Compliance Guide

Association Updates

Trade Groups Have Mixed Reviews of EGRPRA Report

March 24 – Trade groups representing banks and credit unions had mixed reactions to a joint report to Congress by member agencies of the Federal Financial Institutions Examination Council about their efforts to reduce regulatory burden. The mandatory review was conducted as part of the Economic Growth and Regulatory Paperwork Reduction Act by the Federal Reserve System Board, the Office of the Comptroller of the Currency and the FDIC, and in conjunction with the National Credit Union Administration. (more…)

ABA Testifies on Lack of New Bank Charters

March 20 – The drought of new bank charters is strong evidence that the economics for new community banks don’t work, according to testimony from the American Bankers Association before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit. (more…)

Bankers’ Optimism Reflected at ICBA Annual Meeting

Focus remains on lightening regulatory burden, while practical matters like customer experience gain attention.

By Toni Lapp

March 20 – The Independent Community Bankers of America Community Banking Live! organizers could hardly have hoped for a more optimistic set of circumstances surrounding ICBA’s annual meeting March 15-18.  The Federal Reserve announced an interest rate increase on the first full day of the conference, which came a week after ICBA leadership met with President Donald Trump; needless to say, the mood was upbeat at the event in San Antonio, Texas. (more…)

NACHA Introduces the Faster Payments Experience

March 20 – NACHA—The Electronic Payments Association will introduce the Faster Payments Experience — a consummate educational opportunity encompassing sessions and solutions that focus on real-time, same-day and other faster payments initiatives — at PAYMENTS 2017, the premier event for the payments industry that will take place April 23-26 in Austin, Texas.


ICBA Announces 2017 Community Banking Policy Priorities

March 20 – The Independent Community Bankers of America has announced its top legislative and regulatory priorities for 2017. ICBA made the announcement at its ICBA Community Banking LIVE national convention in San Antonio.


BAI Announces the 2017 Global Innovation Awards Are Open for Entry

March 20 – Entries are now open for the 2017 BAI Global Innovation Awards. With 13 honors spanning 10 categories, BAI’s Awards celebrate the greatest achievements and innovations in the financial services industry. Nominations will be accepted through Friday, April 28, 2017, with a shortlist of nominations for each category announced by late summer. Winners will be recognized at BAI Beacon 2017 (Oct. 4-5) in Atlanta.


White House Meets With Community Bankers

By Toni Lapp

March 9 – Despite recent headlines about health-care reform, immigration bans, the CIA and Wikileaks, regulatory relief remains on President Trump’s agenda, evidenced by his meeting with community bankers from across the country. He later described the meeting in a tweet as a “great listening session.”

The president said he was concerned with the impact of banking regulations on access to credit, and he noted that community banks provide about half of all loans to small businesses.

Donald Trump meets with community banking groups

Representatives of two major community banking groups met with President Trump on March 9.



ABA Community Bankers Conference Focuses on Keys to High-Performance, Technology

By Bill Poquette, Editor-in-Chief

ABA Community Bankers Conference

Grace Brasington (right), vice president, risk and compliance cognitive solutions for banking and financial markets at IBM, intrigued community bankers with comments explaining how artificial intelligence will be applied to help identify and resolve compliance issues.


March 3 – There were sessions on artificial intelligence, cybersecurity, fintech, digital lending and other subjects du jour during the American Bankers Association’s National Conference for Community Bankers recently in Orlando. Also among about a dozen “Concurrent Deep Dive Sessions” were two structured along more traditional lines: “Don’t Just Maintain Independence – Thrive,” and “The Seven Secrets of Consistently High-Performing Community Banks,” both of which drew standing room only crowds of curious bankers. (more…)

NACHA’s Board of Directors Elects New Officers, Adds Two Representatives to Board Advisory Group

February 14 – NACHA—The Electronic Payments Association has announced the election of new officers to its Board of Directors. The Board oversees the governance and administration of NACHA and addresses topics of strategic significance to the ACH Network. It consists of 19 directors representing a diverse set of depository financial institutions of all sizes and types that use and support the ACH Network.


ABA Sues Government for Dividend Cut, Invokes Community Banks

February 10 – The American Bankers Association and Seattle-based Washington Federal have filed a class-action lawsuit on behalf of Federal Reserve member banks whose dividends were cut by policymakers in late 2015 as part of a highway-funding bill. (more…)

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