ABA Banking Journal
October 6, 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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2023 PULSE® Debit Issuer Study
Enhancing the customer experience through digitalization of debit is among the main takeaways from the 2023 PULSE Debit Issuer Study, commissioned and published by PULSE, a leading debit and ATM network.
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Industry News
Federal agencies are tackling the broader cloud infrastructure and security issues impacting financial institutions, but banks will have to deal individually with many of the issues a recent Treasury report identifies.
 
The latest incarnation of ABA’s award-winning #BanksNeverAskThat anti-phishing campaign returns for National Cybersecurity Awareness Month in October. ABA’s Amy Wertlieb talks about new resources this year.
 
Educating consumers about financial literacy is rarely a one-time action. It requires regular and continuous engagement.
 
Data Center, Inc. (DCI)
Raymond James & Associates
Cloud-based technologies now make it possible to knit together many distinct types of information into a usable “data fabric” in near real time.
 
With the availability of credit card rewards at stake under the Durbin-Marshall credit card bill, bill sponsor Sen. Roger Marshall dismisses consumer concerns about their rewards.
 
Veteran Kentucky banker Luther Deaton Jr. says even the best boards need to be open to changing as the banking industry evolves. That’s why he is looking to add one or two directors to the board of Central Bancshares Inc., from seven at present.
 
Jack Henry & Associates, Inc.®
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Policy News
ABA, seven state bankers associations and multiple banks joined more than 700 organizations in a letter urging President Joe Biden and Congress to permanently extend the New Markets Tax Credit program.
 
Federal regulators have closed the door to a broad range of potential mergers by using an artificially narrow lens to evaluate competition concerns, Federal Reserve Governor Michelle Bowman said.
 
ABA expressed support for a House bill that would prohibit the SEC and federal banking agencies from requiring banks to include assets held in custody or safekeeping as a liability on the institution’s balance sheet.
 
Jack Henry & Associates, Inc.
Capco
ABA and three associations said they support the reasoning behind a proposed rule change to end the requirement for Federal Housing Administration-insured mortgage servicers to conduct in-person meetings with borrowers who are in default on their mortgage payments.
 
A bipartisan group of senators introduced an ABA-backed bill to create a community development financial institutions tax credit for private sector investors that make equity, equity-equivalent investments or long-term patient capital available to CDFIs.
 
California should take steps to ease the burden for financial institutions to comply with a new state law that requires them to report their greenhouse gas emissions, including those emissions for which they are not directly responsible, ABA, the California Bankers Association and California Credit Union League said in a joint letter.
 
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Training

October 9 - November 3
Facilitated Training: Bank Lines of Business

October 11
Webinar: The Cybersecurity & Identity Benefits of .BANK

October 12
Webinar: Climate Risk and Opportunity Management

October 16 - January 19, 2024
Facilitated Training: Commercial Lending

October 16 - 20
School: Wealth and Trust School Level 1
Emory Conference Center, Atlanta, GA

October 16 - 20
School: Compliance School – Advanced
Emory Conference Center, Atlanta, GA

October 17
Webinar: Assessing Cybersecurity Risk with the CRI Profile and Cloud Profile

October 18
Webinar: Regulatory Updates and Compliance Challenges in 2023 — Part 4

October 19
Conference: MDI Partnership Summit
Washington, D.C.

October 19
Webinar: A Deeper Dive: Applying the New TPRM Guidance and Recent Enforcement Actions

October 23 - November 17
Facilitated Training: Marketing Management

October 24
Webinar: 2023 Cyber Trends and Claims

October 25
Webinar: Navigating the Future Landscape of Labor and Talent

October 25
Webinar: Exploring the Financial Crime Risks and Landscape in Cannabis Banking

 

 
 

 

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