| RECENT NEWS |
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Special Offer Exclusively for IBAT Members from American Banker
Own your very own subscription to the American Banker and the American Banker Texas Online Version!
Between now and the end of the year, IBAT has obtained an introductory rate for new subscribers only at 50% or more off retail subscription rates. Daily delivery of the American Banker can be yours for $475 ($945 retail). A subscription to American Banker would entitle the user to American Banker Online and American Banker Texas Online.
ABTexas (only) can be subscribed for just $99 per year ($295 retail).
Subscribing is easy. Simply call Marion Downes at 212.803.8512, or e-mail her at marion.downes@sourcemedia.com. Just tell her you're an IBAT member and you want the "IBAT deal." At the very least, call her anyway and check out her cool accent! |
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| ON THE HILL |
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Pre-Session Activity
Although the next regular session of the Texas Legislature does not start until January 9, 2007, legislators are already pre-filing bills (as permitted by law). Over 500 are in the hopper so far. IBAT has over a dozen of these in its tracking list! As the activity heats up, IBAT will provide regular Capitol Reports as part of the weekly e-newsletter to keep you informed of developments.
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| FROM THE IBAT LEGAL DEPARTMENT |
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Bad News from the Supreme Court
In the November 13, 2006 edition of this newsletter we provided you with a copy of the Amicus Brief that IBAT filed in the Texas Supreme Court in the case of Citizens Bank of Texas v. Wells Fargo Bank, N.A. To our disappointment, we learned that on December 1, 2006, the Texas Supreme Court refused to hear the writ for review of this case, leaving stand the Court of Appeals decision in favor of Wells Fargo.
As we mentioned in our previous newsletter on this case, IBAT receives calls from members involving kites or other losses, such as a failure to give timely notice of a return of a large item, where a loss has been caused by a mega-bank's failure to follow the rules. In spite of the setback of the Citizens Bank of Texas v. Wells Fargo Bank, N.A. case, IBAT is still interested in learning the details of any similar situations involving losses that our members have incurred as a result of dealing with a mega-bank. We will continue to work with the bank regulators and explore legislative remedies to resolve this unfair treatment of community banks. |
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| LEGAL EASE QUESTION OF THE WEEK |
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Question: What Christmas gift works for picky teenagers?
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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If you saw the answer to this week's Legal Ease Question of the Week, you're probably thinking that your bank should offer gift cards! SWBC has a turn-key program that will let you offer these before Christmas.
To implement a card program for your bank, call Mike Colston at 800.515.3036 or e-mail mcolston@swbc.com.
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| WELCOME NEW ASSOCIATE MEMBER |
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| IBAT EDUCATION FOUNDATION |
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Question: Who discovered that many credit card holders don't understand the basic facts of their cards?
Answer: A study by GAO, Government Accounting Office. The answer is found on the Parents/Adults page, under Articles: "Credit Card Rates and Fees Often Confusing to Customers." |
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| BAKER WEEKLY |
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Bond yields fell sharply again this week...orders for durable goods showed a sharp decline...various readings on the manufacturing sector came in lower than expected...housing market news continued to be generally unpleasant...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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ON THE EDUCATION FRONT |
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Leadership Conference
Save the Date! The 2007 Leadership Conference will be held at the brand new Hyatt Lost Pines Resort, June 14-16. Theme: Leadership Round-Up: Branding Leaders-Texas Style. So, circle the wagons and the family and plan on attending in June.
Winter Summit
Get in Gear for the New Year! Registrations are flying in so don't delay. Hope to see you in Lake Tahoe or on the way!
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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 events for 2007.
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January 28-30, 2007 - South Lake Tahoe, NV |
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March 8-11, 2007 - Maui, HI |
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IBAT Leadership Conference
June 14-16, 2007 - Hyatt Lost Pines Resort |
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IBAT 33rd Annual Convention
September 30 - October 2, 2007 - Fort Worth |
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TechMecca 2007
November 28-29, 2007 - Las Vegas | | |
