ABA Banking Journal
April 7, 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
Further refining your equitable strategies by retooling how you give feedback, standardizing your promotion practices and supporting caregivers will attract and keep more women in the banking industry.
 
As banks assess their team members, which skills should bring a current employee front and center for a possible career move into risk and compliance?
 
Most middle-income U.S. adults believe they can become financially prosperous in the next 10 years despite recent concerns about inflation and a possible recession, according to a new survey by Santander Bank
 
Data Center, Inc. (DCI)
Raymond James & Associates
The ABA Banking Journal Podcast wrapped up Women’s History Month with a conversation on an early Texas banking pioneer: Anna Mebus Martin.
 
A solid thought leadership strategy through social selling helps banks solidify their brands and establish lending officers as industry experts.
 
More robust mobile banking options correlate with a greater likelihood of losing deposits to better-yielding accounts or investments as interest rates rise, according to a soon-to-be-published study by researchers at Columbia Business School and the University of Chicago.
 
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Policy News
A proposed rule to require financial institutions to use the Treasury Check Verification System, or a similar authorized system, to verify Treasury checks would place a significant burden on those institutions, ABA and three banking and credit union associations said in a letter to the Treasury Department
 
Federal Home Loan Banks are a vital liquidity source for their member institutions and have been since the FHLB system was established, ABA and 51 state and territorial banking associations said in a joint letter to the Federal Housing Finance Agency.
 
President Biden has called on banking regulators to reinstate rules on regional banks that were “rolled back” during the Trump administration, including rules concerning liquidity stress testing.
 
Jack Henry & Associates, Inc.
Capco
In a recent letter, ABA raised several concerns about the Consumer Financial Protection Bureau’s plan to create a public registry of nonbank entities that are subject to orders involving consumer protection laws, including the agency’s claim that banks may one day be required to register.
 
The CFPB has launched a dedicated regulatory and technical support program to help financial institutions comply with its final rule implementing Section 1071 of the Dodd-Frank Act, which requires the collection and reporting of credit application data for small businesses.
 
The Federal Housing Finance Agency has announced updates to Fannie Mae and Freddie Mac’s equitable housing finance plans for 2023.
 
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