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April 2020
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The Virginia Banking eNewsletter is a monthly supplement to Virginia Banking magazine, intended to help you stay on top of industry knowledge via current trends data and insights. From the VBA
Throughout the month of April, organizations across the country carry out a variety of initiatives designed to improve financial literacy, especially among our nation’s youth, and to promote financial well-being for all consumers. We are proud that the banking industry continues to lead the charge in financial literacy across Virginia, even in these challenging times! We've compiled a variety of resources, many of which are virtual, that your bank can explore and share with your customers and communities here. Resources include:
We will continue to update this page throughout the month of April. Please remember that your bank can participate in many financial literacy programs and events during the calendar year, not only during Financial Literacy Month. Contact Monica McDearmon with questions.
Bankers On The Move & Recent Promotions
Industry News & Trends
When disaster strikes, brand marketing and messaging has to change. Focusing on the client can make messaging come across as more helpful and sincere in times of crisis. Create real connections with clients and listen to worries and concerns posed by customers, and find ways for your company to alleviate these worries. (The Financial Brand)
In this column, ABA President and CEO Rob Nichols shares the progress of ABA's Core Platforms Committee's work on the mandate to improve the relationship between banks and their core providers. Over the past year, the committee has had direct and productive conversations with executives from four of the major core providers: Fiserv, FIS, Jack Henry and Finastra. (American Bankers Association)
As millions of Americans switch to online video-conferencing to stay connected to school and work, privacy issues grow. (The New York Times)
From VBA Partners
You’re undoubtedly aware that Congress passed, and President Trump signed into law, H.R.748, better known as the CARES Act, on March 27, 2020. Here, VBA Endorsed Provider Compliance Alliance provides background on key aspects of the law, which provides multiple forms of relief, including the $350 billion Paycheck Protection Program and a delayed tax-return deadline of July 15.
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