ABA Banking Journal
January 27, 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.

Industry News
What’s on the horizon for bank innovation and fintech in 2023? ABA’s Office of Innovation team explores top tech trends for the year ahead.
 
Meet ABA’s first class of Emerging Leader Award winners.
 
A growing number of people say they prefer plastic debit and credit cards over digital wallets, in part because they view the latter as more inconvenient to use, according to a new survey by J.D. Power.
 
Data Center, Inc. (DCI)
Raymond James & Associates
Protections for mobile apps must have the capability to recognize and block the tools that criminals use and abuse to commit fraud.
 
In this episode, Andy Anderson, president and CEO of Bank of Anguilla in Anguilla, Mississippi , discusses why the bank became a community development financial institution. The bank was already doing CDFI work in its rural Mississippi Delta market in two of Mississippi’s poorest countries, and he shares how certification has helped the bank pursue its mission and remain independent.
 
A recent survey found consumers are happy with the banks’ digital security measures, although younger respondents believe financial institutions should do more.
 
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Policy News
ABA urged the CFPB to “tread carefully” as it drafts proposed data-sharing rules for businesses, warning that the agency could stifle innovation and risk consumers’ personal financial data if it introduces impractical requirements.
 
ABA joined the Credit Union National Association and other trade associations in submitting a reply comment that reiterated their previous request that the Federal Communications Commission require voice service providers to implement a caller ID authentication solution over non-IP networks.
 
Fannie Mae and Freddie Mac will reduce the upfront fee for commingled securities to 9.375 basis points starting April 1, the Federal Housing Finance Agency said,
 
Jack Henry & Associates, Inc.
Capco
The Financial Crimes Enforcement Network has issued an alert to financial institutions on potential attempts by Russian elites to evade sanctions through the U.S. commercial real estate sector.
 
The American Legislative Exchange Council’s board last week rejected a proposed model bill that would have required states to stop doing business with companies considered to be boycotting fossil fuels and other related industries.
 
The Consumer Financial Protection Bureau is required by law to seek input from community banks and credit unions before moving forward with rulemaking on credit card penalty fees, ABA and four industry associations reiterated.
 
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Training

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

February 1 - 8
Virtual School: Data & Analytics School

February 2
Webinar: The Impact of an Economic Downturn on Tax Planning and Trust Administration

February 6 - April 28
Facilitated Training: Commercial Lending

February 7
Webinar: Surviving a Consent Order: 7 Steps to Build your Internal Audit Strategy

February 8
Webinar: Cut the Stress From Digital Lending — the 'New Normal' in Loan Origination

February 12 - 14
Conference: Conference for Community Bankers
JW Marriott Orlando Grande Lakes, Orlando, FL

February 13 - March 10
Facilitated Training: Marketing Planning

February 15
Conference: MDI Partnership Summits
JW Marriott Orlando Grande Lakes, Orlando, FL

 
 

 

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