ABA Banking Journal
October 7, 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.

Industry News
Nichols on ABA’s message to policymakers: ‘Let banks do what banks do best’
ABA will be taking a “simple and succinct” message to policymakers in the weeks and months ahead: “Let banks do what banks do best,” ABA President and CEO Rob Nichols said at this week's ABA Annual Convention.
 
Dan Robb’s dream team
Dan Robb, ABA’s 2022-23 chair, shares his infectious enthusiasm for banking and community.
 
Tailoring hybrid and remote work key to attracting and retaining talent
Remote work may have started out as a necessity early in the Covid pandemic. But in the banking industry it now appears to be the new normal—at least in hybrid form—and even a useful feature to attract and retain talent in today’s competitive job market.
 
Data Center, Inc. (DCI)
Raymond James & Associates
Podcast: Inspiring rising leaders to be part of something bigger
As a leader in selecting and developing potential Chick-fil-A restaurant operators for many years, André Kennebrew conducted around 8,500 talent interviews. Here’s what he learned about talent from one of America’s fastest-growing and top-rated consumer brands.
 
One in 10 community banks planning to launch crypto services
While the vast majority of banks do not offer cryptocurrency services, there is growing interest, according to the new 2022 Federal Reserve/Conference of State Bank Supervisors community banking survey. 
 
Survey: Customers want banks’ help as inflation affects growing numbers
Bracing for recession, one-third of customers are waiting for assistance from their banks, according to a new survey from J.D. Power.
 
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.
Watch the Video
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Policy News
Trade groups urge Congress to reject credit card routing amendments
A proposal to add new credit card routing mandates and a related study to a major defense spending bill has no place in the legislation and would harm military families, ABA and nine financial industry trade groups said in a letter to congressional leaders.
 
ABA comments on proposed update to CRE loan accommodations statement
ABA submitted comments on an interagency proposal to update a 2009 policy statement regarding accommodations and workouts for commercial real estate loans whose borrowers are experiencing financial difficulty. Specifically, the proposal would update the policy by recognizing the recent elimination of accounting for troubled debt restructurings.
 
Banking agencies signal new ‘living will’ guidance for large banks
The Federal Reserve and the FDIC will issue guidance on so-called “living wills” for banks that are considered “Category II” or “Category III” firms under the Fed’s tailored enhanced prudential standards, the agencies said.
 
Jack Henry & Associates, Inc.
Capco
U.S. Access Board issues proposed rulemaking on self-service kiosks
The federal agency responsible for developing technical accessibility standards is seeking public comment on accessibility requirements for self-service kiosks.
 
FSOC urges lawmakers to develop ‘comprehensive’ stablecoin regulatory regime
A new report from the Financial Stability Oversight Council warned of the dangers that cryptocurrencies and other digital assets “if their interconnections with the traditional financial system or their overall scale were to grow without adherence to or being paired with appropriate regulation.”
 
FinCEN issues beneficial ownership rule, the first of three CTA mandates
The rule will require most corporations created in or registered to do business in the U.S. to report beneficial ownership information to FinCEN.
 
Gooi Mortgage Inc®
Turnkey Mortgage Fulfillment Solution
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Training

October 10 - November 4
Facilitated Training: Bank Lines of Business

October 11
Webinar: Growth Strategies for a Down Mortgage Market: Laying the Foundation for Long-Term Success

October 12
Webinar: Advanced Tech to Support your Financial Crime Program

October 13
Webinar: Appraisal Bias Addressing the Emerging Challenges for Banks

October 17
Webinar: CoreConnection: Continuing the Conversation with FIS

October 17 - 20
School: Advanced Wealth and Trust School
Emory Conference Center, Atlanta, GA

October 17 - 21
School: Wealth and Trust School Level 1
Emory Conference Center, Atlanta, GA

October 17 - 21
School: Compliance School – Advanced
Emory Conference Center, Atlanta, GA

October 17 - January 20, 2023
Facilitated Training: Commercial Lending

October 18
Webinar: DHS CISA Cyber Risk and Cyber Hygiene Services

October 19
Webinar: Regulatory Updates and Compliance Challenges

October 21
Webinar: CoreConnection: Continuing the Conversation with Fiserv and Finxact

October 24
Webinar: CoreConnection Continuing the Conversation with Finastra

October 24 - 26
Virtual School: Payments Strategy School

October 24 - November 18
Facilitated Training: Marketing Management

 
 

 

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