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Association Updates - Page 2

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.

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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.

 

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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.

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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…)

ABA Robbery Database Adds ATM Crime Feature

February 1 – The American Bankers Association’s nation-wide bank robbery database, known as ABA Bank Capture, has a new interactive feature that allows subscribers to input ATM crime data — including ATM skimming — providing even more actionable intelligence to help reduce financial crime. (more…)

ABA Report: Credit Card Market Continues Expansion in Third Quarter

January 31 – The credit card market continued to gain steam in last year’s third quarter as the economy strengthened, according to the American Bankers Association’s latest Credit Card Market Monitor. On an annual basis, monthly purchase volumes rose between 6 and 9 percent across risk tiers (subprime, prime, and super-prime), consistent with a tightening labor market and rising consumption levels. (more…)

ICBA Lawsuit Against NCUA Dismissed

January 25 – A federal district court dismissed the Independent Community Bankers of America’s lawsuit against the National Credit Union Administration and its member business lending rule, stating that the grievances were not timely and that ICBA lacked standing. (more…)

Top Priorities for 2017: Accelerating Merchant Chip Enablement and Securing Card-Not-Present Channel

January 30 – The U.S. Payments Forum has released its winter 2017 market snapshot, providing updates on the status of the U.S. EMV chip migration, 2017 priorities for accelerating merchant chip enablement and securing the card-not-present channel, and recently-released resources for the payments industry. The U.S. Payments Forum, a cross-industry body focused on deployment of new and emerging payments technologies in the U.S., has been the source for EMV implementation guidance since the start of the migration in 2012, and recently expanded its scope to support the introduction and implementation of additional new and emerging payment technologies.

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FinXTech 2017 Advisory Group Announced

January 24 – FinXTech, powered by Bank Director, has announced its 2017 Advisory Group comprised of a select number of technology startup founders, established technology providers, innovation leaders in banking, investors and government and non-government policy leaders – all of which make up the FinXTech ecosystem.

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