April 29, 2002 News Archive

2001 De Novo Peer Data Now Available
The customized De Novo peer data (PDF) is more useful than standard Uniform Bank Performance Report data because the Custom Peer data provides regulators and bankers additional detail by which to judge the relative performance of de novo banks. In particular, the de novo banks are grouped by year of origination and they are not arbitrarily excluded as they mature (beyond three years in age) or grow in asset size (beyond $50 million). If you have questions about future de novo banking conferences or obtaining Custom De Novo Bank Peer data, you may contact Examiner Marc A. Papa at (312) 322-4364.

Consumers and Credit Disclosures: Credit Cards and Credit Insurance
An article(PDF) in the Federal Reserve Bulletin discusses the results of two recent consumer surveys initiated by the Federal Reserve Board on credit disclosure matters. The surveys focused on consumers' use of credit cards and credit insurance.

House Committee Approves Legislation on Corporate Disclosure and Accounting Reform
The House Financial Services Committee overwhelmingly approved legislation to increase corporate responsibility, reform accounting oversight, and increase corporate disclosure. The Corporate and Auditing Accountability, Responsibility and Transparency Act or CARTA is intended to ensure auditor independence through new firewalls and a public oversight board for accounting of publicly traded companies and to strengthen the Securities and Exchange Commission. Highlights of the bill are in the press release issued April 16, 2002.