ABA Banking Journal
July 14, 2023

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 stories, digital exclusives, the ABA Banking Journal Podcast and more.

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Industry News
And is it permissible for a bank to purchase an email list from a third party to send out email marketing materials to non-customers?
 
Difference-making thought-leader Tamsen Webster is the opening keynote at the 2023 ABA Bank Marketing Conference.
 
It’s inappropriate to ask American consumers and businesses to simply rely on regulators’ assurances about the future—particularly when they’re being asked to accept new standards developed by an entity far removed from our financial system.
 
Data Center, Inc. (DCI)
Raymond James & Associates
Full-population testing eliminates the potential for unknown compliance violations and empowers financial institutions to address issues quickly.
 
A practical guide to preparing for the Section 1071 small business lending data collection.
 
Seasonally adjusted net 15.0% planning to create new jobs in the next three months, but down 4 points from May. The percentage of owners thinking it’s a good time to expand was 6.0%, 3.0% higher than the previous month.
 
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Policy News
A California bill that would require corporations to report their greenhouse gas emissions would not meet its stated goals without agreed-upon methodologies for calculating those emissions, ABA, the California Bankers Association and five financial industry associations said in a letter.
 
The SEC adopted amendments to rules governing money market funds, removing from the final version provisions that were opposed by ABA.
 
ABA joined the U.S. Chamber of Commerce and other associations in filing an amicus brief with the U.S. Supreme Court in favor of striking down the CFPB’s funding structure, arguing that the current funding mechanism shields it from congressional oversight.
 
Jack Henry & Associates, Inc.
Capco
A proposed bill seeking to impose network routing requirements on banks that issue credit cards would be disastrous for consumers, writes Brian Kelly, founder of The Points Guy.
 
CFTC staff issued a temporary no-action letter extending relief previously granted to bank swap dealers that permits them to comply with the commission’s financial reporting requirements.
 
Federal Reserve Vice Chairman for Supervision Michael Barr said that regulators will propose strengthening capital requirements for banks with more than $100 billion in assets, including creating a new long-term debt requirement.
 
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Training

July 19
Webinar: Regulatory Updates and Compliance Challenges in 2023 – Part 3

July 20
Webinar: Developing a CRA Business Plan

July 25
Webinar: The Deposit Difference

July 26
Webinar: Customer Complaints: Spotting Fraud Trends

July 27
Webinar: Financial Services Internal Audit Hot Topics

July 31 - August 3
School: Risk Management School – Advanced
Hyatt Regency Reston, Reston, VA

July 31 - August 4
School: Risk Management School – Foundational
Hyatt Regency Reston, Reston, VA

July 31 - August 25
Facilitated Training: Building Customer Relationships

July 31 - August 25
Facilitated Training: Building a Bank-Wide Data Management Program

July 31 - September 1
Facilitated Training: Managing the Bank's Investment Portfolio

August 2 - 4
School: ABA-Wharton Leadership Lab
The Wharton School, Philadelphia, PA

 
 

 

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