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News
SDBA Events
Online EducationCompliance AllianceABA: Registration open for ABA Agricultural Bankers Conference
The Agricultural Bankers Conference will be held Nov. 12-14 in St. Louis. Returning this year are commodity outlooks on cattle, grains and proteins. Also returning is agricultural economist David Kohl, who will host a new interactive networking general session and give a speech on navigating through economic chaos. The closing keynote speaker will be Jason Brown, a former NFL offensive lineman who became a farmer and founder of First Fruits Farm, which donates fresh produce grown by volunteers to organizations serving needy families and individuals in their community. Early-bird savings end Sept. 19! Register now and save $300! Back to TopABA: CFPB proposes setting guardrails for nonbank supervision
August 25, 2025 The Consumer Financial Protection Bureau is proposing to adopt a new standard that it says will bring more uniformity to its supervision of nonbanks. The Consumer Financial Protection Act authorizes the bureau to supervise nonbanks if it has reasonable cause to determine that the financial products or services a nonbank offers pose “risks to consumers.” Under this authority, the bureau has designated nonbanks for supervision on a case-by-case basis. The proposed rule would define “risks to consumers” as conduct that presents “a high likelihood of significant harm” to consumers and is directly connected to the offering or provision of a consumer financial product or service as defined by the CFPA.” “In the bureau’s preliminary view, Congress would not have expected it to expend its supervisory resources on issues that are speculative in likelihood or trivial in impact,” according to the proposed rule. “Although some prior orders have adopted a broad approach to the phrase ‘risks to consumers’ under [the CFPA], asserting that it can include even immaterial potential harms, the bureau proposes to reconsider this approach.” The CFPB added that “it is essential that the bureau focus only on the specific categories of products and services that Congress charged the bureau with overseeing. The CFPB will accept public comment on the rule for 30 days after publication in the Federal Register. Back to topABA Fraudcast: Enhancing security with .bank domain registrationAugust 27, 2025
On this episode of the ABA Fraudcast, we dive into how the Internet works — and why it’s so easy for criminals to create fake bank websites. We’ll explore how these sites get taken down and what banks can do to combat this growing threat. Our guest, Craig Schwartz of fTLD Registry Services, breaks down the key differences between traditional .com domains and the more secure .bank domain — a top-level domain created by a consortium led by the American Bankers Association and other partners specifically to reduce fraud. He explains the rigorous security measures behind .bank, including a comprehensive vetting process that keeps bad actors out and ongoing verification to maintain trust. Back to TopCISA News: Android Malware & the Russian FSBAugust 24, 2025
A new Android malware posing as an antivirus tool software created by Russia's Federal Security Services agency (FSB) is being used to target executives of Russian businesses. In a new report from Russian mobile security firm Dr. Web, researchers track the new spyware as 'Android.Backdoor.916.origin,' finding no links to known malware families. Among its various capabilities, the malware can snoop on conversations, stream from the phone's camera, log user input with a keylogger, or exfiltrate communication data from messenger apps. Dr. Web reports that, since the initial discovery of this malware in January 2025, it has sampled multiple subsequent versions, indicating continuous development. Based on the distribution lures, infection methods, and the fact that its interface only offers the Russian language option, the researchers believe it was designed for targeted attacks against Russian businesses. Back to Top |
Registration is open for the 2025 SDBA NEXT STEP: Emerging Leaders Summit, October 28-29, 2025, at the Kessler's Champions Club on Northern State University's campus in Aberdeen, SD! The Emerging Leaders Summit is designed to help cultivate, connect, engage and empower South Dakota’s future bank leaders. This event will encourage emerging bank leaders to find and express their voices within their organizations, communities and the banking industry and provide opportunities to network and exchange ideas with other industry professionals. It will also increase emerging bank leaders’ knowledge of topics of interest to the banking industry and promote involvement and advocacy.
