Colleagues, fellow professionals and friends,
This past week we inaugurated another season of Thanksgiving and, so, for this edition of our BankLine newsletter I offer for your contemplation a compilation of some thoughts from past Presidential Thanksgiving Proclamations drawn from both sides of the political aisle. I have interwoven the thoughts and omitted the names of Presidential authors so that we might see a common thread and pervading spirit of Thanksgiving that should unite us as fellow citizens and countrymen.
When we review the calamities which afflict so many other nations, the present condition of the United States affords much matter of consolation and satisfaction...More than three centuries ago, the Pilgrims, after a year of hardship and peril, humbly and reverently set aside a special day upon which to give thanks to God for their preservation and for the good harvest from the virgin soil upon which they had labored. Grave and unknown dangers remained. Yet by their faith and by their toil they had survived the rigors of the harsh New England winter. Hence they paused in their labors to give thanks for the blessings that had been bestowed upon them by Divine Providence...
...It has pleased Almighty God to prolong our national life another year, defending us with His guardian care...This year, as the harvest draws near its close and the year approaches its end, awesome perils again remain to be faced. Yet we have, as in the past, ample reason to be thankful for the abundance of our blessings. We are grateful for the blessings of faith and health and strength and for the imperishable spiritual gifts of love and hope. We give thanks, too, for our freedom as a nation; for the strength of our arms and the faith of our friends; for the beliefs and confidence we share; for our determination to stand firmly for what we believe to be right and to resist mightily what we believe to be base; and for the heritage of liberty bequeathed by our ancestors which we are privileged to preserve for our children and our children's children...
...It is right that we should be grateful for the plenty amidst which we live; the productivity of our farms, the output of our factories, the skill of our artisans, and the ingenuity of our investors. But in the midst of our thanksgiving, let us not be unmindful of the plight of those in many parts of the world to whom hunger is no stranger and the plight of those millions more who live without the blessings of liberty and freedom. To all we can offer the sustenance of hope that we shall not fail in our unceasing efforts to make this a peaceful and prosperous world for all mankind...
...It is therefore recommended to the people of the United States [that] they reverently invoke the divine guidance for our national counsels, to the end that they may speedily result in the restoration of peace, harmony, and unity throughout our borders and hasten the establishment of fraternal relations among all the countries of the earth...Let us observe this day with reverence and with prayer that will rekindle in us the will and show us the way not only to preserve our blessings, but also to extend them to the four corners of the earth. Let us by our example, as well as by our material aid, assist all peoples of all nations who are striving to achieve a better life in freedom... Let us remember that, as much has been given us, much will be expected from us; and that true homage comes from the heart as well as from the lips and shows itself in deeds. We can best prove our thankfulness to the Almighty by the way in which on this earth and at this time each of us does his duty to his fellow men...
...For the unity of spirit which has kept our Nation strong; for our abiding faith in freedom; and for the promise of an enduring peace, we should lift up our hearts in thanksgiving.

Quote attributions can be found at the end of the newsletter. 

I hope this edition of BankLine has many items of interest for you. 


James W. Bruce, III
CEO and General Counsel, American Bank Systems SpotlightMarch

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Check out these recent posts to our Compliance Blog by our very own team of compliance specialists.
Calculating Days in Compliance Pro
By Cody Roberts
Posted November 28, 2016

Have you had to calculate timeframes for a Regulation CC hold notice? How long do you have to file a Suspicious Activity Report?  When do you need to send a Regulation B adverse action notice?  When looking at transactions in the past, has your compliance officer or auditor needed to be able...   View Article

Revised Mortgage Servicing Rules
By Elva Coffey-Sears
Posted November 14, 2016

The revisions to the Mortgage Servicing Rules under RESPA and TILA released by the CFPB on August 4, 2016 were (finally) published in the Federal Register (FR) on October 19, 2016, thus establishing effective dates of October 19, 2017 for the majority of the amendments, and April 19, 2018 for the amendments relating to successors in interest and periodic statements for borrowers in bankruptcy.
View Article

Revisions to Regulation E and Regulation Z Covering PrePaid Accounts
By Gina Ellis
Posted October 31, 2016

The Consumer Financial Protection Bureau finalized amendments to Regulation E and Regulation Z on October 5, 2016. The new requirements to provide additional consumer protections and disclosures to prepaid accounts are effective October 1, 2017. Prepaid account access devices or packaging material that are manufactured, printed or otherwise produced in the normal course of business prior to October 1, 2017 will not need to be removed or replaced. Instead financial institutions will be required to provide a change in terms notification and updated initial disclosures.  View Article

E-Sign with Digital Authentication versus Signature Pads
By Jay Bruce and Benjy Cook
Posted October 17, 2016

Digital authentication creates a unique alpha-numeric identifier for each signer in a transaction and places that identifier on every document, on the appropriate signature line, wherever that person's signature is required. The identifier is also placed under the signature line of the Electronic Signature Consent Form that is signed by the borrower using wet ink.
View Article

Compliance Risks from the OCC
By Cody Roberts
Posted October 3, 2016

Occasionally, a governmental agency issues a helpful document. Recent straw polls of compliance officers suggest this would not include the new Uniform Residential Loan Application-which now stretches to 7 pages minimum for a purchase loan (see our recent blog entry here on this form).  View Article


Document Cabinet in BankManager® Elite
The Document Cabinet in BankManager® Elite is a virtual filing cabinet great for storing non-customer documents, specific types of customer documents and sensitive documents. Security settings provide admins with the ability to limit users' permission to view and access the Document Cabinet right down to specific drawers within the cabinet!
The Document Cabinet is an ideal filing area for:
  • Adverse Action documents for both customers and non-customers
  • Flood documents
  • Board Meeting Minutes
  • Board Member Financials
When examiners ask to see all credit denials for a specific time period, all it takes is the click of a few buttons to prepare and organize the requested documents into a downloadable file for their review.
To find out more about using the Document Cabinet in BankManager® Elite, please consult the BankManager® Elite User Guide or contact our ABS Customer Care Team at 405-607-7000.

In order of quote appearance: George Washington, John F. Kennedy, Abraham Lincoln, Theodore Roosevelt, Franklin D. Roosevelt 

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