ABA Banking Journal
January 29, 2021

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
By streamlining their anti-money laundering operations, banks will not only maintain their defenses, but also their market share.
 
Before returning to banking in 2016 as CEO of Passumpsic Bank, Jim Kisch spent a decade and a half as founder or co-founder of software firms that served the financial industry. On the podcast, Kisch talks about lessons he brought from his tech entrepreneurship career,
 
Having women in senior leadership ranks can make banks more innovative and lead to better financial performance, according to a new report from ABA strategic partner Alloy Labs Alliance.
 
Data Center, Inc. (DCI)
Computer Services Inc
Tailor financial products and strategies to build engagement and serve the evolving needs of boomers and millennials.
 
For ag lenders, credit quality and the deterioration of agricultural loans, competition from other lenders and weak loan demand remain the top three concerns. For producers, lenders continued to be most concerned about the liquidity, income and leverage of their ag borrowers.
 
What’s top of mind for community bank risk managers in 2021? Kristina Schaefer provides an overview of what’s on her radar screen as chief risk officer and general counsel at First Bank and Trust.
 
Jack Henry & Associates, Inc.
New Deposits at a Fraction of the Cost
By utilizing two key Jack Henry solutions, the SilverLake System® core processing platform and the Banno Digital Platform™, St. Louis-based Midwest BankCentre launched a separately branded digital institution (Rising Bank) in only six months. In its first year, Rising gathered over $130 million in new deposits at a fraction of the cost of traditional branch banking.

Read the Celent case study.
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Policy News
The OCC announced that it will pause the publication of a controversial final rule stating that banks should provide access to services, capital and credit based on their risk assessment of individual customers and not make broad-based decisions that affect whole categories or classes of customers.
 
As the Small Business Administration works to resolve several issues with the Paycheck Protection Program flagged by ABA earlier this week, it issued a procedural notice late Wednesday night outlining how it will move forward with the processing of second-draw PPP loan applications for borrowers who still have an unresolved issue related to their first-draw loan.
 
The House Financial Services Committee has announced the subcommittee chairmen for the 117th Congress.
 
Appraisal Institute
Cummins Allison
The Cities for Financial Empowerment Fund announced that 60 financial institutions—including 46 banks—with more than 28,000 branches nationwide are now offering Bank On-certified accounts.
 
As expected, the Federal Reserve will continue to keep its target range for the federal funds rate at zero to 0.25% to support the U.S. economy during this “challenging time,” according to the Federal Open Market Committee.
 
In an executive order this week, President Biden directed the Department of Housing and Human Services to review the effects of a September 2020 rule that revised HUD’s standard for bringing disparate impact claims under the Fair Housing Act.
 
Columbia Business School Executive Education®
Leadership Essentials (Live Online)
This four-day virtual program from Columbia Business School Executive Education enables new and mid-level leaders to develop their essential leadership abilities, including team leadership, emotional intelligence, conflict management, and leading change.
 
Participants emerge from the program with fresh insights into how to be better decision makers, leaders of people and groups, and agents of organizational change.
 
The program begins June 7.

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Training

February 1 - 26
Facilitated Training: Building Customer Relationships

February 1 - May 21
Facilitated Training: Money and Banking

February 2
Webinar: Rediscover Venture Capital under the Volcker Rule Exclusion

February 3
Webinar: Build a Stronger Franchise: Modernize Your Mortgage Business with Better Technology, Scalable Operations & Increased Profit

February 4
Webinar: Tax Planning Techniques Post-2020 Election

February 8 - May 28
Facilitated Training: Commercial Lending

February 16
Webinar: Risk Management Challenges and Opportunities: 2021 Outlook

February 16 - March 12
Facilitated Training: Marketing Planning

February 16 - 17
Virtual Conference: Conference for Community Bankers

February 17
Webinar: Mortgage eClosing: Paving the way with eSignatures

February 17
Webinar: Breaking Money Silence on Equity and Inclusion

February 22 - March 26
Facilitated Training: Introduction to Trust Products and Services

February 24 - 25
Virtual Conference: Wealth Management and Trust Conference

 
 

 

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