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All words and phrases in blue in this newsletter are links to more information!
 Regulatory Burden Relief Moving Forward - H.R. 3505, the Financial Services Regulatory Relief Act of 2005, provides some meaningful relief to all in the financial services sector, with specific relief targeted to community banks. Action in the House is expected this Fall. The credit union industry is attempting to add some of their pet issues to this bill, and we of course are less-than-pleased with that development. IBAT has relayed our strong feelings on this issue to all of the members of the House Financial Services Committee. If you are a constituent of one of the Texas members of this committee (Hensarling, Neugebauer, Paul, Hinojosa, Al Green) it would be helpful for you to reinforce this position. Click here to read our comment letter.
| FROM THE IBAT LEGAL DEPARTMENT |
On Tuesday we sent out a Special Compliance Bulletin about the lawsuit in state district court attacking the interpretive rulings issued by the Finance Commission and the Credit Union Commission that left home equity lending in a state of flux. Today the Finance Commission unanimously passed a resolution to file a request for reconsideration, file an appeal, seek a stay of enforcement, and pursue any other legal means available to keep the interpretive rules in effect until all appeals have been exhausted. In the meantime, we suggest you follow the suggestions in the Special Compliance Bulletin regarding home equity lending.
| LEGAL EASE QUESTION OF THE WEEK |
 We want to offer an incentive for a new account program but don't want it to be a "bonus" under Reg DD or reportable to IRS. What are our limits? To find out the answer, click on the flashing question mark. You can also check out our growing database of other Q&As!
 You may still sign up for our 31st Annual Convention, November 29 - December 1 at the Gaylord Texan Resort in G rapevine. You can find the new information on our web site. Note: The cutoff for hotel reservations is now October 28. If you were previously registered and have not yet faxed us your re-confirmation, please do so at your earliest convenience.
Here is this week's newsletter from The Baker Group. 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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BOOKS TO  OUT |
Are you looking for a self paced educational program for your employees? Check out BanKnology - The Fundamentals of Lending, a self-paced, comprehensive, training program that provides a thorough understanding of the fundamentals of lending.
27.3 million Americans have been impacted by identity theft in the past 5 years. Deluxe ID TheftBlock gives consumers a proactive way to guard against identity theft. The service is offered as part of the check ordering process at a critical consumer touch point. Yet it requires minimal action from your financial institution and provides protection and peace of mind to your consumers on your behalf. Click here for more information. RESPA and Regulation Z Compliance Seminars - IBAT and Professional Bank Services offer this full-day seminar that covers all major aspects of compliance with the Real Estate Settlement Procedures Act and Regulation Z. The seminar will be offered in Lubbock, San Antonio, Waco and Irving in December. For more information or to register, click here.
 If you haven't already done so, please give us your input on our magazine. The survey should only take a couple minutes to complete, but we need your response by Tuesday, October 25. Thanks!
 Here are a few upcoming IBAT events you might not want to miss. For a complete listing, click here.
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| November 4 |
Texas Tech Ag Credit Conference |
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Employee Benefit Survey Webcast |
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RESPA and Regulation Z Compliance | |
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