ABA Banking Journal
June 18, 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.

Abrigo®
The Impact of COVID-19 on Ag Lending
Everyone has been impacted by the COVID-19 pandemic in some way or another, and the agricultural industry is no different. This paper outlines three areas of impact from COVID-19 that lenders to the ag industry will want to continue to evaluate in 2021: farm income, loan demand and credit risk.
Click here to learn more
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Industry News
For many compliance professionals, manual processes are not adequate to stay current. Consider the judicious use of artificial intelligence to automate key elements of your compliance program management processes. 
 
Mergers create opportunities, but they also represent change, which can be unsettling if not communicated transparently and effectively.
 
A record-breaking bull market, GDP growth at an annualized rate of 6.4 percent in the first quarter of 2021, a red-hot housing market, and a full recovery in corporate bond markets, all stand in sharp contrast from the conditions of just one year prior.
 
Data Center, Inc. (DCI)
Western Union Business Solutions
The post-COVID economy is snapping back in a big way — but are small businesses prepared to capitalize on the recovery?
 
The FDIC announced a competition today for companies to explore new technologies for banks to meet the needs of unbanked individuals.
 
Risks to the economic outlook remain even as progress on vaccinations will likely continue to reduce the effects of the coronavirus pandemic, the Federal Open Market Committee said, adding that the path of the economy will significantly depend on the course of the virus.
 
Jack Henry & Associates, Inc.®
Grow Your Commercial Base
Need efficiencies and growth in your commercial base today? If so, you are not alone. Many banks are still relying on manual processes, siloed data systems, and error-prone spreadsheets to process escrow deposits. But now you can utilize an online deposit escrow management system as part of an efficient digital strategy. Don’t miss this prime opportunity to gain efficiencies and generate new revenue streams.
Video: Attract new commercial customers with online escrow deposit management.
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Policy News
Acting Comptroller of the Currency Michael Hsu told attendees at a CFPB roundtable that banks are being held accountable when they rely on housing appraisals that are discriminatory.
 
In the Federal Housing Finance Agency’s annual report to Congress, the agency requested the authority to examine third-party service providers to identify practices that could pose safety and soundness risks to Fannie Mae and Freddie Mac.
 
The FDIC proposed changes to its guidelines for real estate lending policies in order to align standards with the community bank leverage ratio, which does not require electing institutions to calculate tier 2 capital or total capital.
 
Wolters Kluwer Financial Services
Capco
The FDIC board voted not to raise deposit insurance assessments on banks in order to recapitalize its insurance fund.
 
The Bank for International Settlements released a working paper to discuss the range of central bank digital currencies, including addressing their architectures, how they could complement existing payment options and what they imply for the financial system and central banks in the future. 
 
ABA’s position that troubled debt restructurings are outdated and unnecessary is gaining steam, demonstrated by the recent roundtable on current expected credit losses held by the Federal Accounting Standards Board last month.
 
Columbia Business School Executive Education®
The Strategic Leader Program (Live Online): How to Excel as Your Responsibility Increases
Designed for leaders transitioning to senior executive roles, this six-day program from Columbia Business School Executive Education broadens your knowledge, perspective, and understanding of strategic leadership, equipping you to deal with the demands of the more complex and disruptive environment of tomorrow.
 
The program offers concepts and tools that will enable you to enhance your personal, strategic, and interpersonal effectiveness.
 
The program begins October 4.

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