ABA Banking Journal
March 1, 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.

Industry News
What does Tupelo, Miss., have that much larger metropolitan areas, including Atlanta, Phoenix and San Diego, don’t? Tupelo is the smallest city in America to have at least two banks with more than $10 billion in assets call it home: BancorpSouth Bank and Renasant Bank. In this episode of the ABA Banking Journal Podcast, co-host Evan Sparks takes listeners on a trip to America’s tiniest financial hub. (ABA Banking Journal)
 
Consumer confidence increased in February as expectations rebounded following recent months of market volatility and the government shutdown, according to the latest reserach from the Conference Board. (CNBC)
 
The announcement that BB&T will make a $28.2 billion all-stock acquisition of SunTrust Bank—potentially the largest bank merger in a decade—has led to the resurfacing of a common refrain: How should a bank overhaul its legacy core banking system. (Bank Innovation)
 
Data Center, Inc. (DCI)
FINASTRA
For someone who has never had a bank account, a bank can be an intimidating place. To make financial services a little less intimidating, many banks start with youth programs, and have also begun operating branches in high schools, staffed by students. (ABA Banking Journal)
 
Sales of new U.S. homes slipped 0.6 percent in February, a third straight monthly decline. But year to date, sales are up 2.2 percent compared with 2017, in a sign that buyer demand remains solid. (U.S. News & World Report)
 
Is it the drug trade? Petty crime? Low interest rates? Economists don't agree on why there's been a spike of hundred dollar bills out there. This audio report considers some of the reasons for this currency trend. (Marketplace)
 
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Policy News
In a recent op-ed, ABA President and CEO Rob Nichols noted that with cannabis now legal in 33 states and the District of Columbia, an overwhelming number of banks want Congress to take action to address the gap between state and federal law that prevents banks from serving marijuana-related businesses in states that have legalized the drug. (The Hill)
 
As part of its broad review of the post-crisis regulatory framework, the Basel, Switzerland-based Financial Stability Board is seekiing public feedback on the effects of post-crisis rules on credit for small and midsize enterprises. (ABA Banking Journal)
 
Mortgage Guaranty Insurance Corporation
Cummins Allison
Rep. David Scott (D-Ga.) recently introduced a bill aimed at promoting financial inclusion for American consumers. The Improving Access to Traditional Banking Act of 2019 would direct the Consumer Financial Protection Bureau to establish an office for underbanked, unbanked and underserved consumers. (ABA Banking Journal)
 
The Federal Reserve’s top officials say the economy is in a good place and suggest further interest-rate increases will depend on incoming data easing concerns about risks to their outlook. (Bloomberg)
 
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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 1-3, 2019
Washington Summit
Washington, DC

Apr 1-4, 2019
Compliance School – Intermediate
Tucson, AZ

Apr 7-9, 2019
Risk Management Conference
Austin, TX

May 1-3, 2019
ABA-Wharton CEO Lab
Philadelphia, PA

 
 

 

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