ABA Banking Journal
February 15, 2019

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.

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Industry News
In honor of Abraham Lincoln’s 210th birthday on Feb. 12, join ABA Banking Journal Podcast co-host Evan Sparks for a bonus episode on Lincoln’s legacy on U.S. banking policy and regulation. (ABA Banking Journal)
 
Americans' optimism about their personal finances has climbed to levels not seen in more than 16 years, with 69 percent now saying they expect to be financially better off "at this time next year," according to a new Gallup poll. (Gallup)
 
European banks are finding it hard to recruit the right people due to new regulations and intense competition from some of their U.S. peers. (CNBC) 
 
Data Center, Inc. (DCI)
FINASTRA
In case you missed it, ABA President and CEO Rob Nichols had quite a lot to say on the topic of core platforms at the ABA Annual Convention back in October. In a respectful and direct manner, he challenged the providers to empower community banks with technology, and importantly, terms of service that are right for this digital age of banking. (ABA Banking Journal)
 
In this interview, Brian McFarlane looks back at the founding and evolution of the Scotiabank Hockey College, a promotion that ended up influencing a generation of Canadian hockey fans to open savings accounts. (WBUR)
 
According to a new report from the Federal Reserve Bank of New York, a record 7 million Americans are 90 days or more behind on their auto loan payments — even more than in the wake of the financial crisis. (Washington Post)
 
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Policy News
Rep. Blaine Luetkemeyer (R-Mo.) has written to Federal Housing Finance Agency Acting Director Joseph Otting requesting information on how the Financial Accounting Standards Board’s current expected credit loss standard will affect Fannie Mae and Freddie Mac. (ABA Banking Journal)
 
This week, leaders of the Senate Banking Committee kicked off a push to write stricter data collection and security standards for financial institutions. (The Hill)
 
In her first public appearance as a member of the Federal Reserve Board, Fed Governor Michelle Bowman spoke to attendees at the ABA Conference for Community Bankers, encouraging bankers to keep the lines of communication open with the regulatory agencies, emphasizing that “clear communication can help us all do our jobs better.” (ABA Banking Journal)
 
Computer Services Inc
Cummins Allison
With the Senate holding a recent confirmation hearing for two nominees to the three-member National Credit Union Administration board, Iowa Bankers Association President and CEO John Sorensen penned an op-ed saying it was a fitting moment to recognize that the agency is “out of touch and needs a new direction.” (Credit Union Journal)
 
In light of the House Financial Services Committee hearing on the challenge of banking marijuana-related businesses, ABA submitted a statement for the record urging Congress to resolve the legal conflict that inhibits banks from serving MRBs operating legally at the state level. (ABA Banking Journal)
 
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Events

 Mar 30-Apr 5, 2019
Compliance School – Foundational 
Tucson, AZ
 
Mar 31-Apr 1, 2019
Mutual Community Bank Forum
Washignton, DC
 
Apr 1-4, 2019
Compliance School – Intermediate
Tucson, AZ

 
 

 

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