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The Surge in Online
Banking Continues; ABA Insurance Services can Protect your Bank
& Customers
An annual Ipsos Public Affairs survey conducted for
ABA. recently found that 62 percent of all adults polled
said they prefer online banking to other delivery channels,
compared with 36 percent who said the same in 2010.
Find out
more about how the GBA-endorsed Internet Banking Liability
Insurance Program managed by ABA
Insurance Services, Inc. can provide coverage for
your bank and customers using this popular method of doing
business...
ELC
Offering ABA Members Discount for Completing EEO-1 Report
GBA Strategic Partner, Employment Law Compliance Inc. (ELC)
is currently offering a discount to ABA member institutions to
help them complete the EEO-1 report that banks with 50 or more
employees must file with the Equal Employment Opportunity
Commission by Sept. 30.
Learn more about how ELC's services will keep your bank current
with changing employment regulations and human resources best
practices...
Job Bank
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a job
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Directory
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Georgia
Supreme Court Affirms Problematic Garnishment Ruling
 As we have
recently reported, the State Bar of Georgia’s Standing
Committee on the Unlicensed Practice of Law recently issued an
advisory opinion stating that a "nonlawyer who answers for a
garnishee other than himself in a proceeding pending in a
Georgia court of record is engaged in the unlicensed practice of
law." The Georgia Supreme Court unfortunately upheld that
opinion this week. We are disappointed in the Supreme Court’s
ruling and will work with others in the business community to
determine any next steps.
Read more about the GA Supreme Court's ruling on garnishments...
Insurance
License Requirements for Employees Clarified by Insurance
Commissioner and DBF
In a more
positive development, the Georgia Insurance Commissioner
has provided helpful clarification recently about
insurance license requirements for bank employees.
Several member
banks have relayed their frustration over FDIC exam results
requiring that each loan officer in a bank have an individual
insurance license to include credit life insurance as part of a
loan package. The DBF requested some
clarification about the issue. The
recent
response that the
DBF received from the Insurance Commissioner is a positive
development and says that bank employees may continue to include
credit life insurance in customer loan packages, and add those
customers to a bank’s master policy, without requiring the bank
employees to obtain a Georgia insurance license, so long as no
fee or commission is paid to the bank employee.
Learn more
about Insurance License Requirements for bank employees...
Second
and Third Georgia Banks Approved for Small Business Lending Fund
Investments; DBF Wants to Know Why Others Weren't Approved
On Wednesday, The U.S.
Department of the Treasury announced investments in 61 more community banks of $608 million
from the Small Business
Lending Fund. Atlanta-based Resurgens Bank, President and
CEO, Charles DeWitt, has received nearly
$3 million and
The Peoples Bank of Talbotton, Richard Skates, CEO,
and
Henry Persons, President, has received $890,000.
Georgia DBF Commissioner Rob Braswell has asked Treasury
Secretary Geithner why other qualified Georgia banks were not
approved.
Read more and see a list of all the banks announced to receive
SBLF investments this week and Braswell's letter...
"It's
Time to Let Banks Get Back to Business," says
GBA Credit
Conf. Speaker
Bill Isaac to D.C.
 "President
Obama should acknowledge that something is seriously wrong with
the government's response to the financial crisis of 2008 and
chart a new course," says Bill Isaac, former chairman of
the FDIC in a Sept. 7 opinion article for American Banker.
Isaac will share these thoughts and others at this year's GBA Credit
Conference Dec. 8-9 at the Renaissance Atlanta Waverly Hotel
in Atlanta.
Read more highlight's from Isaac's article and sign
up for the GBA Credit Conference to hear from him there...
How New
Appraisal Reporting for GSE Loans Affects Banks
 Residential
appraisal reporting changed as of Sept. 1, for all appraisals
being completed for loans being sold to
Government-Sponsored Enterprises (GSEs) such as Fannie Mae and
Freddie Mac.
More than 80 percent of all residential appraisals are for loans
being sold to the GSEs, so these rules will apply to most loans.
GBA Associate Member Valuation Management Group has
written an overview article about the changes and how they may
affect your bank and your work with appraisers.
Learn more, and be sure to check out the important information in
the article from Valuation Management...
State Jobs
Outlook: 15 Percent Look to Hire More
Across Georgia, 15 percent of employers look to increase
employment from October through December, while 9 percent expect
to reduce staffing, for a 6 percent gain in the net employment
outlook according to an
employment survey by Milwaukee-based Manpower Group. Industries where
job prospects appear strongest for the fourth quarter are
construction, durable goods manufacturing, wholesale and retail
trade, information, financial activities, professional and
business services, and education and health services.
Read more here…
FDIC's Temporary Jacksonville Office to
Remain Open through 2013
The FDIC expects its temporary Jacksonville, FL, office to
remain open until at least the fourth quarter of 2013 because of
work related to bank closures in the region. The agency noted
that expectation in
an announcement this week that it will close a similar office in
Schaumburg, IL, on Sept. 28. Any remaining work being handled by
the Schaumburg office will transfer to FDIC's Dallas office.
Read
more news about FDIC starting to shutter its satellite
offices...
New Debit Card Rule FAQs Issued
 There
is a new set of explanations about how and if certain
prepaid debit cards are exempt from the new debit card
interchange pricing rules. The Federal Reserve posted the
new FAQs this week.
Some of the information is related to how the exemptions are
applied to cards used for payments through websites. The FAQs
also clarify how issuers should
allocate net compensation payments from payment-card networks as
the rule goes into effect in the middle of a calendar year.
Read
more about the updated FAQs about interchange from the Fed...
Large Bank Rules, Guidelines Issued By FDIC
The FDIC
Board this week issued several policy pieces related to large
financial institutions. If your bank has more than $10 billion
in assets,
you'll want to see more details here...
2011 BankPAC
Campaign Update:
FedPAC exceeds 50
percent of Goal
 Thanks to all who have contributed to the GBA StatePAC and GBA
FedPAC during the 2011 BankPAC Campaign. For others, please take
a moment to contribute to benefit our advocacy efforts and help
the BankPAC Board of Directors reach its’ goals. For your
convenience, the contribution
forms for the GBA
StatePAC and GBA FedPAC have the suggested giving amounts for
your bank and individual contributions.
See who contributed to the GBA BankPAC this week...
Newsmakers:
Read about all the Georgia bankers making news this week...
Send Us Your News
Please remember to include the Georgia
Bankers Association on the list of recipients for announcements
about promotions, new employees and special recognition your
bank has received. We want to share your news with your
colleagues across the state. Please forward your announcements
and photos to GBA's
David Oliver and Bogan Brannen. |
IRA Update Seminar
Sept. 28
Macon
Employee Investigations Seminar
Sept. 29
Macon
South Georgia Community Bank Symposium
Sept. 29
Valdosta
Managing Your
Remote Deposit Capture Risk
Compliance Conference
Oct. 4-5
Macon
Top 5 Reasons to Attend
President/CEO Conference
and
Bank Counsel Conference
Oct. 9-11
Greensboro
BankPAC
Golf Classic
Oct. 26
Macon
Webinars
AIB Online Instructor Led Courses
Small Business
Banking Certificate from AIB
Compliance Calendar
Lending Calendar
Ops/Tech Calendar
HR Calendar
Asset/Liability Calendar
Management Calendar
Security Calendar
Full GBA-U Calendar
Career Paths for BankersTM
The 44 most-common bank job
descriptions, the skills and competencies you need to have
those jobs and links to training and development by job
title.
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