ABA Banking Journal
May 20, 2022

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.

KOREM INC®
Predict bank success in a digital-first world
What if you could learn more about who interacts with your branch banks, when they visit, and for which services. What if you could identify the audience segment by age, income, and other variables that would allow you to target directly to them on a more personalized level? And, what if you knew how often they visit and how much is transacted? 
Watch the webinar
Advertisement
Industry News
Community banks in oil and gas towns grapple with the future of climate risk supervision.
 
Public comments for the Securities and Exchange Commission’s sweeping climate risk disclosure proposal are due on June 17, with major implications for banks and their clients. ABA’s Mike Gullette and Joe Pigg dig into the details.
 
The focus on racial and ethnic diversity as opposed to gender diversity is accelerating across the board.
 
Data Center, Inc. (DCI)
Sales Boomerang
With transactional data, banks can make borrowing smarter and better serve more customers.
 
VDPs open a communication channel to external cybersecurity researchers, while also encouraging current bank customers to participate in the feedback loop.
 
The Community Development Financial Institutions Fund has opened its funding round for fiscal year 2022 funding for its small-dollar loan program.
 
Jack Henry & Associates, Inc.®
Is Your Technology Ecosystem Future-Ready?
Set your organization apart with a single, unified experience. The technology ecosystem from Jack HenryTM allows you to innovate faster and deliver an integrated, agile, and user-centered digital experience. Providing the personalized services your accountholders value and expect has never been easier.
Learn more today
Advertisement
Policy News
Ahead of a markup in the House Financial Services Committee, ABA and 51 state bankers associations urged lawmakers to oppose a bill, H.R. 7003, that would allow credit unions to expand their membership and business lending capacity—the credit union industry’s latest attempt at charter enhancement.
 
Treasury’s strategy identifies four priorities to address the most significant illicit finance threats to the U.S. financial system.
 
Hsu said frameworks for analyzing bank mergers need updating, but a merger moratorium would prevent deals that increase competition, better serve communities better, and enhance resiliency.
 
Biz2Credit, Inc.
Capco
The FDIC has approved a final rule establishing a process by which the agency will identify and investigate any conduct involving the misuse of its name or logo.
 
As lawmakers attempt to reconcile the House and Senate versions of the America Competes Act, a bipartisan group of 24 senators led by Sens. Jeff Merkley (D-Ore.) and Jacky Rosen (D-Nev.) advocated for the SAFE Banking Act to be included in the final version of the bill.
 
The Securities and Exchange Commission has said that it would extend the comment period for its recently proposed climate disclosure rule from May 20 until June 17.
 
U.S. Bank Cash Management Services®
Power your success with the industry leader.
You can trust our proven cash management strategies to help you achieve operational efficiency, allowing you to focus on key business initiatives. Put the power of our people to work for you with the nation’s largest and most experienced provider of cash management solutions.
Learn More
Advertisement
Training
 

 

Advertise

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