ABA Banking Journal
December 17, 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.

Nice Actimiz®
Are you ready for 2022 fincrime?
2021 has been a dynamic year for fraud and financial crime, and the events that have emerged out of the quickly changing risk landscape continue to create new vulnerabilities for financial services organizations (FSOs).  Make sure you’re ready to tackle fincrime head-on in the new year.
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Industry News
Overlapping Social and Climate Issues Shape Banks’ ESG Efforts
The often-intertwined issues of social equity and environmental considerations are among the deepest and most challenging ESG issues that bankers currently face.
 
Podcast: The State of Play for Digital Lending
The digital banking product changes triggered by the Paycheck Protection Program and pandemic-related digital banking needs have pushed banks to innovate like never before, says Accenture’s Bina Rajput on this episode of the podcast.
 
Survey Reveals ‘Substantial’ Risk, Compliance Concerns for U.S. Banks
Banks continue to feel a heightened sense of compliance and risk concern, according to the results of a new Wolters Kluwer survey.
 
Data Center, Inc. (DCI)
Western Union Business Solutions
Podcast: From Crypto to Online Romance, How Money Mule Tactics Are Evolving
With the pandemic and other factors triggering growth in—and new dimensions of—“money mule” scams, how what should bankers watch out for?
 
Treasury Announces $8.7B Investment in CDFIs, MDIs
The Treasury Department, through its Emergency Capital Investment Program, will invest $8.7 billion in community financial institutions, which includes community development financial institutions and minority depository institutions.
 
Banks ‘Optimistic’ About Partnerships with Fintech Firms, Says ABA’s Morgan
The banking industry is optimistic about the role of bank/fintech partnerships that enable banks to bring customers the latest technology in a way that they can trust, American Bankers Association SVP Rob Morgan said during a recent industry event.
 
Jack Henry & Associates, Inc.®
Evolve and Adapt to Your Customers' Needs With Innovative Technology
For generations, banks have remained at the center of people’s financial lives. As technology continues to progress, evolving and adapting with that technology is critical to your institution’s success. Your customers need you to understand their needs and guide them with individualized digital experiences. By doing so, you’ll not only deliver an exceptional customer experience but strengthen connections with your customers, too.
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Policy News
Proposed SEC Amendments Seek to Bolster Money Market Funds
The Securities and Exchange Commission has proposed new amendments intended to help improve the resilience and transparency of money market funds, following significant volatility seen in the early days of the COVID-19 crisis.
 
FDIC Board Members Spar Over Agency Procedures
FDIC Chairman Jelena McWilliams ruled a motion from CFPB Director Rohit Chopra out of order during an FDIC board meeting, stating that “it doesn’t comply with the previously stated information received from the general counsel about the legitimacy of that action.”
 
FinCEN Seeks Public Feedback on AML/CFT Modernization
As part of its work to implement the Anti-Money Laundering Act of 2020, the Financial Crimes Enforcement Network has issued a request for information seeking feedback on how it can streamline, modernize and update anti-money laundering and countering the financing of terrorism rules in the U.S.
 
Wolters Kluwer Financial Services
Capco
ABA Statement on Stablecoins Emphasizes Need for Consumer Protection
Customers accessing digital-asset markets, including stablecoins, are best served when they can do so through fully regulated banks, ABA tells Senate Banking Committee.
 
FDIC: Deposit Insurance Fund Remains On Track to Recapitalization
The Deposit Insurance Fund remains on track to be recapitalized to its statutory level of 1.35% by the statutory deadline of Sept. 30, 2028, FDIC staff said during a recent FDIC board meeting.
 
OCC Finalizes Rule to Rescind 2020 CRA Rulemaking
The OCC issued a highly anticipated final rule officially rescinding its 2020 Community Reinvestment Act rule and replacing it with rules the agency adopted jointly with the Federal Reserve and FDIC in 1995.
 
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Training

2022

January 3 - 28
Facilitated Training: The Banking Industry

January 10 - February 4
Facilitated Training: Marketing in Banking

January 10 - March 18
Facilitated Training: Introduction to Mortgage Lending

January 11 - 13
Virtual Conference: ABA/ABA Financial Crimes Enforcement Conference

January 18 - March 11
Facilitated Training: Introduction to Agricultural Lending

January 19
Webinar: Market Outlook and Factors Affecting Investments in 2022

January 24 - February 18
Facilitated Training: Bank Lines of Business

January 24 - February 25
Facilitated Training: Managing Funding, Liquidity and Capital

January 24 - March 11
Facilitated Training: Analyzing Bank Performance

January 25 - February 9
Virtual School: Data & Analytics School

January 26
Webinar: Bridging the Customer Experience Gap between Branch and Online Banking

January 30 - February 2
Conference: Insurance Risk Management Forum
Omni Amelia Island Resort, Amelia Island, FL

January 31 - February 25
Facilitated Training: Building Customer Relationships

January 31 - May 20
Facilitated Training: Money and Banking

 
 

 

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