If this page doesn't display properly in your email, click here. December 12, 2012
New Jersey Bankers Association
Legislative Update
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Jay Ford Re-Elected to FHLBNY Board of Directors

Jay M. Ford, president and CEO of Crest Savings Bank, was re-elected by the FHLBNY’s New Jersey members on December 6, 2012 to serve on the FHLBNY’s Board as a Member Director representing New Jersey for a term of office commencing on January 1, 2013.      Read more

Governor Signs Bill to Expedite Foreclosure Process on Vacant Properties

Last week, Governor Chris Christie inked a bill allowing lenders to file a summary action to foreclose mortgages on vacant and abandoned residential property.

This bill was strongly supported by NJBankers and a broad coalition of groups ranging from New Jersey Citizen Action, the New Jersey League of Municipalities to the NJ Association of Realtors.  It also received strong editorial support from the Star Ledger.    
Read more

NJBankers Meets with Education Foundation Scholarship Recipients

The Foundation was created in 2005 with the purpose of assisting dependents of service members that had given their lives in service to our country in the post 9-11 Afghanistan and Iraq conflicts.  Subsequently, the Foundation purpose was expanded to assist dependents of those service members disabled in these conflicts. Read more

Agencies Seek Comments on BSA Definitions

The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve  are seeking comments on a proposal to amend the definitions of "funds transfer" and "transmittal of funds" under the regulations implementing the Bank Secrecy Act.  Comments on the proposed rule are due January 25, 2013.   Read more

FDIC Launches Regulatory Calendar for Community Banks

The regulatory calendar is designed to help community banks stay up-to-date on changes in federal banking laws, regulations, and supervisory guidance. The calendar includes notices of proposed, interim, and final rulemakings; supervisory guidance issued by the FDIC and FFIEC; and joint issuances with other regulators.   Read more

 Member Poll
What is the likilhood of the U.S. going over the 'fiscal cliff?'

Click here to take the poll.

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Fed Reminder Provides Procedures for Disposal of Contaminated Currency

The Federal Reserve (Fed) is reminding financial institutions regarding the disposal of contaminated currency. Contaminated currency is currency that has been damaged by or exposed to contaminants, poses a health hazard or safety risk, and cannot be processed under normal operating procedures. Importantly, the term “contaminated currency” does not apply to currency that has been exposed to a bio-terrorist agent.

The Fed advises that financial institutions obtain as much information as possible from their customer regarding the type and extent of the contamination before contacting the local Fed Cash office to deposit the contaminated currency.    Read more

Tell Your Bank's Story Through the 2012 Community Service Award Program

NJBankers wants to give your bank the opportunity to get the recognition it deserves for its community service initiatives.  The Community Service Award program highlights the significant impact New Jersey banks have on their local communities.  Without your help, we cannot tell our story.

We know that you are a vital part of the communities you serve.  We get your press releases and see your community initiatives in the media all the time.  But your participation in this program solidifies all you do in the communities you serve by highlighting your activities and giving you the opportunity to show it off. 

The January deadline is approaching. Please submit your entries as soon as possible.      Read more

Join Us for New Jersey's Most Important Economic Conference

Friday, January 11, 2013
The Palace at Somerset Park, Somerset, NJ

Join the New Jersey Bankers Association and the state’s most important business leaders as we lay out and discuss the vital issues affecting the Garden State.  An impressive and dynamic group of speakers will gather once again to give a benchmark for New Jersey’s economic outlook in 2013.  Presenters will touch on New Jersey’s most important business sectors at this year’s New Jersey Economic Leadership Forum – the most far-reaching conference on the issues that shape our state.  Kick off the New Year with economic insiders who will give insight to the region’s financial future.   Read more

FEMA Adds Flood Insurance Webinars

FEMA advised they have added two more webinar sessions covering a number of issues arising from Superstorm Sandy.   The new dates are December 17 and December 19.   Early registration is advised, as previous sessions sold out quickly.   Read more

Allstate New Jersey Holding Fourth Quarter 2012 Promotion

Allstate NJ is currently running it's 4th quarter promotion providing NJBankers members and associate members a unique value proposition.  For each quote for auto insurance received between October 15 and December 28, 2012, Endorsed Service Provider Allstate NJ will reward the member employee with a $20 gas card.  For each referral, receive a $10 gas card.  In addition, if you are an existing Allstate Auto Customer, you are now eligible for a $75 credit toward your next renewal.  The promotion runs from October 15 to December 28, 2012 with Grand Prizes of a Kindle Fire or $200 Gift Card.     Read more

E-Advertising with NJBankers Makes $en$e

The NJBankers Bulletin reaches over 5,000 subscribers in each weekly issue.   Read more

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