, risk-based authentication and fraud analytics solution suite TransUnion TruValidate .

AvalonBay Communities, Inc. Declares First Quarter 2021 Dividends

Retrieved on: 
Wednesday, February 3, 2021

AvalonBay Communities, Inc. (NYSE:AVB) announced today that its Board of Directors declared a cash dividend on the Companys Common Stock (par value $0.01 per share) for the first quarter of 2021.

Key Points: 
  • AvalonBay Communities, Inc. (NYSE:AVB) announced today that its Board of Directors declared a cash dividend on the Companys Common Stock (par value $0.01 per share) for the first quarter of 2021.
  • The Common Stock dividend is $1.59 per share and is payable April 15, 2021 to all Common Stockholders of Record as of March 31, 2021.
  • More information may be found on the Companys website at http://www.avalonbay.com .
  • Copyright 2021 AvalonBay Communities, Inc. All Rights Reserved
    View source version on businesswire.com: https://www.businesswire.com/news/home/20210203005006/en/

FTC Staff Provides Annual Letter to CFPB On 2020 Equal Credit Opportunity Act Activities

Retrieved on: 
Wednesday, February 3, 2021

The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) an annual summary of its activitiesenforcing the Equal Credit Opportunity Act (ECOA).

Key Points: 
  • The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) an annual summary of its activitiesenforcing the Equal Credit Opportunity Act (ECOA).
  • The FTC is responsible for ECOA enforcement and education regarding most non-bank financial service providers.
  • In its summary, FTC staff describes the Commissions work on ECOA-related issues, including activities addressed in enforcement, research, and policy development such as:

    The summary also outlines the Commissions business and consumer education efforts on fair lending issues.

FTC Staff Provides Annual Letter to CFPB On 2020 Equal Credit Opportunity Act Activities

Retrieved on: 
Wednesday, February 3, 2021

The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) an annual summary of its activitiesenforcing the Equal Credit Opportunity Act (ECOA).

Key Points: 
  • The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) an annual summary of its activitiesenforcing the Equal Credit Opportunity Act (ECOA).
  • The FTC is responsible for ECOA enforcement and education regarding most non-bank financial service providers.
  • In its summary, FTC staff describes the Commissions work on ECOA-related issues, including activities addressed in enforcement, research, and policy development such as:

    The summary also outlines the Commissions business and consumer education efforts on fair lending issues.

U.S. Bill Pay Market: Can Financial Institutions Win Back Payers?

Retrieved on: 
Wednesday, January 27, 2021

With improved technology for financial institutions, there is an opportunity to bring consumer bill payers back and provide enhanced convenience through a single, consolidated tool, as covered in a new report from Mercator Advisory Group titled U.S. Bill Pay Market: Can Financial Institutions Win Back Payers?

Key Points: 
  • With improved technology for financial institutions, there is an opportunity to bring consumer bill payers back and provide enhanced convenience through a single, consolidated tool, as covered in a new report from Mercator Advisory Group titled U.S. Bill Pay Market: Can Financial Institutions Win Back Payers?
  • "More modern options for bank bill pay that include better notifications and payment choice will help to bring consumers back to financial institutions' bill pay platforms.
  • Bill pay is a critical component to securing consumers' preferred financial institution status.
  • But I don't expect that consumers will return to their financial institution to pay bills at same level experienced 10 to 15 years ago.