ABA Banking Journal
April 24, 2020

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.

Coronavirus News
Working from home, employees at Lincoln, Nebraska's Union Bank & Trust hustled to process small-business applications under the Paycheck Protection Program. (Washington Post)
 
On the latest episode of the ABA Banking Journal Podcast, Paul Benda summarizes the latest science on how COVID-19 is transmitted and explores prudent steps for banks to minimize that spread. (ABA Banking Journal)
 
Guardian Analytics, Inc.
Guardian Analytics: Omni-channel Banking and Fraud
Financial institutions (FIs) are under unprecedented pressure from market competitiveness and rising customer expectations. As a result, these institutions need to be able to offer new and faster products and services across a range of channels and payment types.
Click Here to Learn More
Advertisement
The COVID-19 outbreak has prompted banks to move with lightning speed toward mobile work arrangements—and with that move comes pressing new considerations and security issues must be reassessed in the light of the massive workplace changes. (ABA Banking Journal)
 
In an interview with NPR’s Marketplace radio program, ABA Chair Laurie Stewart discussed her bank’s recent experience rolling out the SBA’s Paycheck Protection Program. (ABA Banking Journal)
 
With Congress poised to approve additional funding for the Small Business Administration’s Paycheck Protection Program as early as this week, the Federal Housing Finance Agency confirmed that Federal Home Loan Banks may accept PPP loans as collateral when making advances to their member banks. (ABA Banking Journal)
 
Data Center, Inc. (DCI)
Computer Services Inc
The American Bankers Association today urged House leaders to swiftly approve a legislative package that would provide an additional $320 billion in funding for the Small Business Administration’s Paycheck Protection Program. (ABA Banking Journal)
 
As lawmakers continue working to finalize additional funding for the Small Business Administration’s Paycheck Protection Program, a group of eight Republican senators wrote to SBA Administrator Jovita Carranza urging SBA to allow loan applications completed as of April 16—when the initial round of funding ran out—to be entered into the E-Tran system. (ABA Banking Journal)
 
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
Industry News
Marketing messages differ, based on bank objectives and partnership model. (ABA Bank Marketing)
 
With EMV card deployment reducing fraud at the point of sale, cyber-criminal schemes are targeting email, mobile devices and other channels. (ABA Banking Journal)
 
Appraisal Institute
Cummins Allison
The Basel, Switzerland-based Financial Stability Board today sought public feedback on a set of 46 cyber incident response and recovery practices for financial institutions. These practices are organized into seven categories, and comments are due by July 20. (ABA Banking Journal)
 
In a letter to congressional leaders, 51 state bankers associations flagged “opportunistic and unnecessary” attempts by the credit union industry to seek charter enhancements—such as expansion of the member business lending cap—during the coronavirus pandemic. (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
 

 

Advertise

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