DBA Digest for September 6, 2024

Foundations of Delaware Trusts - 3 New Sessions - Live and On-Demand! Begins Sept. 25!

Trust professionals! Don't miss the three new sessions in the Foundations of Delaware Trusts series! These sessions will be held live via Zoom, and will also be available on-demand for continued viewing. Take advantage of these great training tools to education your entire staff! The sessions are just $199 each for DBA members or order all three for just $499. 3.0 credit hours applied for!

September 25th - 9:00 a.m. - Transferring Trust Situs: Techniques and Practical Considerations. Instructors: Matthew P. D'Emilio, Managing Member, McCollom D'Emilio Smith Uebler LLC; Kerry Porter, Senior Fiduciary Director, Brown Brothers Harriman Trust Company of Delaware, N.A.

September 27th, 9:00 a.m. - Advanced GST Tax Practices - Instructors: Cynthia D.M. Brown, President, Commonwealth Trust Company; Kimberly Gill McKinnon, Director, Gordon, Fournaris and Mammarella, P.A.

October 2nd, 9:00 a.m. - BSA/AML for Trusts - Instructors: Danielle R. Albrecht, CAMS, CFIRS, AML/BSA Vice President, Glenmede; Michael Bridgeman, CFP, CFIRS, Chief Compliance and Risk Officer at the Trust Company of the South; Mark Gray, Mark Gray Consulting Group.

Cyber Security Forum!

October 2, 2024 - 8:00 a.m. - 1:00 p.m.

Join us, October 2, 8 a.m. to 1 p.m. at the University & Whist Club Wilmington. Our panel of experts will discuss current and emerging cyber threats, artificial intelligence, regulatory requirements, and, more! DBA members registering by September 12th pay only $99 ($129 after 9/12 for members, $159 for non-members). CPE, CRCM, DE & PA CLE credits applied for! Sponsorship opportunities are available: contact Corinne.Stayton@debankers.com.

Delaware Trust Conference:

Sunday Night Kickoff Reception!

The 2024 Delaware Trust Conference will kick off with a reception Sunday, October 27, 5 to 7 p.m. at the DuPont Environmental Education Center, 1400 Delmarva Lane, Wilmington. Experience the best of Delaware’s wildlife. DEEC features panoramic river and marsh views, and a 10-acre ornamental garden. Tickets to this exclusive reception event are just $150. Platinum and Diamond Sponsors receive two free registrations to the reception with their sponsorships. Space is limited! Register via the link below!

2024 Delaware Trust Conference!

18 CLE Credits Approved!

You'll hear the top wealth management experts at the 2024 Delaware Trust Conference!Learn how to maximize the Delaware Trust advantage for your clients! The Delaware Trust Conference is an ideal opportunity to network while obtaining continuing education credit for: Trust Professionals, Portfolio Managers, Financial Advisors, Attorneys, CPAs, CTFAs, Wealth & Asset Management Services Executives, Executive Trust Officers, Investment Officers, Investment Managers, and Trust Department Managers.  The 2024 Delaware Trust Conference will be live at The Chase Center on the Riverfront, AND live-streamed, October 28 and 29. The sessions will also be available on-demand through November!

CAFE Fall Accelerator Launch Day: Networking Breakfast with Delaware Bankers Association - October 1, 9:00 - 10:30

​Center for Accelerating Financial Equity (CAFE) is excited to invite DBA members to meet the fintech companies in the Fall 2024 cohort of the CAFE Fintech Accelerator Program. During breakfast, the banking community will meet the companies, learn about innovative technologies, and mingle with the founders.Additionally, the six companies in our cohort will pitch during the event. The founders will benefit from connecting with and learning about the needs of banks and their communities.

​CAFE's cohort of companies have extraordinary financial technology products in the market that help financial institutions to advance financial health & wellness for low- to moderate- income (LMI) and other underserved communities.

2024 FDIC Directors' College - September 11

Registrations are still available for next week's 2024 FDIC Directors' College, September 11, 8:00 to 1:00, at the University of Delaware Virdin Center, 1155 College Drive, Lewes, DE. The FDIC Directors’ College is an interactive program that provides ongoing education on current topics of bank supervision to bank directors, senior officers, corporate secretaries, and board advisors. The course is designed to help directors and trustees, both new and experienced, stay abreast of the ever-changing regulatory environment. Modules this year include: Identifying Redlining Risk; Liquidity Contingency Planning and Risk Mitigation; Risk Assessments - The Basics, the Benefits, and the Pitfalls; Conversation with Regulators; and an Economics/Banking Update. Lunch is also included. Please click on the link below to view the detailed agenda and to register.

Upcoming OnCourse Learning Webinars!

Social Media Compliance - September 11th

Social media posts are a great way to communicate with existing customers and gain new ones as well, but what can we post? What disclosures must be provided? How do we respond to a consumer complaint received via social media? In this session, we will answer these questions and more, and provide you with tools to help craft your institution’s social media policy. We will review the compliance considerations for both lending and deposit products.

Audience: This informative session is designed for marketing officers, compliance officers, and internal auditors.

Reducing Risk by Managing Your ACH Exceptions - September 12th

Many exceptions are rare, and you may find yourself second-guessing what you should do. Gain a better understanding of exception processing from returns to notifications of changes to DNE and more. You’ll want to make sure you understand your responsibilities as a Receiving Depository Financial Institution so you can manage your risk.

Audience: This course is designed for ACH personnel, operations personnel, and compliance and risk personnel.

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

ABA Foundation Elder Fraud Prevention Summit - October 7th

Older adults are a growing population in the United States — and a growing target for scams. Seniors lose billions of dollars annually from elder financial exploitation. Recognizing the challenges facing banks and customers, the ABA Foundation is hosting its inaugural Elder Fraud Prevention Summit, Monday, October 7 at the Crystal Gateway Marriott in Arlington, VA. Space is limited, so sign up to attend and hear from national experts, federal agencies, fellow bankers, academics and others to help you access resources to combat elder financial exploitation. Register today! Questions? Contact ABA Foundation’s Sam Kunjukunju.

CFPB Orders Mortgage Lender to Pay $2.25 Million for Allegedly Deceiving Servicemembers and Veterans

The Consumer Financial Protection Bureau announced it had entered into a consent order with NewDay USA, a Florida-based non-bank direct mortgage lender, over allegations that the lender misled veterans and military families about the costs associated with cash-out refinance loans. According to the Bureau, NewDay USA gave misleading and incomplete cost comparisons to borrowers refinancing in North Carolina, Maine, and Minnesota, which made the company’s loans appear less expensive relative to the borrowers’ existing mortgages.

UD Trust Management Golf Classic - September 23!

Golf enthusiasts and supporters of the UD Trust Management Minor, On September 23, 2024, the UD Trust Management Minor is hosting the 2^nd Annual Trust Management Classic at Newark County Club. Sponsorship opportunities and golf registrations are available. Take advantage of the 10% early bird registration discount now until August 15, 2024. For questions, please contact Jennifer Zelvin McCloskey at lerner-trustmanagement@udel.edu