DBA Digest for November 19 , 2021
2021 Regulatory Compliance School -
December 9: Lending Compliance & Hot Topics
December 15: BSA/AML
Compliance professionals: get all the updates you need to face the regulatory challenges of 2021. Attend the DBA Regulatory Compliance School: In-person, Virtually and On-Demand. For your convenience, the first session of the school on Lending Compliance and Hot Topics will be held Thursday, December 9th. The second session featuring BSA/AML will be held Wednesday, December 15. Both sessions will be in-person at the Wilmington University Brandywine Campus. The agenda is filled with the most up-to-date regulatory information on Lending, Deposits, BSA/AML, and more! Get the same amount of content with greater convenience and at a lower price! $999 for DBA members ($1499 for non-DBA-members).

Presenting Sponsor: Troutman Pepper
2021 Women Connect Happy Hour
December 8 - Makers Alley, Wilmington
Join us for a night of networking! Reconnect with Women Connect December 8 at Makers Alley in Wilmimgton. Open bar from 4:00 pm - 6:00 pm with live music, cornhole, and light appetizers. Registration is required. Space is limited - register today!
Need CLE Credits? Only 10 Days Left to Attend the 2021 Delaware Trust Conference On-Demand!
Time is running out to take advantage of the 18.0 CLE Credit, Including 2.0 Ethic Credits available from the 2021 Delaware Trust Conference. All sessions of the 2021 Delaware Trust Conference are available for on-demand viewing on the conference app through November 30th! All the sessions feature the stellar line-up of the nation’s top trust, legal, and wealth management experts for which the Delaware Trust Conference is known. Registrations are still being accepted! The All-Access Pass is only $995 for DBA Members!

Working Through It -
The Northern Trust Economics team shares its outlook for the U.S. economy
Shortages have challenged the recovery throughout this year, in a number of ways. Difficulties in supply chains and a slow return to work have persisted, while the costs of energy and housing are on the rise. These conditions are not expected to be permanent, but they are difficult to live through.

Economic growth lost some momentum in the third quarter, but indicators of employment and consumer activity suggest the year will end on a strong note. Holiday spending will provide a boost; not only does consumer demand remain strong, but more families will return to in-person contact after deferring celebrations last year.

It is too soon to say the economy has returned to normal. COVID-19 remains a threat, fiscal policy has become less supportive, and inflation is out of range. But a year of up-and-down recovery should conclude with a few months of cheer.
FDIC Hosts Banking Integration Workshop for New York, New Jersey and Delaware Stakeholders
The Federal Deposit Insurance Corporation will host a webinar to explore opportunities for financial institutions to reach unbanked populations through partnerships with social service programs. Speakers will discuss the national Bank On movement, the types of social service programs best suited to provide banking access, and how to design banking access integrations.

When: Monday, December 7, 2020 from 11:00 AM to 12:30 PM ET
Where: Webinar, WebEX, registration information below.
 
Who should attend: Financial institutions, state and local government agencies, and community based organizations interested in reaching unbanked individuals through partnerships with social service programs in New York, New Jersey, and Delaware.
 
Registration Information: To register online, go to the link below to fill out the needed information. You will receive a confirmation email once completed.
Your Holiday Shopping Can Support Financial Literacy in Delaware... At No Additional Cost to You!
When you shop at smile.amazon.com, or in the Amazon app with AmazonSmile turned on, Amazon will donate a portion of your purchases to The Delaware Financial Education Alliance. You'll still find the same Amazon products and low prices you are used to. Simply enroll by visiting: smile.amazon.com/ch/22-2549908
You can select The Delaware Financial Education Alliance as your AmazonSmile charity by visiting: smile.amazon.com/ch/22-2549908
Business Writing & Grammar Courses -
Virtual Live: January 12, 2022, and January 26, 2022
The Delaware Bankers Association/Delaware Financial Education Alliance is offering two virtual courses on Business Writing and Grammar. Both courses are being facilitated by Linda Comerford with Comerford Consulting. Attendees will be able to refine and enhance their professional writing abilities through this training program.

Business Writing Workshop -
January 12, 2022 – 9:00 am – 4:00 pm

Taking the “Grr” Out of Grammar -
January 26, 2022 – 9:00 am – 12:00 pm

Click on the link below for full details on these two courses!
DBA partners with the Federal Reserve on the 2021 Small Business Credit Survey for Delaware small businesses with less than 500 employees
 
Completing the survey increases policymakers’ understanding of small business conditions at both the national and state levels. It is important for policymakers to understand what small business conditions are like in Delaware to make decisions and legislation related to the small business sector.

The survey closes on November 19, 2021. Take the 10-minute survey at the link below.
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.
Santora CPA Group Announces Three Additions to its Team
Santora CPA Group, a Newark-based Certified Public Accounting and Consulting firm, is pleased to announce the following additions to its team:
 
Samantha G. Finfer (above left) has joined the Trust Services Team as a Trust Associate, after interning with SCG during her senior year. She is a 2021 cum laude graduate of the University of Delaware with a Bachelor of Science degree in Finance with a minor in Trust Management. Samantha provides much needed support to the Trust Services Team.
 
Emily M. Mowen (above center) has joined SCG as a Staff Accountant. She is a graduate of the University of Delaware with a Bachelor of Science degree in Accounting with a double minor in Management Information Systems and Trust Management (2020) and a Master of Science degree in Business Analytics and Information Management (2021). Emily is a member of the American Institute and the Delaware Society of Certified Public Accountants. She provides auditing, accounting, and a variety of tax preparation services to SCG’s clients.
 
Jerrold M. Troutner has joined SCG as a Staff Accountant. He is a 2021 graduate of the University of Delaware with a Bachelor of Science degree in Accounting. Jerry is a member of the American Institute and the Delaware Society of Certified Public Accountants. He provides auditing, accounting, and a variety of tax preparation services to SCG clients.
BLS Update: Tax-Related Provisions of the Investment and Jobs Act
Almost three months after it passed the U.S. Senate, the U.S. House of Representatives has passed the Infrastructure Investment and Jobs Act (IIJA), better known as the bipartisan infrastructure bill. While the bulk of the law is directed toward investment in infrastructure projects across the country, a handful of noteworthy tax provisions are also included.
Troutman Pepper Advisory: OCC Proposes Rescission of June 2020 CRA Rulemaking and Releases FAQs
The Office of the Comptroller of the Currency (OCC) issued a proposal to rescind its June 2020 Community Reinvestment Act (CRA) rulemaking and replace it with previous rules jointly adopted by the OCC, the Federal Reserve Board (FRB), the FDIC, and the former Office of Thrift Supervision in 1995. Last year, although the OCC and the FDIC published a joint notice of proposed rulemaking, the FDIC did not ultimately join with the OCC in the June 2020 CRA rulemaking.

The current OCC proposal seeks to create consistency for all insured depository institutions by returning to the 1995 framework, while also strengthening and modernizing the CRA by re-opening the door to joint action between the OCC, FRB, and the FDIC. In an interagency statement, the OCC, FRB, and the FDIC indicated their commitment to work together on developing a joint notice of proposed CRA rulemaking to ensure a modernized framework exists for insured depository institutions to “help meet the credit needs of the communities in which they do business, including low- and moderate-income neighborhoods.”
Ballard Spahr Webinar: FTC GLBA Safeguards Rules – What You Need to Know
The Federal Trade Commission has finalized updated rules implementing the Gramm-Leach-Bliley Act (GLBA)’s standards for safeguarding customer information. The prior approach taken under the GLBA Safeguards Rule allowed financial institutions the flexibility to develop a written information security program that was appropriate to a company’s size, the nature of its activities, and the sensitivity of customer information. Join Ballard Spahr for this webinar, Monday, November 22, 2021, 1:00 - 2:00 PM ET.

Sign Up Now! Two On-Line Courses:
Fundamentals of Commercial Banking; and,
Analyzing Repayment Sources!
The Delaware Bankers Association & Delaware Financial Education Alliance has partnered with Andy Keusal with Keusal Learning LLC to offer two new online Breaking into Banking videos:

  • Breaking into Banking 101: Fundamentals of Commercial Banking - ten learning modules, over 5 hours in total content

  • Breaking into Banking 201: Analyzing Repayment Sources - nine modules covers topics including how to analyze income statements, balance sheets, collateral, and risk rating.

Each module includes a video lesson and a multiple-choice self-check. Many of the lessons include exercises/case studies for learners to work through that are related to a sample company outlined in the course’s Reference Guide.

Get the full details, including an introductory video at the link below.
We want to hear from you! Please send your news items to
Greg Koseluk at greg.koseluk@debankers.com