Banking Resources

The following is a list of resources that enable bankers to access pertinent information regarding banking issues.

Consumers To Benefit From Fed’s Sweeping New Credit Card Rules

The new Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 benefits consumers. This is the most important step in an ongoing process that will increase protections and make card terms more predictable and manageable for customers. Consumers will benefit from important new protections in four areas. Click here to read more.

Data Points Fact Sheet The Credit Card Lending Market

The CARD Act of 2009 will greatly improve how consumers use their cards. The regulations announced this week, which go into effect on February 22, 2010, will give credit card customers greater control, protections and predictability. This is one part of a significant legislative effort to reform the credit card industry and grant more benefits and protections to consumers, but this legislation is being enacted against the backdrop of a harsh economic climate which has significant implications for how the new rules will impact both consumers and credit cards companies. Below are some facts to consider when assessing the current cost and availability of credit. Click here to read more.

Testimony of Art Johnson

Testimony of Art Johnson on behalf of the American Bankers Association before the Subcommittee on Oversight and Investigations of the Committee on Financial Services United State House of Representatives. Click here to view the testimony.

Testimony of Doug Chaffin

Testimony of H. Douglas Chaffin on behalf of the Michigan Bankers Association before the Subcommittee on Oversight and Investigations of the Committee on Financial Services United State House of Representatives. Click here to view the testimony.

TV interview with MBA President and CEO, Dennis Koons. View the video.

View MSHDA/HUD Web site.

Chemical Bank Saves Woman from Fraud. Read the article.

View the Talking Points for Opposition of HR 4173.

View the HR 4173 Synopsis.

MBA's Financial Education Gift Ideas

The MBA suggests spreading the holiday cheer with the following money smart gifts. Click here for more information.

Checks: Overdrafts

Consumers click here for more information.

OFIR’s Top Ten Investor Traps

Click here for more information.

Tips for Small Business Owners: Surviving Today’s Financial Crisis

Click here for more information.

Effective Financial Regulatory Reform

Click here for more information.

View the President's white paper on financial regulatory reform.

Frequently Asked Questions on Prepaid Assessments
This information was provided by the FDIC. Click here for more information.

Michigan Secretary of State FAQs on Snowmobile Registration

Click here for FAQs on Snowmobile Registration.

Listen to MBA Past Chairman Doug Chaffin speak about banking and the economy on NPR.

Ten Warning Signs of a Mortgage Modification Scam

Click here for ten warning signs of a mortgage modification scam.

Tips on how to avoid foreclosure rescue scams.
Information you may share with your customers and employees on avoiding foreclosure rescue scams.
Click here for tips on how to avoid foreclosure scams.
Click here to view Michigan Lending & Foreclosure Guide.

Public Private Investment Program for Legacy Loans
Click here for a list of frequently asked questions.

Read why a bank is the safest place for your money.

TARP Update
Click here for more information.

Are My Trust Account Assets Safe?
Click here for more information.

Commerce Web Site Intended to Help Consumers Avoid Forecloses, Find Jobs and Protect Savings
Click here to view the Web site.

Temporary Liquidity Guarantee Program
The FDIC has created this program to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, thrifts, and certain holding companies, and by providing full coverage of non-interest bearing deposit transaction accounts, regardless of dollar amount.
Click here to provide background on the program and to answer any questions you might have.

FAQs Purchases, Mergers and Deposits
Click here for a list of frequently asked questions.

Stabilization Act and my Bank
Click here for more information on the Stabilization Act.

Fannie Mae and Freddie Mac Questions and Answers
Click here for a list of questions and answers on Fannie Mae and Freddie Mac.

2009 Distressed or Underserved Tracts
Click here for the 2009 list of middle-income nonmetropolitan distressed or underserved geographies.

Freddie Mac Presentation on Mortgage Market Conditions in Michigan
Click here for a PowerPoint presentation given May 20, 2008, to the Michigan House Banking Committee by Amy Crews Cutts, deputy chief economist.

Foreclosure Seminar Information
This information is provided to assist member banks with developing seminars or community events to assist homeowners with mortgage issues.

State of the Economy
Click here for State Treasurer Robert Klein's PowerPoint presentation on the state of the economy given at the 2008 Legislators and Lenders Day.

Regulatory Issues
For State chartered banks contact the OFIS (Office of Financial and Insurance Services) Bank & Trust Division (517) 373-6950.

For Federal chartered banks contact the OCC (Office of the Comptroller of the Currency).

Central District (Chicago) - 312-360-8800
Washington D.C. – 202-874-5000

State Banking Laws
Here, you will find bills, acts and other law resources at the Michigan Legislature website www.michiganlegislature.org. At this site, you can search for bills using key words or bill numbers. It contains pending bills, old bills, and public acts for Michigan. Contact Joelle Demand at 517-342-9067 or e-mail if you have questions.

Record Retention
If you have data retention questions the MBA suggests you purchase the MBA Record Retention & Destruction Manual. The purpose of the MBA’s Record Retention Manual is to provide, in a user-friendly format, the record keeping requirements for Michigan banks imposed by the U.S. Congress, Michigan Legislature, and regulatory agencies. It can be ordered by clicking here.

Do Not Call List
For questions about compliance or registration to the Do Not Call list refer to the Federal Trade Commission website www.ftc.gov.

Compliance Questions
For compliance questions Kirchman's website or services may be helpful www.kirchman.com. Another useful website is www.bankersonline.com. This website has answers to numerous questions and offers some free services.