June 15, 2016
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
Telecommunications
CBA’s General Legal Counsel James-Bates-Brannan-Groover-LLP is offering a two-hour Lunch and Learn on June 28, 2016 from 12 to 2pm at two locations – 231 Riverside Drive in Macon and 3399 Peachtree Rd NE, Suite 1700 in Atlanta. The seminar will cover the new garnishment rules that went into effect for garnishments filed after May 12, 2016. For Macon registrations, please email Michael White at mwhite@jamesbatesllp.com; and for Atlanta registrations, please email Alec Sedki at asedki@jamesbatesllp.com. Space is limited so please register early.
FS-ISAC Outlines Agency Cybersecurity Warning
FS-ISAC’s latest risk summary spotlights the federal banking agencies’ alert advising financial institutions to actively manage the risks associated with interbank messaging and wholesale payment networks. That joint statement notes recent cyber-attacks have targeted these systems to originate unauthorized transactions. The FS-ISAC report also highlights recent risks to community financial institutions, including an Android bulletin on vulnerabilities to Android devices following a recent security update. Read FS-ISAC Report.
FS-ISAC’s latest risk summary spotlights the federal banking agencies’ alert advising financial institutions to actively manage the risks associated with interbank messaging and wholesale payment networks. That joint statement notes recent cyber-attacks have targeted these systems to originate unauthorized transactions. The FS-ISAC report also highlights recent risks to community financial institutions, including an Android bulletin on vulnerabilities to Android devices following a recent security update. Read FS-ISAC Report.
Fintech Firms Press OCC for Specialized Charter
Fintech companies are asking a federal regulator to create a specialized charter that would allow them to comply with federal rules instead of facing a state-by-state licensing framework. In comment letters to the Office of the Comptroller of the Currency, the Chamber of Digital Commerce is seeking a "fintech or 'bank-light' charter," while the Innovative Lending Platform Association (ILPA) envisioned a licensing system to "prevent [the] application of an inefficient and duplicative patchwork of state and federal laws."
ILPA members Kabbage, OnDeck and CAN Capital were seconded by the Center for Financial Services Innovation, the Milken Institute and Coin Center, which all called for a nonbank charter or variations of one. Fintech companies are often hampered by their money-services-business status, which can make it difficult to obtain and keep a bank account due to compliance issues, and have long clamored for a unified licensing system akin to a bank charter. Read more in American Banker.
Fintech companies are asking a federal regulator to create a specialized charter that would allow them to comply with federal rules instead of facing a state-by-state licensing framework. In comment letters to the Office of the Comptroller of the Currency, the Chamber of Digital Commerce is seeking a "fintech or 'bank-light' charter," while the Innovative Lending Platform Association (ILPA) envisioned a licensing system to "prevent [the] application of an inefficient and duplicative patchwork of state and federal laws."
ILPA members Kabbage, OnDeck and CAN Capital were seconded by the Center for Financial Services Innovation, the Milken Institute and Coin Center, which all called for a nonbank charter or variations of one. Fintech companies are often hampered by their money-services-business status, which can make it difficult to obtain and keep a bank account due to compliance issues, and have long clamored for a unified licensing system akin to a bank charter. Read more in American Banker.
ICBA Backs Bills to Nullify Overtime Final Rule
ICBA expressed its strong support for legislation to effectively nullify the Labor Department’s overtime final rule. The Protecting Workplace Advancement and Opportunity Act (S. 2707 and H.R. 4773) would bar the department from issuing a similar rule without first analyzing its impact on all employment sectors. The legislation, introduced in the Senate by Sens. Tim Scott (R-S.C.) and Lamar Alexander (R-Tenn.) and in the House by Rep. Tim Walberg (R-Mich.), would require the analysis to include hard-dollar and non-financial costs. In letters of support for the bills, ICBA said the rule will significantly restrict exemptions under the Fair Labor Standards Act for administrators, executives and sales-commissioned staff.
The Labor Department last month issued a final rule extending overtime pay to roughly 4.2 million additional workers. The rule increases the salary tests used to exempt employees from overtime pay and permanently indexes the thresholds for inflation. While the department reduced the salary threshold from its proposed rule, banking leaders continue to have serious concerns with the rule’s impact on employee benefits and hiring.
ICBA expressed its strong support for legislation to effectively nullify the Labor Department’s overtime final rule. The Protecting Workplace Advancement and Opportunity Act (S. 2707 and H.R. 4773) would bar the department from issuing a similar rule without first analyzing its impact on all employment sectors. The legislation, introduced in the Senate by Sens. Tim Scott (R-S.C.) and Lamar Alexander (R-Tenn.) and in the House by Rep. Tim Walberg (R-Mich.), would require the analysis to include hard-dollar and non-financial costs. In letters of support for the bills, ICBA said the rule will significantly restrict exemptions under the Fair Labor Standards Act for administrators, executives and sales-commissioned staff.
The Labor Department last month issued a final rule extending overtime pay to roughly 4.2 million additional workers. The rule increases the salary tests used to exempt employees from overtime pay and permanently indexes the thresholds for inflation. While the department reduced the salary threshold from its proposed rule, banking leaders continue to have serious concerns with the rule’s impact on employee benefits and hiring.
Bill to Revamp CFPB Approved by Appropriations Panel
The House Appropriations Committee approved a bill Thursday that would subject the Consumer Financial Protection Bureau to the appropriations process, among other things. The bill is mostly focused on providing $21.7 billion in funding for the Treasury Department and the Securities and Exchange Commission, which represents a $1.5 billion decline from 2016 levels and $2.7 billion less than what President Obama requested.
But banks are closely watching changes the bill would make to the CFPB, including moving it from a single director to a five-person commission and requiring the agency to revisit recent payday and arbitration rulemakings. One of the amendments to the bill would deny funding for the CFPB's payday lending proposal until the bureau conducts a study of the populations most reliant on nonbank lenders and identifies products that could fill the void of the estimated 60%-70% decline in payday loan volume. Read more in American Banker.
The House Appropriations Committee approved a bill Thursday that would subject the Consumer Financial Protection Bureau to the appropriations process, among other things. The bill is mostly focused on providing $21.7 billion in funding for the Treasury Department and the Securities and Exchange Commission, which represents a $1.5 billion decline from 2016 levels and $2.7 billion less than what President Obama requested.
But banks are closely watching changes the bill would make to the CFPB, including moving it from a single director to a five-person commission and requiring the agency to revisit recent payday and arbitration rulemakings. One of the amendments to the bill would deny funding for the CFPB's payday lending proposal until the bureau conducts a study of the populations most reliant on nonbank lenders and identifies products that could fill the void of the estimated 60%-70% decline in payday loan volume. Read more in American Banker.
Annual Meeting Speaker Featured in Independent Banker
J. Pat Hickman, Friday's keynote speaker at CBA's 48th Annual Meeting & Trade Show, was recently featured in an Independent Banker Magazine article for the phenomenal job he has done in growing a small Texas bank into an impressive financial institution. Under Hickman's guidance, Happy State Bank & Trust, Happy, TX, has sustained 20 percent growth for more than 25 years, which makes his customers and employees...Happy! Click here to read the entire article.
J. Pat Hickman, Friday's keynote speaker at CBA's 48th Annual Meeting & Trade Show, was recently featured in an Independent Banker Magazine article for the phenomenal job he has done in growing a small Texas bank into an impressive financial institution. Under Hickman's guidance, Happy State Bank & Trust, Happy, TX, has sustained 20 percent growth for more than 25 years, which makes his customers and employees...Happy! Click here to read the entire article.
Join the Fun: Win Big at Silent/Live Auctions
Proceeds Benefit CBA's Political Action Committee & Public Relations Funds!
If winning and fun are your game, CBA's Silent/Live auction is for you! One of the most popular activities at the Annual Meeting & Trade Show, the auction is your chance to purchase popular items including electronics, artwork, collectibles, sports memorabilia/tickets, use of vacation property, children's items, gift baskets, gift cards, home décor, jewelry and much more. This year features both a Silent Auction and Live Auction in the Exhibit Hall on Thursday night ONLY.
Proceeds Benefit CBA's Political Action Committee & Public Relations Funds!
If winning and fun are your game, CBA's Silent/Live auction is for you! One of the most popular activities at the Annual Meeting & Trade Show, the auction is your chance to purchase popular items including electronics, artwork, collectibles, sports memorabilia/tickets, use of vacation property, children's items, gift baskets, gift cards, home décor, jewelry and much more. This year features both a Silent Auction and Live Auction in the Exhibit Hall on Thursday night ONLY.
Bermuda Bean Bag Challenge - Test your skills at the Bermuda Bean Bag Challenge! The more you score, the more you increase your chance to win! Proceeds from your game raise funds for the CBA Political Action Committee (PAC) and Public Relations (PR) funds. The funds provide Georgia's community banking industry a voice in state politics. Please support the fundraiser by donating to the Silent Auction. If you cannot donate an item for the auction, consider a cash donation. Complete the donation form and make your commitment today. We appreciate your support! CBA maintains the only state PAC working exclusively for Georgia's community banks.
Join CBA and your peers at the Fairmont Southampton, Bermuda, Wednesday-Sunday, July 20-24th for CBA's 48th Annual Meeting & Trade Show!
THANK YOU to our Sponsors and Exhibitors!
For general information on hotel reservations, spouse/guest program and optional activities, contact Peake Wilson - (770) 541-0379. For Exhibitor and Sponsorship information, contact Lindsay Greene to learn more - (770) 541-0376. For Silent/Live Auction information, contact Tammy Maass - (770) 541-0374.
Join CBA and your peers at the Fairmont Southampton, Bermuda, Wednesday-Sunday, July 20-24th for CBA's 48th Annual Meeting & Trade Show!
THANK YOU to our Sponsors and Exhibitors!
For general information on hotel reservations, spouse/guest program and optional activities, contact Peake Wilson - (770) 541-0379. For Exhibitor and Sponsorship information, contact Lindsay Greene to learn more - (770) 541-0376. For Silent/Live Auction information, contact Tammy Maass - (770) 541-0374.
Meet the Leadership Division Sponsors & Exhibitors!
Sponsors and exhibitors offer a variety of services and products to help your bank to be profitable, efficient and well positioned to serve your customers. CBA is very appreciative of the support offered by these companies. In addition to its sponsor program, CBA is known for its one-of-a-kind mini-trade show which offers bankers and exhibitors the chance to network in an organized and time-efficient setting. A full capacity of 30 leading financial services providers will be showcasing their services at the fast-paced Mini-Trade Show. Don't miss these great opportunities!
Thank You to our Sponsors and Exhibitors!
Sponsors and exhibitors offer a variety of services and products to help your bank to be profitable, efficient and well positioned to serve your customers. CBA is very appreciative of the support offered by these companies. In addition to its sponsor program, CBA is known for its one-of-a-kind mini-trade show which offers bankers and exhibitors the chance to network in an organized and time-efficient setting. A full capacity of 30 leading financial services providers will be showcasing their services at the fast-paced Mini-Trade Show. Don't miss these great opportunities!
Thank You to our Sponsors and Exhibitors!
Special Disney Ticket Pricing for CBA Attendees!
Sponsorship opportunities are available!
Contact Lindsay Greene - (770) 541-0376.
For general information, contact Peake Wilson - (770) 541-0379.
Sponsorship opportunities are available!
Contact Lindsay Greene - (770) 541-0376.
For general information, contact Peake Wilson - (770) 541-0379.
Deadline to register for these seminars is NOW. Don’t Delay! Register Today!
Click here to register for June 21st in Duluth or Click here to register for June 22nd in Macon. Joequetta Jackson, Vice President, Professional Bank Services, Louisville, KY is the instructor. We look forward to seeing you in Duluth or Macon.
Click here to register for June 21st in Duluth or Click here to register for June 22nd in Macon. Joequetta Jackson, Vice President, Professional Bank Services, Louisville, KY is the instructor. We look forward to seeing you in Duluth or Macon.
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Compliance Lending School, Bank Directors' College & Cyber Risk Summit!
DEADLINE FOR CBA DISOUNTED HOTEL RATES IS IN JULY |
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Chateau Elan Winery & Resort
100 Rue Charlemagne Braselton, Georgia, 30517 678-425-0900 www.chateauelan.com |
The CBA has reserved a small block of hotel rooms at the discount rate of $169. To make your reservation, please call the Hotel directly at (678) 425-0900 or (800) 233-9463. The deadline to receive the CBA hotel rate is Friday, July 8, 2016, or until the room block is full.
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The Ritz-Carlton Lodge, Reynolds Plantation
1 Lake Oconee Trail Greensboro, Georgia 30642 (706) 467-0600|The Ritz-Carlton Lodge, Reynolds Plantation |
To make a hotel reservation, please contact the resort at (800) 944-5884 by referencing CBA Bank Directors’ College. The deadline to receive the CBA hotel rate of $225 is Tuesday, July 14, 2016, or until the room block is full.
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The Westin Savannah Harbor Golf Resort & Spa
1 Resort Drive Savannah, GA 31421 (912) 201-2000 www.westinsavannah.com |
The CBA has reserved a small block of hotel rooms at the discount rate of $189 single/double occupancy. To make a hotel reservation, contact the resort's Central Reservations Office at (800) 228-3000 and reference the CBA of Georgia. The deadline to receive the CBA hotel rate is Wednesday, July 15, 2016, or until the room block is full.
12 Year-Old Inspires All She Touches
The story of MeiMei White is amazing. MeiMei is the daughter of Michael White, of James-Bates-Brannan-Groover, CBA's General Counsel and Associate Member. In the pool, MeiMei appears to be like any other swimmer. But a closer look reveals a remarkable youngster with an outlook on life that is truly inspirational. Watch video.
The story of MeiMei White is amazing. MeiMei is the daughter of Michael White, of James-Bates-Brannan-Groover, CBA's General Counsel and Associate Member. In the pool, MeiMei appears to be like any other swimmer. But a closer look reveals a remarkable youngster with an outlook on life that is truly inspirational. Watch video.
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Georgia Banks Among the Best of the Best
Congratulations to Georgia's Community Banks that were featured in Independent Banker Magazine for Best of the Best for Return on Average Assets and Return on Average Equity. Click here to view the listings. |
Heritage Community Foundation Gives Back
The Heritage Community Foundation recently presented a grant to Kaye Sheets, Executive Director, and Sandy Craig, Board Member, of Samaritans Together of Henry County, Inc. The $2,500 grant will be used to purchase a new computer server. The mission of Samaritans Together of Henry County, Inc. is to provide rent and/or utility assistance to the needy people of Henry County.
The Heritage Community Foundation recently presented a grant to Kaye Sheets, Executive Director, and Sandy Craig, Board Member, of Samaritans Together of Henry County, Inc. The $2,500 grant will be used to purchase a new computer server. The mission of Samaritans Together of Henry County, Inc. is to provide rent and/or utility assistance to the needy people of Henry County.
The Heritage Community Foundation also presented a grant to Shane Persaud, Regional Director, United Way, and Betsy Brown, County Engagement Director, United Way, recently. The $500 grant will be used to purchase gas cards for Henry County veterans. Vets Connect in Henry County provides the support and services that homeless veterans need to secure permanent housing, and on a path to the American dream.
Board Members of the Heritage Community Foundation introduced Vanessa Wilkins, Executive Director, Promise Place to David and Linda Clark, owners of C&C Fence Company in McDonough. C&C Fence Company, a Heritage Community Foundation Partner, is providing Promise Place with a sliding gate, call box, and gate security system for its shelter. The mission of Promise Place is to prevent domestic violence and provide safe environments for victims and their families.
Mount Vernon Bank Honored by SBA
Mount Vernon Bank was recently honored at a small business award ceremony as a Top Third-Party Lender for U.S. Small Business Administration (SBA) 504 Loans. Dwight Stout, Executive Vice President, was on hand to accept the award.
Mount Vernon Bank was recently honored at a small business award ceremony as a Top Third-Party Lender for U.S. Small Business Administration (SBA) 504 Loans. Dwight Stout, Executive Vice President, was on hand to accept the award.
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PrivatePlus Mortgage- Atlanta Adrienne Smith has been named Senior Underwriter. PrivatePlus Mortgage- Atlanta Natalie Patterson has been named Post Closer. PrivatePlus Mortgage- Atlanta Tashia Hanna has been named Senior Loan Processor. |
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 Jodi Swilley. For assistance with Corporate Events, contact Peake Wilson.
June 2016
Mortgage Lending – Start to Finish
Wednesday, June 15 - Macon
Complying With The New Mortgage Disclosures / TRID
Thursday, June 16 - Macon
Inaugural Senior Retail Banking Forum, Session I
Tuesday, June 21 – Atlanta
Georgia Deposit Documentation
Tuesday, June 21 - Duluth
Wednesday, June 22 – Macon
2016 Webinars
Click here to view webinar listing and to register.
2016 On-Line Training
Click here for on-line training with Bankers Edge
(Bankers Edge is a CBA Endorsed Member Company)
Mortgage Lending – Start to Finish
Wednesday, June 15 - Macon
Complying With The New Mortgage Disclosures / TRID
Thursday, June 16 - Macon
Inaugural Senior Retail Banking Forum, Session I
Tuesday, June 21 – Atlanta
Georgia Deposit Documentation
Tuesday, June 21 - Duluth
Wednesday, June 22 – Macon
2016 Webinars
Click here to view webinar listing and to register.
2016 On-Line Training
Click here for on-line training with Bankers Edge
(Bankers Edge is a CBA Endorsed Member Company)
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June, July & August 2016
38th Annual Leadership Division Convention & Mini-Trade Show Wednesday – Sunday, June 22-26, 2016 Disney’s Contemporary Resort, Lake Buena Vista, FL 48th Annual Meeting & Trade Show – PASSPORT REQUIRED Wednesday – Sunday, July 20-24, 2016 Fairmont Southampton, Bermuda 3rd Quarter Banker Regulatory Forum Thursday, August 4, Macon 3rd Quarter Community Bank Leadership Academy Wednesday, August 17, Macon |
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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
Senior Retail Banking Forum, Session I
June 21 – Atlanta
Georgia Deposit Documentation
June 21 - Duluth
June 22 – Macon
Leadership Division Convention & Mini-Trade Show
June 22-26, 2016
Lake Buena Vista, FL
Senior Retail Banking Forum, Session I
June 21 – Atlanta
Georgia Deposit Documentation
June 21 - Duluth
June 22 – Macon
Leadership Division Convention & Mini-Trade Show
June 22-26, 2016
Lake Buena Vista, FL
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