The FDIC has aggressively asserted in bank director suits that the standard of care is simple negligence even in jurisdictions where many legal practitioners have ... Read More »

Check with management.  Plaintiffs’ counsel are scouring banks’ websites to find purported violations affecting visually impaired customers and mailing out demand letters. Banks are beginning to ... Read More »

Is your board asking the right questions about your sales practices and incentive compensation practices? In response to the Wells publicity, the banking agencies are scrutinizing ... Read More »

AABD is now offering free memberships for bank directors.  Just fill out the form and email or mail the form back to us. Membership benefits are ... Read More »

Almost three years ago, AABD (together with the Independent Community Bankers Association) filed a letter with FDIC Chairman Gruenberg  expressing  concern with the lack of ... Read More »

AABD opposes an FDIC proposal to require bank boards to certify that their banks have “successfully” tested their information technology systems for compliance with new ... Read More »

The federal banking agencies, together with the SEC, Federal Housing Finance Agency, Treasury Department and Credit Union Administration, recently adopted a proposed joint rule implementing ... Read More »

A PRELIMINARY REPORT AMERICAN ASSOCIATION OF BANK DIRECTORS MAY 20, 2016 On February 26, 2016, the OCC adopted new civil money penalty matrices and rescinded the matrix ... Read More »

In an American Banker article this week entitled “It’s Anyone’s Guess How FinCEN Determines Fines”, Bob Serino, AABD’s BSA/AML Issues Advisor and Counsel to BuckleySandler, ... Read More »

MEMORANDUM TO:                 AABD MEMBERS AND FRIENDS FROM:           DAVID BARIS, PRESIDENT AND RICH WHITING                            EXECUTIVE DIRECTOR SUBJECT: ... Read More »