Pub. 2 2013 Issue 5

July 2013 17 l e a d i n g a d v o c a t e f o r t h e b a n k i n g i n d u s t r y i n k a n s a s Administration issues “open data rules” – is the FCA listening? On May 9, President Obama signed an Executive Order that will make “vast amounts of America’s data open and easy to access for the first time in history.” This new “Open Data Policy” is intended to increase “government transparency and efficiency . . . while appropri - ately safeguarding privacy, confidentially, and security.” This desire for increased transparency parallels the keen interest Dr. Jill Long Thompson, chairman of the Farm Credit Administration (FCA), has long expressed in increasing government transparency. Now would be an excellent time for Chairman Long Thompson to embrace the new Open Data Policy by directing FCA staff to beginning releasing enforcement orders the FCA issues, just as the banking regulators have long done. Publicizing these orders would hardly violate anyone’s privacy or any confidentiality since FCS institutions are supposed to be accountable to their member/borrowers.  There cannot be FCS accountability if FCA enforcement orders are kept secret. Report FCS lending abuses to: green-acres@ely-co.com When the winds of change start blowing, you better have a warm jacket. Or a good bank. Client: Intrust If recent regulatory changes have affected the services you provide your customers, adapt and persevere by partnering with INTRUST Bank. As the Midwest-based bank with big capabilities, INTRUST Bank is your trusted source for correspondent banking services. Contact any member of our team today, and learn what we can do for you. intrustbank.com Member FDIC I ©2013 INTRUST Bank 800-732-5120 | Bruce Frost 316-383-1418 | Dan Heinz 316-383-1415 | Wes Spohr 316-383-1368 27925_Correspondent_7_5x5_KansasBanker.indd 1 1/7/13 3:36 PM