DBA Digest for May 24, 2024

"So You Want To Understand Your Credit Score"

New Wizzo the Money Dog Episode!

What do the numbers on your credit score mean? What are they used for, and why it is important. Wizzo the Money Dog explains in his latest video!

CAFE Demo Day Fintech Showcase - May 30th

You are cordially invited on May 30th from 4-6pm ET for a gathering of investors, bankers, academia, industry and community leaders, non-profit organizations and entrepreneurs in the spirit of inclusive finance and advancing financial health & wellness for low- to moderate- income (LMI) populations.

This event is the capstone event for the CAFE’s inaugural fintech accelerator program to showcase our cohort of financial technology companies. Watch six companies pitch and share what they learned in our 10 week program that helps them grow their business and impact through connections, coaching, and community.

Upcoming OnCourse Learning Webinars!

Consumer Lending!

New Program! Consumer Lending Program - June 3rd and June 17th

This program consists of ten online self-paced courses and two webinars. The webinars will cover real lending scenarios, and participants will enter virtual breakout rooms for interactive small-group discussions. Live attendance is a must to get the most out of this engaging training opportunity. Breakout rooms will not be recorded. 

This unique new training program gives your consumer lending-focused employees the tools they need to verify key client information, understand consumer regulations, underwrite the loan, and follow up to minimize fraud. The program emphasizes the competencies needed to review and analyze consumer lending requests. Space is limited to 30 participants for a high-value learning experience, so register today!

Audience: Consumer lending & underwriting staff, branch managers, assistant branch managers, operations staff, and personal/universal bankers would all benefit from this training.  

Overdraft Programs: Avoiding an Exam Disaster - June 11th

This session provides a comprehensive review of OD regulatory guidance, including a discussion of how to address representment fees and overdraft fees resulting from APSN transactions in your policies and procedures.

Learn more and browse all the webinars via the link below.

Support House Bill 203 for Comprehensive Financial Education in Delaware!

House Bill 203, championed by Rep. Jeff Hilovsky, R-Millsboro, is a vital step towards bridging the financial education gap in Delaware. This legislation mandates that high school students, starting with those entering 9th Grade in the 2025-2026 academic year, complete a half-credit course in financial literacy for graduation.

Financial illiteracy can lead to unemployment, stress, and economic hardship. By ensuring every Delaware student has equal and guaranteed access to a personal finance course in high school, we can empower them to make informed financial decisions and secure their futures. Visit the link below for more information on the Bill and how you can support it.

Bank of America Private Bank Market Minute

Now more than halfway through May, the S&P 500 Index is on track for its best month so far this year. All three major U.S. indexes reached new record highs last week as the S&P 500 and Nasdaq Composite gained 1.5% and 2.1% respectively. The Dow Jones Industrial Average closed above the 40,000 level for the first time ever, capping its fifth positive week in a row. Gold prices also reached a new peak, eclipsing $2,400 per troy ounce. Down from the 5% level in April, the yield on the 10-year U.S. Treasury dipped to its lowest level in over a month at midweek, following the release of fresh inflation data. April’s Consumer Price Index (CPI) came in modestly below expectations, breaking a string of upside surprises in the three months prior. In April, headline inflation rose 0.3% over the month and 3.4% year-over-year (YoY). Excluding the more volatile food and energy components, core CPI rose 3.6% over the year, down from 3.8% in March. The Producer Price Index (PPI) firmed in April, rising 0.5% for the month and 2.2% over the year, although March’s reading was adjusted downward from a 0.2% gain to a 0.1% decline on the month.

ABA Women Lead Symposium - July 17

At the Women Lead Symposium, you’ll acquire critical leadership skills that will advance your career and support women aspiring to lead in the banking industry. This half-day, virtual program is designed to help women and allies become inclusive, successful leaders. You’ll learn leading practices and actionable insights to engender a diverse working environment that improves your bank’s bottom line. You’ll also walk away with resources and a strong professional network that support women in banking.

Kaplan Partners Reaches Milestone

Kaplan Partners, Inc., a leading retained executive search and board advisory firm, celebrates the 30th Anniversary of the firm’s launch this month. Founded three decades ago by Alan J. Kaplan, a nationally recognized executive search professional, the firm continues its primary focus on serving financial institutions and growth-oriented middle market firms.

From modest beginnings in downtown Philadelphia, the firm now serves clients in 21 states, with deep expertise in banking, asset management, corporate finance, insurance, mortgage banking and private equity firms. The firm also conducts Board of Directors Search and Director Assessments for clients in both financial and non-financial firms, as well as providing Executive Assessment and Coaching services for client organizations.

24 Richards, Layton & Finger Attorneys Named to Super Lawyers

Twenty-four Richards, Layton & Finger attorneys have been recognized by Super Lawyers in its annual rankings of Delaware’s leading lawyers. Super Lawyers selects lawyers on the basis of their professional skill, achievements, and peer recognition, choosing only 5 percent of the lawyers in the state. In addition, firm directors Mark D. Collins and Gregory P. Williams have again been named on the Super Lawyers list of the Top 10 lawyers in Delaware.

See the full list of the Richards Layton lawyers chosen for the Super Lawyers via the link below.

Weiner Benefits Update: Do You Need to Adjust Your Tax Withholding?

Once you've filed last year's tax return and can see where your finances are headed this year, it may be a good time to adjust your income tax withholding to help make sure you're having the right amount withheld from your paycheck.



Tax withholding is a balancing act. If you have too much tax withheld, you will receive a refund when you file your income tax return. If you prefer to receive more in your paycheck instead, you will need to reduce your withholding. However, if you have too little tax withheld, you will owe tax when you file your tax return and might owe a penalty.