ABA Banking Journal
January 13, 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.

CredAcc Technologies US Inc ®
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Industry News
With uncertainty the rule, the best advice is to have banks’ change-management processes ready for whatever comes.
 
Cybersecurity is the top risk priority in 2023 for most banks across the globe, although credit risk may grow in importance if economic conditions continue to deteriorate, according to a recent survey of chief risk officers.
 
Amid growing financial stress and economic pressures, just 33% of Americans reported feeling savvy about their finances, compared to 43% a year ago, according to findings from the recent KeyBank 2023 Financial Mobility Survey.
 
Data Center, Inc. (DCI)
Raymond James & Associates
Agility and flexibility will be key as marketing teams allocate their resources to contribute to their institutions’ growth in meaningful ways.
 
Meet Saleem Iqbal, ABA’s Community Bankers Council chair.
 
While the unemployment rate edged down to 3.5% in December, survey data from Alignable shows small business stresses are starting to emerge.
 
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
ABA has reiterated concerns about proposed amendments to Prohibited Transaction Exemption 84-14, known as the Qualified Professional Asset Manager exemption, in a letter to the U.S. Department of Labor.
 
The Biden administration has issued its Fall 2022 Semiannual Regulatory Agenda—a semiannual listing of rulemakings that departments and agencies expect to initiate or continue during the next six months.
 
The Consumer Financial Protection Bureau has proposed creating a public registry of terms and conditions in non-negotiable, nonbank contracts that claim to waive a customer’s ability to take certain actions, such as petitioning for bankruptcy or suing the company
 
Jack Henry & Associates, Inc.
Capco
Potential new regulatory requirements to cushion the economic effects of certain large bank failures would not result in real benefits to the financial system or the public, ABA said in a letter to Federal Reserve and FDIC.
 
The federal banking system remains resilient despite a recent dip in profitability as pandemic-related economic aid phased out, with banks able to use that strength to support their customers and the national economy, the OCC said in its annual report to Congress.
 
Barring congressional action, it would be inappropriate for the Federal Reserve to use monetary policy or supervisory tools to promote a greener economy or achieve other climate-based goals, Fed Chairman Jerome Powell said recently.
 
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Training

January 17 - March 10
Facilitated Training: Introduction to Agricultural Lending

January 18
Webinar: Regulatory Updates and Compliance Challenges in 2023 — Part 1

January 23 - February 17
Facilitated Training: Bank Lines of Business

January 23 - February 24
Facilitated Training: Managing Funding, Liquidity and Capital

January 23 - March 10
Facilitated Training: Analyzing Bank Performance

January 25
Webinar: 2023 Investment Market Outlook and How to Guide Clients Through Changes

January 26
Webinar: The State of Risk and Compliance Management in Banking

January 29 - February 1
Conference: Insurance Risk Management Forum 

January 30 - February 24
Facilitated Training: Building Customer Relationships

January 30 - May 19
Facilitated Training: Money and Banking

January 31
Webinar: Digitizing FCC Investigations: Adding Robotics and Machine Learning

 
 

 

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