ABA Banking Journal
August 31, 2018

This ABA Banking Journal newsletter is a free, twice-monthly supplement to the ABA Banking Journal magazine intended to help you stay on top of industry and policy news. You can also stay abreast of banking news by visiting aba.com/BankingJournal, home to ABA Daily Newsbytes and other email bulletins.

Industry News
Success is far from certain when it comes to mass marketing your real estate loan products. That’s why targeted and niche marketing campaigns are becoming the standard at many banks for real estate lending. (ABA Banking Journal)
Fifty-one percent of U.S. workers said they were satisfied with their employment in 2017, marking the highest level of job satisfaction since 2005, according to a report by The Conference Board. (The Hill)
Two-thirds of consumers who use nonbank fintech apps are extremely concerned or very concerned about data privacy, according to a recent survey conducted for the Clearing House. However, they were less willing to act on their concerns, with just 22 percent of fintech users saying they would not consent to giving up their credentials, even it if meant they could not use a particular app. (ABA Banking Journal)
Data Center, Inc. (DCI)
To conclude the first season of the ABA Banking Journal Podcast, co-host Evan Sparks tells the story of nine young bankers who changed America, from Alexander Hamilton to Maggie Walker and others. (ABA Banking Journal)
The latest S&P CoreLogic Case-Shiller index shows that home prices are still rising, but at a slower clip than in the recent past. The national index rose 6.2 percent in June compared to a year before. That’s a shade lower than the increase in May, which was slightly lower than in April. (Marketplace)
FDIC-insured banks and savings institutions earned $60.2 billion in the second quarter, a 25.1 percent increase from the industry’s earnings a year before, the FDIC said this month. The agency attributed the growth to higher net operating revenue and the continuing effects of the 2017 tax reform law. (ABA Banking Journal)
ACL Services
White Paper: KRI Basics for Financial Institutions
Key Risk Indicators (KRIs) are essential in providing early warning signals when risks move in a direction that may prevent the achievement of strategic objectives. But a key challenge that remains is where to even get started. This white paper will provide you with a foundational understanding of KRIs, examples of KRIs for banks and credit unions and guide you to getting started with your own KRI program.
Get access now >>
Policy News
The Federal Reserve Board has issued an interim final rule implementing a provision in S. 2155 that raises the asset threshold for relief under the Fed’s small bank holding company policy statement from $1 billion to $3 billion. It also applies to savings and loan holding companies with less than $3 billion in total consolidated assets. (ABA Banking Journal)
The OCC issued a long-anticipated advance notice of proposed rulemaking seeking input on the best ways to modernize Community Reinvestment Act regulations, kicking off what will be a months-long process of modernizing the CRA regulatory framework. (ABA Banking Journal)
Computer Services Inc
Mortgage Guaranty Insurance Corporation
Federal Reserve officials are poised to continue gradually raising interest rates but are monitoring for signs of widespread economic fallout from President Trump’s trade policies, according to minutes from the most recent Fed meeting. (New York Times)
The Senate this week confirmed economist and monetary policy specialist Richard Clarida to serve as Federal Reserve vice chairman. Clarida is currently a global strategic advisor at Pimco, an American investment firm, and previously served as assistant Treasury secretary for economic policy under the George W. Bush administration. (ABA Banking Journal)
Harland Clarke
7 Rules for Killer (and Impactful) KPI Building
Seven best practices for determining which key performance indicators are critical to your financial institution’s success.
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