SDBA eNews

October 20, 2022

Bankers Observe Get Smart About Credit Day Today!

Bankers across the country will bring financial education to teens and young adults nationwide this year as part of the ABA Foundation’s Get Smart About Credit initiative, which is sponsored by Ally Financial, Citi, U.S. Bank and Wells Fargo. In observance of Get Smart About Credit Day today, bankers will share resources with students about managing money, including paying for college, knowing their credit score, budgeting and protecting their identity.

Since 2002, bankers have typically visited thousands of classrooms in every state with in-person and virtual lessons. The ABA Foundation will hold a free webinar on October 20 at 2 p.m. EST for bankers who want to learn about inventive approaches for educating teens, college students and underserved communities on personal finance. The foundation has also added new infographics to its collection of free resources that banks can use to educate young adults about scams involving scholarships and student loans.

Learn more about the Get Smart About Credit initiative.

Learn more and register for today’s webinar.

Download the Get Smart About Scholarship and Student Loan Scams infographic.

Download the Get Smart About Student Loan Debt Forgiveness infographic.


Banker of the Year Nominations Close November 1

Every January, BankBeat names a Banker of the Year, based on nominations submitted by people in the industry. The Banker of the Year program is sponsored by Bell Bank.

Nominations for Banker of the Year are accepted at any time, yet submissions close on November 1. Any banker who runs a sound bank and has made substantial contributions to his or her bank and community make excellent nominations.

The banker should be the president, CEO or chairman of a bank from one of the following states: Colorado, Illinois, Indiana, Iowa, Kansas, Montana, Michigan, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Wisconsin or Wyoming.

Send nominations by November 1 to Mara Gawarecki [email protected] or use snail mail: BankBeat, NFR Communications, 250 Prairie Center Drive, Ste. 300, Eden Prairie, MN 55344.

Click HERE to nominate a banker online. 


Join the SDBA: 'On a Roll' - October 25 & 26 

Back by popular demand, the SDBA is rollin' again, this time coming to you virtually! If you attended one of our spring 'This is How We Roll' sessions, many of you who responded to the post-event survey indicated you'd like to attend future 'roll' events. We are making that happen, and we can't wait to see you via Zoom! 

As valued members and partners to the SDBA, we invite you to join us on Tuesday & Wednesday, October 25 & 26 at 10 a.m. daily via Zoom as we forecast what we're anticipating for the 2023 legislative session; broadly discuss banking topics and trends affecting our industry, both at the state and national levels; updates on the SD Bankers Foundation Scholarship Opportunities; and it wouldn't be a 'roll' event if we didn't talk about the value of MEMBER ENGAGEMENT

Please consider blocking off some time to join us via Zoom on either October 25 or October 26 at 10 a.m. CDT. The program will be live both days but will repeat, so you DO NOT need to tune into both sessions. Again, these sessions are FREE and I encourage any and all members of your team to attend--frontline to CEO--all bankers are encouraged and welcome, should your schedules allow. That said, registration is REQUIRED, and the registration links are below. Additionally, your bank is welcome to livestream/simulcast the event; however, everyone attending must be registered.

Register for October 25 virtual 'On a Roll' event.

Register for October 26 virtual 'On a Roll' event.

Why register? All who register AND attend either day will be eligible for a drawing for a door prize. Individual registration + event attendance either day = door prize eligibility. If you have questions, contact [email protected].


Reminder: Annual Security Seminar to be Held in Sioux Falls on October 27

The Annual Security Seminar will be held on October 27, 2022 in Sioux Falls, S.D. at Hyatt Place Sioux Falls South. This well-rounded seminar presented by Barry Thompson focuses on a range of issues of concern to security officers, facility personnel, and management. Using current trends and examples, a variety of topics will be covered: 

  • The Security and Fraud Practitioner
  • Active Shooter: The Warning Signs
  • Cash Recyclers, Pod Banking, and ITMs
  • I Knew Something Was Wrong
  • Board Reporting: The Security Perspective

Security officers or directors, operations managers, auditors, HR directors, legal staff, loan officers, disaster recovery managers, collection staff and fraud investigators would benefit from this seminar. Registration can be found by clicking here. 


SDBA Fall IRA Update to be Held in Sioux Falls on November 3

The SDBA will hold the Fall IRA Update Seminar on November 3, 2022, at the Ramkota Hotel in Sioux Falls, S.D. The IRA Update builds on the attendees’ knowledge of IRA basics to address some of the more complex IRA issues their financial organizations may handle. This course includes how the SECURE Act really changes our two biggest topics: RMDs and death distributions and discusses any pending legislation. This is a specialty session; some previous IRA knowledge is assumed. The instructor Matthew Dickinson uses real-world exercises to help participants apply information to job-related situations.

This course is most appropriate for IRA administrators, personal bankers, or member services personnel who have a working knowledge of basic IRA operations and wish to expand their expertise and provide enhanced customer service; financial professionals who recognize that IRAs play an integral role in retirement planning; compliance specialists with procedural oversight of IRA policies and practices; or support personnel responsible for promotional materials that describe the services provided by their financial organizations.

See the full agenda and register to attend: 2022 SDBA Fall IRA Update.


Meet the Industry Event to be Held in Vermillion on November 16

The University of South Dakota's Beacom School of Business - Career Success Center is planning a Meet the Industry event for Wednesday, November 16 from 3:00pm-5:00pm for employers to come on campus and network with their students!

The event will be set up as a speed networking format so employers will have a table set up and small groups of students will rotate around and visit with each table in 10 minute intervals for approximately one hour. The last 30-45 minutes of the event will be an open time for students to visit more in depth with you or to make connections with your company. During your 10 minutes you are welcome share information about your company and any full-time, part-time, or internship opportunities that you may have available immediately or in the near future (e.g. spring 2023 or summer 2023). At the event you may collect student contact information when you visit with students to keep in touch with them. And of course, you are welcome to have recruitment materials and any promotional items for your company as well!

Would you be interested in participating in this event? If so, please register today as there is a limited number of tables available!

Meet the Industry Registration Link 


Enrollment is Now Open for GSB at Colorado's 72nd Annual School Session

The Graduate School of Banking at Colorado will host their Annual School Session on July 16-28, 2023, in Boulder, C.O. 

During the Annual School Session, students take courses that are designed and regularly updated to tackle relevant topics in the community banking industry. Students attend three consecutive annual two-week sessions at CU Boulder, and have numerous opportunities to network with bankers from their states and across the country. 

To view more details and to register, click here. 


CISA News: Cybersecurity Basics For Passwords and Password Management

Creating long, random and unique password is a critical step to protecting yourself online. Using long passwords is one of the easiest ways to defend yourself from cybercrime. The most secure way to store all your unique passwords is by using a password manager. With just one password, a computer can create and save passwords for every account that you have— protecting your online information, including credit card numbers and their three-digit codes, answers to security questions, and more.

STRONGER PASSWORDS INCREASE SECURITY

• Use a long passphrase with 12 or more characters. Use the longest password or passphrase permissible. For example, you can use a password manager or passphrase such as a news headline or even the title of the last book you read.

• Don’t make passwords easy to guess. Do not include personal information in your password such as your name or pets’ names. This information is often easy to find on social media, making it easier for cybercriminals to hack your accounts.

• Keep your passwords on the down low. Do not tell anyone your passwords and watch for attackers trying to trick you into revealing your passwords through email or by phone. Every time you share or reuse a password, it chips away at your security by opening more ways with which it could be misused or stolen.

• Use unique passwords. Having different passwords for various accounts helps prevent cyber criminals from gaining access to these accounts and protects you in the event of a breach.


  Compliance Alliance logo

QUESTION OF THE WEEK

Q. We require a customer letter for debit card disputes, and we need the letter to submit to our processor for their investigation. If the customer does not provide us with their letter, do we have to close the case with the customer on that 10th business day and give them final credit?

A.  You are permitted to require the consumer give written confirmation of an error within 10 business days of oral notice.
https://www.consumerfinance.gov/rules-policy/regulations/1005/11/#b-2

If the written confirmation is not provided you are still required to provide final credit if there was an error but you are not required to provide provisional credit when/ifthe investigation extends beyond ten days.
https://www.consumerfinance.gov/rules-policy/regulations/1005/interp-11/#11-b-2-Interp

You would not be required to immediately close the case and provide credit if you have not yet reached the determination that there was in fact an error.

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.


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Questions/Comments
Contact Haley Juhnke, SDBA, at 605.224.1653 or via email.