DBA Digest for April 1, 2022
2022Teach Children to Save Day -
April 25th to April 29th!
IN PERSON Classroom Available!
Bankers! Time is running out to sign up today to be a guest teacher for 2022 Teach Children to Save Day. Make a difference by teaching elementary school students how to develop good savings habits today for a financially strong future!

Teaching is fun and easy! Complete video training is provided, and now available for viewing on the Teach Children to Save Day page! There are plenty of in-person classes available along with a handful of virtual classes.

This year's event, the 24th annual, is April 25th through 29th. The majority of classrooms will be in-person! Teach Children to Save Day educates elementary school students on the importance of developing personal savings habits to build a financially independent future. Over the years Delaware’s bankers have taught an important lesson on saving to over 225,000 kids.
2022 DBA Annual Meeting and Dinner - May 12th - DuPont Country Club!
Registration Now Open!
Registration is now open for the Delaware Bankers Association 127th Annual Dinner, May 12 at the DuPont Country Club, 1001 Rockland Road, Wilmington.

Hear keynote speaker Mark Lally, the CEO of First State Compassion. After a 20 year career in law enforcement, Mark trailblazed Delaware’s medical cannabis industry, creating industry-leading procedures and policies while focusing on delivering the best products and service to thousands of patients every month.

Sponsorships are available! Join these prestigious sponsors:
Federal Home Loan Bank of Pittsburgh
Young Conaway Stargatt & Taylor
Connolly Gallagher
Richards Layton & Finger
McCollum D'Emilio Smith Uebler
Belfint Lyons & Shuman
Potter Anderson Corroon
Santora CPA Group
Weiner Benefits Group
Women Connect Retreat - May 26th!
Kickoff the Memorial Day weekend at the Hyatt Place in Dewey Beach and enjoy a refreshing mind and body morning, inspirational keynote, sit down lunch, and early happy hour! The Women Connect Network serves as a catalyst to engage, empower and connect women in the Financial Services Industry. Sponsorships are available: email Corinne Stayton.
Northern Trust: Market Insights - April 14
We are pleased to invite you to join our quarterly discussion on the latest market and economic developments – and what they mean for investors, your portfolio and our oulook. 11 a.m. ET
Jenifer Jurden is a Cartoonist from Wilmington who has graciously provided her Planet Jurdy cartoons for the DBA Digest. Jurdy® is her other-worldly "Hero of Happyness" whose cartoons bring levity to humans worldwide.
10 Richards, Layton & Finger Lawyers Admitted to the Delaware Bar
Richards, Layton & Finger is pleased to announce that 10 associates of the firm have been admitted to the Delaware bar. “We are proud to welcome our newest members of the bar, and we congratulate them on this landmark achievement in their professional lives,” said Doneene Damon, president of Richards Layton. “Each one of them is a valuable addition to our firm, and I know they all share our enduring dedication to excellence and service—service to both our community and our clients.”

Our newly admitted attorneys, their law schools, and their areas of practice are:
  • Daniel Barrow, Washington and Lee University School of Law, 2021, Corporate Advisory
  • Jordan Cramer, Washington University in St. Louis School of Law, 2020, Corporate & Chancery Litigation
  • Nicholas D’Ambra, William & Mary Law School, 2021, Alternative Entities – LLC & Partnership Advisory
  • Cayla Dupuis, Notre Dame Law School, 2020, Corporate Trust & Agency Services
  • Samuel Gray, University of Iowa College of Law, 2021, Corporate & Chancery Litigation
  • Maya Jackson, University of Maryland Francis King Carey School of Law, 2021, Corporate Trust & Agency Services      
  • Tianshu Ji, Washington University in St. Louis School of Law, 2021, Corporate & Chancery Litigation
  • Kevin Kidwell, University of Maryland Francis King Carey School of Law, 2021, Corporate & Chancery Litigation
  • Thomas Malone, Washington University in St. Louis School of Law, 2021, Commercial Transactions
  • James McCauley, Notre Dame Law School, 2020 Bankruptcy & Corporate Restructuring
Troutman Pepper Insight: Eighth Circuit Holds Text System That Randomly Selects Phone Numbers From Database Does Not Qualify as ATDS

On March 24, the Eighth Circuit Court of Appeals issued an opinion, upholding separate district court decisions finding that a system that sends promotional text messages to phone numbers randomly selected from a database of customer information is not an automatic telephone dialing system (ATDS) under the Telephone Consumer Protection Act (TCPA). The concise opinion espouses a common sense reading of the word “produce,” finding that the word requires an ATDS to generate a random number, rather than to select a number randomly.
Ballard Spahr Consumer Finance Monitor: CFPB issues report on credit card late fees
The CFPB has issued a report titled “Credit card late fees” that discusses the consumer impact of late fees by card type, credit score, and geography, and market reliance on late fees. (Late fees are also among the fees at which the CFPB has taken aim in its “junk fees” initiative.) Following a pattern established under former Director Cordray, the CFPB used relatively neutral language in its report and more judgmental language in Director Chopra’s comments contained in the Bureau’s press release.

Director Chopra commented as follows:
Many credit card issuers have made late fee penalties a core part of their profit model. Markets work best when companies compete on price and service, rather than relying on back-end fees that obscure the true cost. Given their current practices, we expect that credit card issuers will hike fees, based on inflation, as limits continue to rise.
Wilmington University's Annual Golf Classic is BACK!
Wilmington University will be hosting the Annual Scholarship Golf Classic at Deerfield on Thursday, May 5, 2022. As a valued partner of Wilmington University, we invite you to participate by considering one of the many sponsorship opportunities we have available. We’re excited to be back on the green for 2022, and look forward to hosting an enjoyable event with game-day challenges, golfer gift packs, dinner with a silent auction, and live music. Participants will also have a chance to win a car through the Hole-in-One competition!
Every donation goes directly toward student scholarships. By sponsoring, be assured that you and your business will receive exposure from over 120 golfers, special guests, and fellow sponsors. We have enclosed an event prospectus we hope you’ll find helpful.
Thank you in advance for your generosity. If you’d like to save time, simply register online via the link below...
We want to hear from you! Please send your news items to
Greg Koseluk at greg.koseluk@debankers.com