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Community Bankers Association of Illinois
Community Bankers Association of Illinois    Community Bankers Association of Illinois CBAI E-Newsletter Sponsor - SHAZAM
 
     A Bi-Weekly News Bulletin for CBAI Members                                    September 13, 2017

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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois
  • Download CBAI’s Convention App and Get All Event Details!
  • Equifax Breach Could Affect 143M Consumers
  • ICBA: Community Banks Protecting Customers Following Equifax Breach
  • ICBA and CBAI Spotlight Tax Encroachment as Credit Unions Go to Washington
  • CBAI Again Urges Call Report Relief
  • Be Heard on Basel III Proposal
  • Flood Insurance Extension Signed into Law
  • Farm Bill Listening Session Held at Farm Progress Show
  • FDIC Issues Q4 2017, Q1 2018 Exam Schedules
  • Investment News From THE BAKER GROUP
  • America’s Manufacturers Showing Momentum
  • Arthur J. Gallagher & Co. Named World's Most Ethical Company
  • How Millennials’ Finance Habits Differ from Previous Generations
  • When Talking About Robbery Deterrence, Make It Personal
  • Fitech Payments Promotes Shawn Dillon to President
  • October Breast Cancer Awareness Products + 10% Off Your Order!
  • CBIS: Surety Bonds for Community Banks
  • The Keys to Bank-to-Business Selling Set for October 3
  • ACH: Stay Informed and In Compliance Scheduled for October
  • Universal Banker Skills Slated for October 5


  • Download CBAI’s Convention App and Get All Event Details!

    Our 43RD ANNUAL CONVENTION begins tomorrow in Springfield with more than 100 banks registered! CBAI has a new Convention App that allows you to have all the convention details and more at your fingertips. This interactive app features your personal profile, activity feed, agenda, exhibitor information, surveys, speaker materials, and hotel maps. Plus, you can “follow” other attendees, post comments, and more! To get CBAI’s convention app, just open your device’s app store, search for CBAI Convention, install the app, and open it. See Convention Details.

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    Equifax Breach Could Affect 143M Consumers

    Last week, Equifax reported the personal data of 143 million US consumers--nearly half the country-- was potentially compromised. The data now at large includes names, Social Security numbers, birthdates, addresses and driver’s license numbers, all of which can be used fraudulently to validate the identity of someone trying to open a bank or credit account in another person’s name. Below are informational articles that you may find useful.

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    ICBA: Community Banks Protecting Customers Following Equifax Breach

    ICBA said community banks are deeply concerned about the compromise of millions of Americans’ personal information at Equifax. Community banks’ primary concern is to protect their customers from fraud and will vigilantly guard their financial assets, ICBA President and CEO Cam Fine said in a statement.

    Following the breach of as many as 143 million Americans’ personal information, ICBA provided links to guidance on repairing identity theft and safeguarding consumer data. ICBA also sent a letter to Equifax to urge the company to notify affected customers and issuers immediately.Read Release. Read Letter.

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    ICBA and CBAI Spotlight Tax Encroachment as Credit Unions Go to Washington

    With credit union representatives in Washington this week for meetings with policymakers, ICBA and CBAI are calling on community bankers to contact Congress about the credit union industry’s encroaching tax subsidy. Community bankers can use a customizable letter on ICBA’s website to spotlight how the National Credit Union Administration is circumventing Congress.

    The custom letter supplements ICBA’s message to lawmakers this week regarding how the NCUA is expanding credit union commercial lending powers, providing a nearly unlimited field of membership, and loosening restrictions on outside investor capital. Contact Congress Now. Read Talking Points.

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    CBAI Again Urges Call Report Relief

    In a comment letter dated August 28, 2017, CBAI again urged the OCC, FDIC and the Federal Reserve (Agencies) to provide meaningful Call Report regulatory relief for community banks. CBAI’s letter was in response to the Agencies proposed revisions primarily related to deleting or consolidating items, raising certain thresholds, and reducing the reporting frequency for several items. However, these changes will impact only 7% of Call Report data items. This is certainly not meaningful regulatory relief for community banks and the Agencies were urged to do significantly more.

    In addition, CBAI urged the Agencies to increase the asset exemption threshold for Eligible Institutions to a minimum of $10 billion so that all community banks will be eligible for Call Report relief. Finally, CBAI urged the Agencies to implement a true short-form or streamlined Call Report which would be available to well-capitalized and highly-rated community banks for the first and third quarters of the year and that this Call Report should consist only of a simple the balance sheet, income statement, and changes in capital. Read Comment Letter.

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    Cardholder dispute calls can strain your staff members and disrupt their day. It’s difficult to keep up with the required training and regulations and manage the documentation trail. Let SHAZAM handle the complex dispute process on your behalf with Dispute Resolution Services — eliminating the need for a dedicated specialist on your staff. We’ll manage inbound cardholder calls, investigations and documentation in a seamless and professional manner for your institution. Disputes happen, learn more about how we can help!



    Be Heard on Basel III Proposal

    The banking agencies are proposing to pause final implementation of the Basel III capital rules for certain bank assets, such as mortgage-servicing rights and investments in other banks. The agencies are also looking at a more permanent Basel III fix for community banks to bring much-needed CBAI and ICBA-advocated capital relief.

    CBAI and ICBA are encouraging community bankers to let Washington know changes to the community bank capital framework are long overdue. ICBA has created a preformed letter that members can use to customize responses to show the impact on their banks. Read Regulatory Proposal. Contact Regulators.

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    Flood Insurance Extension Signed into Law

    Legislation extending the National Flood Insurance Program through Dec. 8 was recently signed into law by President Donald Trump. The extension of the program, which was set to expire on Sept. 30, was included in a government spending package that includes emergency aid following Hurricane Harvey. ICBA and CBAI continue to work with Congress on behalf of a timely reauthorization of the NFIP clarifying that private flood insurance policies satisfy mandatory purchase requirements.

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    Farm Bill Listening Session Held at Farm Progress Show

    On August 30, 2017, members of the U.S. House Agriculture Committee hosted a farm bill listening session at the Farm Progress Show in Decatur. The 2 ½ hour meeting marked the fifth such session the House Ag Committee has held across the country. Illinois’ three congressional members on the committee attended: U.S. Representatives Rodney Davis (R-Taylorville), Mike Bost (R-Murphysboro), and Cheri Bustos (D-East Moline). U.S. Representative Darin LaHood (R-Dunlap), also participated in the hearing.

    Several attendees urged maintaining a strong crop insurance program, the Environmental Quality Incentives Program, and the Conservation Stewardship Program. Read IFB Article. Read House Committee Release.

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    FDIC Issues Q4 2017, Q1 2018 Exam Schedules

    The FDIC released the public list of institutions it has scheduled for a Community Reinvestment Act examination for the fourth quarter of 2017 and the first quarter of 2018. Scheduled examinations are based on a bank's asset size and CRA rating. See FDIC Release.

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    Investment News From THE BAKER GROUP

    Baker Market Update

    The series of four rate hikes that began at the end of 2015 would support the contention that the economy had broken out of its loop and needed to be reined in. Minneapolis Fed President Neel Kashkari addressed this loopiness with his observation that “…we at the Fed might be making one of two fundamental mistakes…”. That’s right; the “M” word. See Baker Market Update.

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    America’s Manufacturers Showing Momentum

    America’s manufacturers are showing signs of fabricating some genuine momentum.

    Toss in improvement among U.S. builders and miners and the U.S. is undergoing the blue-collar revival that President Donald Trump has been pushing. Gary Cohn, the top economic adviser at the White House, told CNBC that the country is seeing jobs being created in the sectors that need them.

    Manufacturing expanded in August at the fastest pace in more than six years, the Institute for Supply Management said recently. The increase from the previous month was driven mainly by the group’s gauge of factory employment, which reached the highest level since June 2011. Read More.

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    Arthur J. Gallagher & Co. Named World's Most Ethical Company

    CBAI’s bank insurance services partner, A. J. Gallagher, has been recognized for the sixth consecutive year as a World's Most Ethical Company by the Ethisphere Institute. Gallagher is the only insurance broker to have been so recognized, underscoring their commitment to leading ethical business standards and practices. Read More.

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    How Millennials’ Finance Habits Differ from Previous Generations

    Millennials have more loans and carry fewer credit cards than the generations before them, a new study found. According to a TransUnion analysis of the differences in personal finance patterns between Millennials (born between 1980-1994) and Gen Xers (born between 1965-1979), the younger generation is not only carrying fewer credit cards, but they are also maintaining lower balances on the ones they do carry. Read More.

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    When Talking about Robbery Deterrence, Make It Personal

    Former law-enforcement agent Mike Peterson is often asked, “why should we do in-person training? We use a video to do our robbery training for employees and it seems to work just fine.” A recent experience at a bank answers that question.

    Read Peterson’s thoughts on robbery training. If you heard his presentation at a 2017 CBAI Group Meeting, you know he’s the real deal. Read More.

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    Fitech Payments Promotes Shawn Dillon to President

    Fitech Payments, CBSC preferred provider of payment-processing solutions, has promoted Shawn Dillon from general manager to president. Dillon’s background in sales combined with his knowledge of community banking, has helped him build the Fitech brand into a leading payments provider for community banks. Read More.

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    October Breast Cancer Awareness Products + 10% Off Your Order!

    October is only a few short weeks away, and through the month of September Midwest Office is offering an additional 10% off your order on select Breast Cancer Awareness products! Look at the attached flier and contact Luke Weller for details and pricing! Special pricing for CBAI Members only! See October Specials.

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    CBIS: Surety Bonds for Community Banks

    The National Flood Insurance Program, operated by the Federal Emergency Management Agency, is set to expire at the end of September. Bipartisan bills in Congress under consideration would extend the program with potential substantial changes. Read More.

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    The Keys to Bank-to-Business Selling to be Held October 3

    Small business is actively looking for lending and deposit alternatives, often with a non-bank. This engaging seminar looks at the ways a community bank can find small-business loan and deposit opportunities and find them faster than your competitors. The first strategy is to generate more small-business loans and deposits from your existing customers. The second strategy is to take opportunities from your competitors. This seminar focuses on tactics that help you discover, qualify, and take all available loan and deposit opportunities. The program focuses on the concepts of identifying opportunities, deciding which businesses make sense to work with, and which businesses you might consider for specialization. Leading this seminar is Duane F. Sobecki, CEO of Focused Results, LLC, a sales strategy, consulting, and training firm.

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    ACH: Stay Informed and In Compliance Scheduled for October

    In the ever-changing world of ACH, it is difficult to stay abreast of the risks involved and the ever-changing rules. The presentation gives community banks ideas for reducing risk and improving compliance. The ACH-Rule changes that are effective from 2016 – 2018 are also explained in a practical, easy-to-understand approach. Nicole Meinhardt, CPA, AAP and senior manager at Wipfli LLP, Sterling, IL, leads this seminar.

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    Universal Banker Skills Slated for October 5

    The role of the personal/universal banker has been enhanced with the advancement of technology, but the customer emphasis has changed to relationship from transactions. Universal bankers used to enjoy a steady stream of customers at our branches. Now, most of us have peak periods when customers crowd our lobbies, but there are very real lulls during the business day that we need to fill with meaningful activity. The levels of professionalism and commitment for us as universal bankers have never been as high as is required in today's banking environment. We're ready for the challenge, and this lesson highlights the journey of our continued skills development as we serve our customers and grow the bank. Jennie Sobecki, co-owner of Focused Results, a company concentrating in results-driven process consulting and training experience in community banks and financial institutions leads this program.

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