Events
CBA University
Industry Representation
Legislative Updates
Member Services
Conferences
Conventions
Schools
Webinars
Banker Regulatory Forums
Compliance
CBA University
Industry Representation
Legislative Updates
Member Services
Conferences
Conventions
Schools
Webinars
Banker Regulatory Forums
Compliance
Superior
Products,
Significant Discounts
Products,
Significant Discounts
Insurance/D&O/Bond Program
As preparations for the next Congress get underway in DC, businesses need to remember that corporate grassroots is a necessary tool to mitigate political risk. Having an effective grassroots program of employees, consumers, and influencers can directly halt not only attacks from legislators and regulators, but a robust program can also ward off competitors seeking to use government intervention as a trojan horse to gobble up market share. Corporate grassroots is also a defense mechanism against backlash from the media or the general public. Whether conservative or progressive in nature, corporations and collections of small businesses should invest resources to build grassroots programs for a variety of different reasons that lead back to their bottom line. Read more.
House Farm Bill Vote Expected This Week
Lawmakers are expected to release the 2018 farm bill conference report as soon as today, with a vote in the House likely this week. Lead farm bill negotiators finalized compromise legislation in recent weeks, and the House’s planned vote last week was delayed by the National Day of Mourning for President George H. W. Bush. The five-year deal would replace the current farm bill, which expired September 30. Stay tuned for CBA's 2019 Ag Conference date!
Lawmakers are expected to release the 2018 farm bill conference report as soon as today, with a vote in the House likely this week. Lead farm bill negotiators finalized compromise legislation in recent weeks, and the House’s planned vote last week was delayed by the National Day of Mourning for President George H. W. Bush. The five-year deal would replace the current farm bill, which expired September 30. Stay tuned for CBA's 2019 Ag Conference date!
Deadlines Approach for Payments, SBA Grassroots
The deadlines for submitting comments on two critical grassroots initiatives are rapidly approaching.
The deadlines for submitting comments on two critical grassroots initiatives are rapidly approaching.
- Faster Payments: Urge the Federal Reserve Board to support access to faster payments for community banks of all sizes. ICBA offers tips for submitting personalized letters supporting equitable and universal access. Deadline: Friday, December 14. Act now on faster payments.
- Small Business: Use ICBA’s Be Heard grassroots action center to tell the Small Business Administration to reconsider a proposed rule that could harm SBA small-business and agricultural lending. Deadline: Tuesday, December 18. Contact the SBA today.
Pay Raises at Major National Firms Seen Across the Southeast
The Federal Reserve has released their latest Beige Book report of regional economic conditions. As in most of the nine years of the economic recovery, economic activity in the Southeast expanded moderately over the past several weeks, according to the Beige Book. Still, the report includes details from Atlanta Fed business contacts on ongoing wage pressures, agricultural conditions after Hurricane Michael, nonlabor cost increases, and busy times at ports and trucking firms before the holiday shopping season. Read more from the Atlanta Fed. To read the full report, click here.
The Federal Reserve has released their latest Beige Book report of regional economic conditions. As in most of the nine years of the economic recovery, economic activity in the Southeast expanded moderately over the past several weeks, according to the Beige Book. Still, the report includes details from Atlanta Fed business contacts on ongoing wage pressures, agricultural conditions after Hurricane Michael, nonlabor cost increases, and busy times at ports and trucking firms before the holiday shopping season. Read more from the Atlanta Fed. To read the full report, click here.
CBA Makes it Easy to Find Our Member Banks!
Georgia is one of the fastest growing states in the nation and the steady stream of new residents will most likely be looking to establish a relationship with a bank. At CBA, we receive frequent calls from prospects looking to move to a community bank. They know that community banks are led by local people and are known for lower fees, quick decisions, personal service and investing in the community.
We are happy to refer them to our community bank locator. Help us spread the word in your community. Please feel free to share this banner ad and link with your local Chamber, Visitors Bureau or Development Authority.
Georgia is one of the fastest growing states in the nation and the steady stream of new residents will most likely be looking to establish a relationship with a bank. At CBA, we receive frequent calls from prospects looking to move to a community bank. They know that community banks are led by local people and are known for lower fees, quick decisions, personal service and investing in the community.
We are happy to refer them to our community bank locator. Help us spread the word in your community. Please feel free to share this banner ad and link with your local Chamber, Visitors Bureau or Development Authority.
Kraninger Confirmed for Bureau Director
The Senate has voted 50-49 to confirm Kathy Kraninger for a five-year term as director of the Bureau of Consumer Financial Protection. In a statement, ICBA congratulated Kraninger on behalf of community banks. Read more from ICBA.
The Senate has voted 50-49 to confirm Kathy Kraninger for a five-year term as director of the Bureau of Consumer Financial Protection. In a statement, ICBA congratulated Kraninger on behalf of community banks. Read more from ICBA.
FDIC Plans Streamlined Application Process
The FDIC announced multiple initiatives and resources to streamline the deposit insurance application process for de novo banks. The agency is seeking feedback on several topics, including possible changes to the application process for community bank proposals. In addition, the FDIC established a voluntary process allowing new institutions to request feedback on draft proposals before filing formal applications, updated two publications on the application process, updated its timeframe guidelines for applications, and created a designated mailbox to pose application questions. Read more.
The FDIC announced multiple initiatives and resources to streamline the deposit insurance application process for de novo banks. The agency is seeking feedback on several topics, including possible changes to the application process for community bank proposals. In addition, the FDIC established a voluntary process allowing new institutions to request feedback on draft proposals before filing formal applications, updated two publications on the application process, updated its timeframe guidelines for applications, and created a designated mailbox to pose application questions. Read more.
FDIC Updates Mortgage Lending Guide
The FDIC updated its guide on the mortgage products offered through Fannie Mae and Freddie Mac. The Affordable Mortgage Lending Guide is designed to allow community banks to compare different products and identify next steps to expand or initiate a mortgage lending program. Read more.
The FDIC updated its guide on the mortgage products offered through Fannie Mae and Freddie Mac. The Affordable Mortgage Lending Guide is designed to allow community banks to compare different products and identify next steps to expand or initiate a mortgage lending program. Read more.
Bureau Meets with Advisory Councils
Last week the Bureau of Consumer Financial Protection held a conference call with the Community Bank Advisory Council and other advisory panels on consumer financial issues and emerging market trends. The call included discussions of artificial intelligence and consumer access to financial records. It was the second such gathering this year since the appointment of the committees’ members. Read more.
Last week the Bureau of Consumer Financial Protection held a conference call with the Community Bank Advisory Council and other advisory panels on consumer financial issues and emerging market trends. The call included discussions of artificial intelligence and consumer access to financial records. It was the second such gathering this year since the appointment of the committees’ members. Read more.
FHFA Announces New Ratio for Uniform Security
The Federal Housing Finance Agency announced the first “deemed-issuance” ratio for trading the Uniform Mortgage-Backed Security in 2019. The newly required metric is based on the ratio of TBA-eligible securities issued by Fannie Mae and Freddie Mac during the 24-month period ending October 31 of the preceding year. The ratios for Fannie and Freddie are set for 60 and 40 percent, respectively. Read more.
The Federal Housing Finance Agency announced the first “deemed-issuance” ratio for trading the Uniform Mortgage-Backed Security in 2019. The newly required metric is based on the ratio of TBA-eligible securities issued by Fannie Mae and Freddie Mac during the 24-month period ending October 31 of the preceding year. The ratios for Fannie and Freddie are set for 60 and 40 percent, respectively. Read more.
Bureau Launches Beta HMDA Platform
The Bureau of Consumer Financial Protection launched the beta version of its platform for Home Mortgage Disclosure Act data collected in 2018. The beta release allows financial institutions to become familiar with the HMDA filing platform and determine whether sample data complies with the reporting requirements outlined in the Filing Instructions Guide for HMDA data collected in 2018. Access the beta platform.
Stay up to date by attending CBA's Mastering HMDA seminar held February 13, 2019 in Macon.
The Bureau of Consumer Financial Protection launched the beta version of its platform for Home Mortgage Disclosure Act data collected in 2018. The beta release allows financial institutions to become familiar with the HMDA filing platform and determine whether sample data complies with the reporting requirements outlined in the Filing Instructions Guide for HMDA data collected in 2018. Access the beta platform.
Stay up to date by attending CBA's Mastering HMDA seminar held February 13, 2019 in Macon.
Silberstein Named New CEO of FS-ISAC
The Financial Services Information Sharing and Analysis Center appointed Steven Silberstein as president and CEO, effective January 1. Silberstein joins FS-ISAC after serving as CEO of Sheltered Harbor and COO of BlueVoyant. He will replace outgoing CEO Bill Nelson, who has led the organization for 12 years. Read more from FS-ISAC.
The Financial Services Information Sharing and Analysis Center appointed Steven Silberstein as president and CEO, effective January 1. Silberstein joins FS-ISAC after serving as CEO of Sheltered Harbor and COO of BlueVoyant. He will replace outgoing CEO Bill Nelson, who has led the organization for 12 years. Read more from FS-ISAC.
Bureau Proposes ‘No-Action Letter’ Changes
The Bureau of Consumer Financial Protection published proposed revisions to its “No-Action Letter” policy, setting up an avenue for banks and fintechs to innovate without fear of the bureau issuing an enforcement action. The proposal comes on the heels of the bureau’s proposed revision to the Trial Disclosure Program, which provides banks with waivers from certain disclosure requirements.
Since the policy was first adopted in 2014, the bureau has only issued one no-action letter. The proposed revisions would amend the 2014 policy to streamline the application process and strengthen the assurance of foregone enforcement actions.
Comments will be due 60 days after publication in the Federal Register.
The Bureau of Consumer Financial Protection published proposed revisions to its “No-Action Letter” policy, setting up an avenue for banks and fintechs to innovate without fear of the bureau issuing an enforcement action. The proposal comes on the heels of the bureau’s proposed revision to the Trial Disclosure Program, which provides banks with waivers from certain disclosure requirements.
Since the policy was first adopted in 2014, the bureau has only issued one no-action letter. The proposed revisions would amend the 2014 policy to streamline the application process and strengthen the assurance of foregone enforcement actions.
Comments will be due 60 days after publication in the Federal Register.
Lawmakers Join Opposition to SBA Poultry Lending Plan
Opposition continues to mount to a Small Business Administration proposal critics fear would significantly reduce the flow of government-backed loans to poultry farmers. As of last Tuesday, the SBA had received nearly 200 comment letters from poultry producers, farm appraisers and lenders, all decrying a plan to amend affiliation standards in a way that opponents claim would render the vast majority of chicken farmers ineligible for financing through the agency's 7(a) loan program. But the SBA's bigger challenge could be the growing number of lawmakers who are upset with the proposal. Read more in American Banker.
Opposition continues to mount to a Small Business Administration proposal critics fear would significantly reduce the flow of government-backed loans to poultry farmers. As of last Tuesday, the SBA had received nearly 200 comment letters from poultry producers, farm appraisers and lenders, all decrying a plan to amend affiliation standards in a way that opponents claim would render the vast majority of chicken farmers ineligible for financing through the agency's 7(a) loan program. But the SBA's bigger challenge could be the growing number of lawmakers who are upset with the proposal. Read more in American Banker.
Opinion: Risk is Building in the Housing Market
Experts have speculated about financial system weaknesses that might lead to the next economic crisis. Some of the issues on the list, like student debt, seem unlikely to lead to a crisis but are more likely to re-emerge as a serious problem for the financial sector once an economic downturn occurs. So, too, the U.S. housing market. If the economy were to experience a downturn or worse in the next few years, home prices, which have boomed over the last six years, will surely realize a price correction and foreclosure rates will increase dramatically. Read more in American Banker.
Experts have speculated about financial system weaknesses that might lead to the next economic crisis. Some of the issues on the list, like student debt, seem unlikely to lead to a crisis but are more likely to re-emerge as a serious problem for the financial sector once an economic downturn occurs. So, too, the U.S. housing market. If the economy were to experience a downturn or worse in the next few years, home prices, which have boomed over the last six years, will surely realize a price correction and foreclosure rates will increase dramatically. Read more in American Banker.
Sympathies
CBA extends our sincere condolences to Frank Griffin, President, Flint Community Bank, Albany, whose father, W.F. Griffin, Sr., recently passed away. He was beloved by his family and friends as well as his community. The service was held last Saturday in Albany. Read more.
CBA extends our sincere condolences to Frank Griffin, President, Flint Community Bank, Albany, whose father, W.F. Griffin, Sr., recently passed away. He was beloved by his family and friends as well as his community. The service was held last Saturday in Albany. Read more.
Queensborough National Bank Volunteers for Radiothon
Last week, the BSA department from Queensborough National Bank & Trust Co., Louisville, volunteered by manning the phones for the 18th Annual Care For Kids Radiothon for the Children's Hospital of Georgia.
Last week, the BSA department from Queensborough National Bank & Trust Co., Louisville, volunteered by manning the phones for the 18th Annual Care For Kids Radiothon for the Children's Hospital of Georgia.
Altamaha Bank and Trust Kicks Off Operation Santa Paws
Altamaha Bank and Trust, Vidalia, has kicked off Operation Santa Paws. During the month of December, all branches are collecting donations of pet food and supplies for the Sweet Onion Animal Protection Society (SOAPS).
Altamaha Bank and Trust, Vidalia, has kicked off Operation Santa Paws. During the month of December, all branches are collecting donations of pet food and supplies for the Sweet Onion Animal Protection Society (SOAPS).
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United Community Bank - Gainesville Joe Wood, board chairman in Hall County, has been appointed by Gov. Deal to the state Board of Economic Development. Read more. |
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Planters First Bank - Cordele Eli Tinsley has been named Executive Vice President. |
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Insurance/D&O/Bond Program |
Diana Baker is a Managing Director for Travelers. With dedicated policies for financial institutions, Travelers offers a range of insurance protection, including D&O, cyber, professional liability, financial institution bonds, ID fraud expense reimbursement and a full portfolio of property/casualty coverages. Choose either standalone coverage or a suite of coverages. Travelers has the flexibility to adapt to you and your business.
For more information, contact Diana at (678) 317-7882 or DCBaker@travelers.com, or visit www.travelers.com.
For more information, contact Diana at (678) 317-7882 or DCBaker@travelers.com, or visit www.travelers.com.
The CBA has been recognized on a national level for its invaluable educational programs and corporate events. The CBA has a variety of options for all positions in a community bank…from the teller line to the board room. We invite you to join us for one of the upcoming programs. For more options, click here for the CBA Calendar. For assistance with Education Programs, contact Kristi Greer. For assistance with Corporate Events, contact Peake Wilson.
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January – February 2019
January
4th Annual Senior Retail Banking Officer Forum, Session I
Thursday, January 24 – Atlanta
Train the Trainer
Tuesday, January 29 - Macon
February
Protect Your Reputation – Risk, Response, Reputation
Thursday, February 7 - Augusta
Consumer Lending School
Monday-Friday, February 11-15 – Atlanta
Mastering HMDA
Wednesday, February 13, 2019 - Macon
The Basics of Traditional & Roth IRAs
Thursday, February 21, 2019 - Atlanta
20th Biannual BSA Officer School – The Basics
Tuesday – Thursday, February 26-28 – Atlanta
2019 TRID: The Basics
Tuesday – Wednesday, February 26-27 – Macon
Advertising Compliance Bootcamp
Thursday, February 28, 2019 - Macon
Ongoing Webinars & Online Training
Webinars
Click here to view webinar listing and to register.
On-Line Training
Click here for on-line training with OnCourse Learning.
(OnCourse Learning is a CBA Endorsed Member Company)
February 2019
Annual Day at the Capitol – NEW Format!
Wednesday, February 13 - Atlanta
1st Quarter Banker Regulatory Forum – Compliance Focus
Thursday, February 14 - Macon
2019 Julian & Jan Hester Memorial Scholarship
Reminder – the 2019 Julian & Jan Hester Memorial Scholarship Applications are now available! Bankers, get your team together and spread the word within your communities! More information can be found online.
Annual Day at the Capitol – NEW Format!
Wednesday, February 13 - Atlanta
1st Quarter Banker Regulatory Forum – Compliance Focus
Thursday, February 14 - Macon
2019 Julian & Jan Hester Memorial Scholarship
Reminder – the 2019 Julian & Jan Hester Memorial Scholarship Applications are now available! Bankers, get your team together and spread the word within your communities! More information can be found online.
We are community banking.
1900 The Exchange, Suite 600, Atlanta, GA 30339
Phone: (770) 541-4490 / (800) 648-8215 | Fax: (770) 541- 4496 • www.cbaofga.com
1900 The Exchange, Suite 600, Atlanta, GA 30339
Phone: (770) 541-4490 / (800) 648-8215 | Fax: (770) 541- 4496 • www.cbaofga.com
Upcoming Events
2019 Senior Retail Banking Officer Forum - Session I
Thursday, January 24 - Atlanta
Train the Trainer
Tuesday, January 29 - Macon
Consumer Lending School
Monday-Friday, February 11-15 – Atlanta
2019 Senior Retail Banking Officer Forum - Session I
Thursday, January 24 - Atlanta
Train the Trainer
Tuesday, January 29 - Macon
Consumer Lending School
Monday-Friday, February 11-15 – Atlanta
Connect with us on social media!
