ABA Banking Journal
August 27, 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.

PSCU®
The Benefits of Faster Payments
Faster payments are not just for large banks and B2B transactions. Other industries, including community banks, can realize benefits as well. Delivery drivers, retirees and small business owners, among others, could all benefit from having quick access to funds. Learn how faster payments can help your community bank meet the demand of your customers.
Read more
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Industry News
Millennials want advisors who share their values or who understand their life goals and experiences. Doing business with bankers who “get them” will engender trust and solidify these budding relationships.
 
By considering the unique aspects of healthcare financing, the associated risks can be factored into the pricing and structure of the credit facility, resulting in fewer surprises.
 
Community banks look to the senior loan market for solutions to liquidity, competition, yield and growth.
 
Data Center, Inc. (DCI)
Western Union Business Solutions
Not even the pandemic could stop this group of Stonier students from experiencing safe, in-person learning community.
 
One in 10 adults say they do not have a checking or savings account, according to new research released by Morning Consult.
 
The cloud helped banks respond to the pandemic, but it can do even more.
 
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
ABA told the Financial Stability Board that additional regulation for the banking sector to address concerns regarding money market funds would be inappropriate and unnecessary, as banks have been a source of financial strength throughout the COVID-19 pandemic.
 
ABA and five other financial trade groups have urged the Federal Reserve to withdraw its proposal to expand the Durbin Amendment’s implementing rule (Regulation II), unless the Fed fixes key legal and technical deficiencies.
 
The Federal Reserve has announced individual capital requirements for banks with more than $100 billion in total consolidated assets. The requirements were determined in part by the results of the Fed’s supervisory stress tests.
 
Wolters Kluwer Financial Services
Capco
ABA and three other banking and mortgage groups warned that re-codifying the Department of Housing and Urban Development’s 2013 disparate impact rule would run afoul of binding Supreme Court precedent.
 
ABA wrote to Senate leaders in support of an amendment to the budget resolution put forth by Sen. Mike Crapo (R-Idaho) that would prevent the Internal Revenue Service from establishing a new information reporting framework for individual or business bank accounts with flows of $600 or more.
 
The SEC last has approved new Nasdaq rules for companies listing on the stock exchange that will require them to publicly disclose consistent transparent diversity statistics regarding their board of directors.
 
U.S. Bank Cash Management Services®
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Training

September 2
Webinar: Nonprobate Transfers: Advantages and Disadvantages

September 6 - November 28
Facilitated Training: IRA Online Institute

September 8
Webinar: #BanksNeverAskThat – Everything You Need to Know

September 9
Webinar: Best Practices for Conducting FCC Risk Assessments

September 13 - November 12
Facilitated Training: Legal Foundations in Banking

September 13 - 24
Virtual School: Wealth and Trust School Level 1

September 14
Virtual Conference: CFO Exchange

September 16
Webinar: 2021 Get Smart About Credit: Personal Finance Awareness for Young Adults

September 27 - 28
Virtual Conference: Bank Marketing Conference

September 28
Webinar: The RTP Network: Implementation to Innovation Webinar Series

September 28
Webinar: The RTP Network: Part One

September 29
Webinar: The RTP Network: Part Two

September 29
Webinar: Best Practices for Monitoring Servicing Performance

 
 

 

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