|
Alyssa, don't miss these important MBA updates...
| |
|
PROFESSIONAL DEVELOPMENT
Join us in Grand Rapids for the Bank Management and Directors Conference, November 5-7.
Book your room today!
JW Marriott Grand Rapids
235 Louis Street NW, Grand Rapids, Michigan, USA, 49503
Online
Call 877-901-6632
Special MBA Room Rate: $204.00
| |
|
Join us at the Midwest Trust and Wealth Management Conference, October 16-18 in Plymouth. Co-sponsored with the Wisconsin, Ohio, Indiana and Illinois Bankers Associations. Learn more on our site and register today!
American Bankers Association (ABA) Professional Certifications has approved Midwest Trust and Wealth Management Conference 2024 for: 10 CTFA credits. 10 CFP credits.
The hotel room block has been extended through tomorrow (9/27).
Look forward to seeing in October!
| |
|
PROFESSIONAL DEVELOPMENT
Finding Funding for Your Training Budget
Access the Presentation Slides.
View Recording.
Presented by the MI Department of Labor and Economic Opportunity and Michigan Bankers Association
"The Going Pro grant has been a transformative experience for our organization. The funds have allowed us to invest in comprehensive training programs for our Honor Bank employees, equipping them with the latest skills and knowledge to better serve our customers. The helpful team at Networks Northwest makes gathering data a lot less overwhelming. They provide great direction and do what they can to ensure your grant request is set up so well that the State of Michigan will approve it!" - Pracilla L. Venhuizen, SHRM-CP | Honor Bank | Assistant Vice President | Human Resource Manager
| |
|
REGULATORS
CFPB Proposes Changes to Remittance Disclosures
The CFPB proposed a “narrowly tailored” rule to amend disclosure requirements for certain international money transfers, or remittances. Read more.
| |
|
CREDIT CARD COMPETITION ACT
Opposing the Credit Card Competition Act
Tom Rosenkoetter, executive director of ABA’s Card Policy Council, spoke to the Taxpayers Protection Alliance about how the Credit Card Competition Act, overregulation and price controls would harm financial institutions and consumers. Read more.
| |
|
FRAUD
#BanksNeverAskThat Campaign to Encourage Consumers to #PracticeSafeChecks
Registration is open for the 2024 #BanksNeverAskThat anti-phishing campaign, which will kick off Oct. 1. New this year is the #PracticeSafeChecks campaign aimed at preventing check fraud. Registered banks will receive immediate access to materials to start planning their campaigns ahead of the campaign's launch. Read more.
| |
|
ECONOMY
FDIC Releases 2024 Summary of Deposits Data
The FDIC released the results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2024. The Summary of Deposits provides deposit totals for each of the more than 76,000 domestic offices operated by more than 4,500 institutions. Read more.
| |
|
Access the 2024 General Elections Friends of Banking Guide
The MiBankPAC evaluates candidates for the upcoming election based on answers provided to our Friends of Banking survey and, if an incumbent, voting and policy position history. Our 2024 General Election Friends of Banking Guide allows you to see who on your ballot is aligned with the banking industry.
After reviewing the Friends of Banking General Election Voter Guide, please share with others on your team, in your bank, or anyone with an interest in our industry.
| |
|
FRAUD
Resources For Banks to Help Fight Fraud
In a new CEO Update, ABA President and CEO Rob Nichols outlines some key association initiatives to help banks protect and educate their customers and fight back against all types of fraud. Read more.
| |
|
TREASURY
U.S. Department of the Treasury Awards Over $9 Million to Michigan to Help Small Auto Manufacturers and Suppliers Grow and Hire
The U.S. Department of the Treasury (Treasury) announced that the Michigan Economic Development Corporation is being awarded $9 million to support small business growth through the Biden-Harris Administration’s State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP).
Part of the Biden-Harris Administration’s economic agenda, this $75 million program provides funding to connect underserved and very small businesses to the capital needed to participate in key Investing in America supply chains, including electric vehicle manufacturing, semiconductor manufacturing, construction, transportation, clean energy generation, and more. The SBOP was designed to catalyze additional private sector investment by supporting small business technical assistance services like accounting and legal services. Read more.
| |
CREDIT UNIONS
Data Dispatch: Credit Unions 'Critically Undercapitalized' in Q2 2024
The National Credit Union Administration classified 25 credit unions as undercapitalized in the second quarter, of which five are or were involved in M&A deals. Read more.
| |
REGULATORS
CFPB Unveils Website for Reviewing Open Banking Standard Setter Applications
The CFPB is accepting public comment on the first application from an organization seeking to become a recognized standard-setting body under the bureau’s proposed financial data-sharing regulation. Read more.
| |
|
PROFESSIONAL DEVELOPMENT
2024 Industry Year-End Webinar
Complimentary | Wednesday, November 6 | 2 p.m. ET or 1 p.m. CT
Join us to gain valuable perspectives from our industry leaders on critical accounting and reporting matters that directly impact your institution. Our experts will dive into lingering issues related to allowance of credit losses, including documentation of key inputs, assumptions, and qualitative factors.
Additionally, our professionals will discuss the latest insights from the SEC, federal regulator, and the PCAOB. They’ll share key takeaways from the chief accounts and provide summaries of the U.S. real estate market, ensuring you have the knowledge to navigate regulatory changes effectively.
Presented By: Robert Bondy, Kate Krones, Josh Engelkemier, Elliott Holmes, Plante Moran
Anticipated CPE: 1, Accounting
| | |
PROFESSIONAL DEVELOPMENT
NEW! Elder Fraud Prevention Summit
Held Before ABA/ABA Financial Crimes Enforcement Conference Seniors lose billions of dollars annually from elder financial exploitation, and banks must use every tool to combat it. Get the latest strategies and resources to protect your older customers at the Elder Fraud Prevention Summit, held in person on October 7 before the ABA/ABA Financial Crimes Enforcement Conference. The Summit will feature speakers from the Federal Bureau of Investigation, Department of Justice, Financial Crimes Enforcement Network, Adult Protective Services, AARP, and the National Center for Victims of Crime. It is brought to you by the ABA Foundation with support from Bank of America, Citi and JPMorgan Chase.
| |
|
MBA SERVICE CORPORATION ENDORSED PARTNER
Transform Your Audits with Assurance Services!
Are you looking for fast and transparent audits and reviews? Our Assurance Services can provide the comprehensive support you need.
At the heart of everything we do is our "How can we help?" philosophy, which extends to our thorough audit and compliance reviews. Many banks find these services invaluable, and we believe you could benefit from them as well.
- Unlock the Power of Compliance Alliance's Assurance Services:
- Insider Expertise: Our certified auditors aren't just experts - they're former community bankers who understand your challenges firsthand.
- Flexibility That Fits: We tailor our review schedules to meet both regulatory requirements and your team's needs, ensuring minimal disruption to your operations.
- Swift Insights, Faster Action: You receive comprehensive draft reports within just 14 days of engagement completion.
Learn more.
| |
|
MBA SERVICE CORPORATION ENDORSED PARTNER
Hacker Hour: The Cybersecurity Culture Checklist | FREE WEBINAR!
Thursday, September 26
3:00 - 4:00 PM ET
Building a strong cybersecurity culture can be challenging. Common obstacles include resistance to change, reluctance to adopt security practices, and securing overall buy-in and engagement in awareness activities.
Can't join the live webinar? That's ok! Register to attend and we will provide you with access to the webinar recording.
| |
|
MBA SERVICE CORPORATION ENDORSED PARTNER
CISA Adds Three Known Exploited Vulnerabilities to Catalog
CISA has added three new vulnerabilities to its Known Exploited Vulnerabilities Catalog, based on evidence of active exploitation.
- CVE-2016-3714 ImageMagick Improper Input Validation Vulnerability
- CVE-2017-1000253 Linux Kernel PIE Stack Buffer Corruption Vulnerability
- CVE-2024-40766 SonicWall SonicOS Improper Access Control Vulnerability
These types of vulnerabilities are frequent attack vectors for malicious cyber actors and pose significant risks to the federal enterprise. Learn more.
| | |
|
We are proud to announce that Alyssa Bouchard, our Vice President of Communications, has been recognized as one of Flint & Genesee Group's 40 Under 40 honorees for 2024. This recognition program highlights the achievements and leadership of emerging professionals across Flint and Genesee County.
Alyssa has demonstrated a commitment to excellence in her role at the MBA, as well as a passion for making a difference around the state. Her work in communications/public relations has not only contributed to the success of the MBA but has also positively impacted the communities at large.
To learn more about the 40 Under 40 program and this year’s honorees click on the link below: https://lnkd.in/ew22QHGw
| |
#FrameOfMindFriday When is the last time you had a really good laugh? Learn more: https://conta.cc/3E7XxhQ | |
|
Did you know that michigan.bank has many resources for you to take back to your team!?
Visit michigan.bank – your go-to resource for all things banking in Michigan! Whether you're looking for industry insights, professional development opportunities, DE&I resources, Fraud resources, or ways to stay updated on the latest in banking regulations, we've got you covered.
Explore our MBA Service Corporation Endorsed Partners, upcoming events, and valuable tools to help you and you succeed.
Let's grow Michigan's banking industry together!
| |
Like Us. Follow Us. Share with Us! | |
Looking for a past MBA Bank Beat? Click here to access the archives. | | | | |
