ABA Banking Journal
November 8, 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.

Velocity Solutions, LLC
So, You Think You’re Finished with Reg. E Outreach? You’re Not!
It’s a disconcerting, but true, fact: When customers of your bank use your debit card and their transactions fail, they blame you.Consider the negative buying experience below, which I suspect is an all-too-familiar occurrence that puts your customer relationship at risk.
Click Here
Advertisement
Industry News
Meet Puget Sound banker Laurie Stewart, who is chairing ABA in 2019-20. (ABA Banking Journal)
 
How today’s banks can build a tech culture that’s a catalyst for growth, yet keeps customers at the center of the banking experience. (ABA Banking Journal)
 
While some may be claiming that the fad is over for bank-fintech partnerships, the imperative for banks to partner with fintechs is anything but over. (Bank Innovation)
 
Faced with higher property prices and piles of student debt, Americans are getting older and older before they buy a home. According to a new report from the National Association of Realtors, the median age of first-time home buyers has increased to 33, the oldest in records dating back to 1981. (Bloomberg)
 
Data Center, Inc. (DCI)
FINASTRA
Four areas where boards may wish to focus their energies when presented with an acquisition. (ABA Banking Journal)
 
Washington Federal—a $16.4 billion regional institution based in Seattle—had a problem: many in the general public didn’t realize exactly what it did. (ABA Banking Journal)
 
In this interview, FDIC Chairman Jelena McWilliams emphasized that the U.S. banking system is safer and healthier than it was a decade ago, but there are still concerns, including the fact that banks are still writing loans pegged to the LIBOR benchmark that will soon be retired. (MarketWatch)
 
Loomis US corp
Streamline your operations with Loomis.
Backed by the industry’s largest cash distribution network, advanced technology, and unmatched support and service, Loomis Managed Cash Services are designed to help financial institutions cut costs, reduce risk, diversify client offerings, and increase presence without having to grow your physical footprint. Simplify your day-to-day bank operations with a comprehensive solution and a reliable partner for all your cash management, cash-in-transit, ATM, and Treasury Management needs.
Read more
Advertisement
Policy News
In a comment letter to the FDIC, ABA again called on the agency to return deposit insurance assessment credits owed to banks as expeditiously as possible, so that they can support the institutions’ lending and liquidity. (ABA Banking Journal)
 
In remarks before a public symposium on small business loan data collection, Consumer Financial Protection Bureau Director Kathleen Kraninger signaled the importance of balancing the statutory objectives of Section 1071 of the Dodd-Frank Act with the need to avoid negative credit effects on the $1.4 trillion small business lending market. (ABA Banking Journal)
 
The United States Department of Agriculture has issued a long-awaited interim final rule establishing new regulations and procedures for the legal production of industrial hemp, as required by the 2018 Farm Bill. (ABA Banking Journal)
 
Computer Services Inc
Cummins Allison
As part of the National Credit Union Administration’s 2020-21 budgeting process, NCUA Board Member Todd Harper is requesting public comment to his proposal to create a dedicated consumer compliance examination program for larger and more complex credit unions. (ABA Banking Journal)
 
The FDIC’s recent proposal to make changes to the national rate cap does not go far enough to address the problems with the current calculation methodology, ABA said in a comment letter. (ABA Banking Journal)
 
Salesforce.com
Integrated Marketing & Sales for Banking
Alignment between marketing and the front line bankers and wealth managers in an organization is critical to success, but these teams will only work well together when they’re pursuing the same goals and have been empowered with the same actionable data. Learn how marketing automation can help bridge the gap between marketing and sales by working with your CRM to create a single source of truth for your organization.
Get the E-Book >
Advertisement
Events

Nov 10-13, 2019
Agricultural Bankers Conference
Dallas, TX

Dec 7-10, 2019
ABA/ABA Financial Crimes Enforcement Conference
Washington, DC

Jan 26-29, 2020
Insurance Risk Management Forum
Carlsbad, CA

Feb 9-12, 2020
Conference for Community Bankers
Orlando, FL

Feb 23-25, 2020
Wealth Management and Trust Conference
Orlando, FL

 
 

 

Advertise

We would appreciate your comments or suggestions.
Your email will be kept private and confidential.