SDBA's IRA Basics Webinar | Thursday, December 14
Virtual Understanding Bank Performance | January 10-February 1Are you interested in gaining a deeper understanding of your bank's financial performance? Do you want to improve your decision-making abilities and learn more about the key drivers of your bank's success? If so, we invite you to attend the Virtual Understanding Bank Performance Program (UBP), which will take place in conjunction with the Washington Bankers Association in January. • Analyzing the balance sheet, income statement, and cash flow statement
This workshop is presented virtually on Wednesdays and Thursdays, January 10 through February 1. The dates are January 10, 11, 17, 18, 24, 25, 31, Feb 1, at 10 a.m. CST. Click here to review the full curriculum and register. 2024 Midwest Economic Forecast Forum | January 11Prepare for 2024 by joining an economic discussion with Federal Reserve Bank of Minneapolis First Vice President Ron Feldman. Time will be allowed for open Q&A during this virtual event. Bankers and community leaders are encouraged to invite their business clients to virtually share these economic insights. Individuals or group registration rates are available. Presented on Thursday, January 11, 11:00 a.m. - 12:00 p.m. CST (10-11:00 a.m. MST), by the Wisconsin Bankers Association, in partnership with the Illinois Bankers Association, Michigan Bankers Association, Minnesota Bankers Association, and the Wisconsin Bankers Foundation. Don't miss this unique economic forecast for 2024! Click here to review the agenda and register. ABA Check Fraud Claim DirectoryABA created the Check Fraud Claim Directory to help banks of all sizes resolve check fraud claims as efficiently as possible. Learn how your bank can participate below. ABA Check Fraud Claim DirectoryThe directory provides contact information for banks needing to file a check warranty breach claim with another financial institution. The directory is searchable by bank name, city, state or FDIC number so banks can easily find a person or email address at the bank to help resolve a warranty breach claim. A PDF with detailed information is available for those banks that provided documentation requirements for filing a claim. To access the directory, your bank must participate by providing its fraud contacts. The more banks that participate in the directory, the more helpful it will be to the industry. Submit Bank Claim InformationABA member and non-member banks are invited to participate in the ABA Check Fraud Claim Directory by submitting the appropriate check fraud claim contacts for their institution. Please provide contact information that will not be affected by personnel changes within the bank. ABA will verify all submissions before uploading them to the directory. We expect this process to take 5-10 business days but in rare instances there may be a longer delay. We will email you once your information is verified and your bank has been added to the directory. ABA member and non-member banks are encouraged to join this industry-wide effort to more efficiently resolve check warranty breach claims. Join the ABA Check Fraud Directory here. Call for Bank Compliance Leader Award Nominations!Don't miss out on this fantastic opportunity to recognize an individual who has had a positive impact not only as a compliance leader within the bank, but also on the community and industry as a whole. Make a nomination today!
Nominations must be submitted or signed by the bank's president, CEO, board director, member of senior management, their State Bankers Association, or a compliance officer. Submit a nomination. DEADLINE FOR SUBMISSIONS IS FEBRUARY 29, 2024.
Discover ABA’s Retail Banking CertificatesPersonal Banker CertificateMember Price: $795 Member Link: https://content.aba.com/Search/Default.aspx?Member=m&Query=ABA%20Personal%20Banker%20Certificate&TP=sdba Included Courses: Professional Certifications: 1.5 CAFP, CRCM; 1.25 CFMP, CSOP; 1 CCTS, CISP, CRSP, CTFA The estimated time to complete these 55 courses and exercises is approximately 13.5 hours. Students have access to the curriculum for 1 year from date of purchase. Universal Banker CertificateMember Price: $795 Member Link: https://content.aba.com/Search/Default.aspx?Member=m&Query=ABA%20Universal%20Banker%20Certificate&TP=sdba Included Courses: Professional Certifications: 1.5 CAFP, CRCM; 1.25 CFMP, CSOP; 1 CCTS, CISP, CRSP, CTFA The estimated time to complete these 44 courses and exercises is approximately 9.5 hours. Students have access to the curriculum for 1 year from date of purchase
CISA News: Holiday Scams‘Tis the season for the thieves to initiate gift card & toy scams – and anything else they can think of to steal. BBB Scam Alert: Looking for this season’s hot toy? Beware of scams
QUESTION OF THE WEEKQ. If we have a customer with a credit card which is currently delinquent according to the agreement, are we required to provide an Adverse Action Notice before closing it out due to charge off? A. Subject to any language within the loan agreement providing otherwise, the definition of "adverse action" within Regulation B provides a specific exemption for accountholders that are currently delinquent at the time an action is taken, as you can see below. Therefore, an adverse action notice is not necessary when closing an account due to a current delinquency. "(2) The term does not include: (ii) Any action or forbearance relating to an account taken in connection with inactivity, default, or delinquency as to that account; .... 2. Current delinquency or default. The term adverse action does not include a creditor's termination of an account when the accountholder is currently in default or delinquent on that account. Notification in accordance with § 1002.9 of the regulation generally is required, however, if the creditor's action is based on a past delinquency or default on the account." Compliance Alliance offers a comprehensive suite of compliance management solutions. To learn how to put them to work for your bank, call (888) 353-3933 or email [email protected] and ask for our Membership Team. For timely compliance updates, subscribe to Bankers Alliance’s email newsletters. SDBA eNews Archive Advertising Opportunity Questions/Comments |