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| FROM THE IBAT LEGAL DEPARTMENT |
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Closed Account Notification System
IBAT, with participation from the Texas Department of Banking (Department), held a teleconference on April 1, 2008, on the Closed Account Notification System (CANS). CANS is a fraud prevention system that was mandated by the Texas Legislature in the 2007 legislative session. More than 700 people participated in the call, which was free for any bank with a location in the state of Texas. Participants were given a legislative history, a review of new Chapter 35 of Title 7 of the Texas Administrative Code, followed by a question and answer session. Judging from the number and type of questions asked, Texas banks are getting up to speed on CANS very quickly.
If you have any issues with registering for CANS, please contact the Department at 877.276.5554. The Department also has resources and FAQs available on its website at www.banking.state.tx.us. Once you are at the Department homepage, just click on Banks and Holding Companies.
If you need personal assistance, IBAT is ready and available to help you with your CANS issues and questions. Just call 800.749.4228 and ask for Deputy General Counsel Shannon Phillips Jr. or email him at sphillips@ibat.org.
FAS 157
IBAT has sent a letter to the SEC requesting emergency guidance in relation to Financial Accounting Standard 157. To read the full text of the letter, click HERE. |
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| APRIL IS COMMUNITY BANKING MONTH |
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IBAT has prepared a press release for you to distrubute to your local media celebrating Community Banking Month. Click HERE to view the release.
And remember, if you have any special celebrations planned to highlight Community Banking Month, e-mail Mae Beth at mbpalone@ibat.org and we’ll highlight your celebration on our website. |
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| WELCOME NEW MEMBERS! |
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Affiliate Members:
Affiliate Member:
Christopher H. Moore, Knobles, Raetzch, Moore & Eveld, LLP, Seguin |
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| 2008 LEADERSHIP CONFERENCE |
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Catch the Wave to Leadership Excellence
June 19-21, 2008
Online registration is open, and we still have sponsorship and exhibit opportunities available.
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| LEGAL EASE QUESTION OF THE WEEK |
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Question: I received a request from the Dept. of Human Services Adult Protective Services Division requesting financial info on one of our customers. She referred me to Chapter 48 of the Human Resources Code, sub 154 on Access to Records or Documents. Do you mind checking that out for me to see if it is legit and whether we need a subpoena or other document to be able to release this information.
To find out the answer, click on the flashing question mark. And you can also check out our searchable database of other frequently asked questions. |
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| SOLUTIONS FROM SERVICES |
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Coy Lewis Company has been IBAT’s human resource consultant and an IBAT Endorsed Service Provider since 1994. Their primary goal is to provide consulting services to Texas financial institutions through salary administration and incentive compensation plan development, organizational studies, policy design and implementation. Coy Lewis Company strives to keep client financial institutions' HR staff appraised of issues that will place an employment risk upon their organization if not handled properly.
Click HERE to view one of their most recent bulletins concerning the Family Medical Leave Act & Americans With Disabilities Act.
For more information contact Coy Lewis at 800.569.3713 or e-mail at coy@coylewis.com. |
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| BAKER WEEKLY |
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U.S. Payrolls Decline 80k in March; Jobless Rate Jumps to 5.1%. Read more in this week's Baker Weekly.
Although this information has been obtained from sources, which we believe to be reliable, we do not guarantee its accuracy. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. |
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COMING SOON |
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For a complete listing of upcoming events, CLICK HERE. Meanwhile, please mark your calendar for some of our key upcoming events.
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April 29-May 1, 2008 - Washington, DC |
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June 19-21, 2008 - Moody Gardens, Galveston |
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September 20-23, 2008 - Hyatt Lost Pines Resort, Austin/Bastrop |
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October 5-10, 2008 - Dallas | | |
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Contact IBAT or if you have comments or questions about this newsletter,
email or call Bonnie Kankel at (800) 749-4228. |
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