ABA Banking Journal: Trump nominates Hill as FDIC chairman
October 1, 2025
President Trump has nominated Travis Hill to be FDIC chairman. Hill has served as acting chairman of the agency since January.
In his current position, Hill has launched what he said is a wholesale review of agency regulations, guidance and manuals “to ensure our rules and approach promote a vibrant, growing economy.” Among other things, the FDIC has removed reputational risk from supervision and plans to revise its approach to resolution planning and de novo bank formation.
In a statement, ABA President and CEO Rob Nichols said Hill has demonstrated a keen understanding of the complex policy issues facing our financial system.
“He has also taken significant steps to address misguided regulations put in place under the FDIC’s prior leadership and helped restore confidence in the agency,” Nichols said. “We urge the Senate to quickly confirm Hill to this important position.”
ABA Fraudcast: Taking the fraud prevention message directly to lawmakers
'Banks cannot fight this battle alone. Other stakeholders must step up.'
October 1, 2025
Big problems require big ideas. How about establishing a White House office of fraud and scam prevention? Or closing loopholes so telecoms stop spoof calls and texts? And ensuring social media companies quickly take down impersonation accounts? On this edition of the ABA Fraudcast, we include Paul Benda’s opening statement addressing these challenges and others, as delivered recently to the House Financial Services Subcommittee on Oversight and Investigations. Then for Fraudcast listeners, Benda offers some additional analysis of the urgency of a coordinated response from lawmakers and law enforcement.
Also mentioned: Benda will be speaking at the ABA Financial Crimes Enforcement Conference, Oct. 14-16 in Arlington, Virginia. And ABA just this week launched updated Banks Never Ask That and Practice Safe Checks consumer awareness campaigns.
The ABA Fraudcast will be published every three weeks, on this site and wherever you listen to and subscribe to your favorite podcasts, such as Apple and Spotify. Please subscribe!
ABA offers resources to help banks prevent, identify, measure and report fraud, and to serve and protect consumers and their financial data.
ABA Banking Journal: Agencies issue reminder about flood insurance during government shutdown
October 1, 2025
Federal banking agencies today reissued previously provided guidance on flood insurance requirements during a lapse in the National Flood Insurance Program. The announcements contain no changes from the guidance issued during prior government shutdowns.
Lenders may continue to make loans without flood insurance coverage during this time but must continue to make flood determinations; provide timely, complete and accurate notices to borrowers; and comply with other applicable parts of the flood insurance regulations, the agencies said. In addition, lenders should evaluate safety and soundness and legal risks and should prudently manage those risks during the lapse period.
The American Bankers Association has incorporated the reissued guidance into its updated staff analysis on preparing for an NFIP lapse.
October is Cybersecurity Awareness Month!For more than 20 years we have spotlighted the importance of taking daily action to reduce risks when online and using connected devices. This year, we focus on the government entities and small and medium businesses that are vital to protecting the systems and services that sustain us every day and make America a great place to live and do business: the nation’s critical infrastructure. Much of the nation’s critical infrastructure is owned and operated by state, local, tribal, and territorial governments as well as private companies. Additionally, vendors, suppliers, and other parts of the supply chain that support or are connected to critical infrastructure play a critical cybersecurity role.
This year’s theme is Building a Cyber Strong America, highlighting the need to strengthen the country's infrastructure against cyber threats, ensuring resilience and security.
Cyber threats don’t take time off. As the federal lead for Cybersecurity Awareness Month and the nation’s cyber defense agency, the Cybersecurity and Infrastructure Security Agency, or CISA, urges all U.S. small and medium businesses and state, local, tribal, and territorial governments to take one action today to improve their cybersecurity.
CISA Acting Director Gottumukkala on Cybersecurity Awareness Month 2025
CISA’s Acting Director discusses our focus on government entities and small and medium businesses that are vital to protecting the systems and services that sustain us every day and make America a great place to live and do business.
Secure Your Organization
This Cybersecurity Awareness Month, commit to having better cybersecurity in your organization to protect customers, communities and critical infrastructure.
The South Dakota Bank Directory provides detailed information on all South Dakota banks including addresses, telephone numbers, important contact names and additional pertinent information. The directory also contains information on the SDBA, banking associations, regulatory agencies, endorsed vendors, associate members and South Dakota officials.
Enhance your organization’s security with training that’s practical and addresses what works for real people under highly chaotic and potentially dangerous circumstances. BLUE-U training focuses on people and the Life-or-Death Gap™. If you are going to assign the responsibility of keeping people secure, it’s critical those trained be highly skilled in security and true leaders. Learn how to create a culture that supports employee and customer security!
Seminar Presenter
Joseph B.Hileman:Founder | Hileman Security Training Group| Hileman served as the Assistant Team Commander of the Monadnock Regional Special Response (SWAT) Team and for 21+ years as a Detective with the Jaffrey (NH) Police Department. Prior to his career in Law Enforcement, he served as Security Supervisor at the corporate management level of a Fortune 500 company. Mr. Hileman holds two A.A. degrees in Criminal Justice – Law Enforcement and Criminal Justice Corrections, Probation, and Parole.
Registration is open for NDBA Compliance School on October 20-23, 2025. This course is beneficial for compliance officers, internal audit staff, and any employee who assists with compliance management.
The NDBA Compliance School will consist of 2 Modules:
This Back to Basics workshop will cover all the essentials of running a sound BSA/AML and Sanctions Program for all financial institutions. From CTR filing, CTR Exemptions, SAR filing, high-risk customer reviews, alert dispositions, policies and procedures and everything in between. Highly operational with a focus on how foundational strength can lead to sound and effective programs.
At a minimum, this workshop will cover:
An overview of the beginning through current day regulatory requirements and trends
Written program elements that move a program forward
Effective Board communication and statistics
CTRs, SARs, and DOEP program elements
CDD/EDD and how to ensure it impacts your program
Effective approaches to alert dispositions and high-risk customer reviews
Why OFAC/Sanctions must be a dynamic part of the AML program
NEXT STEP: 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.
We have a fantastic lineup of speakers, including Lena Scullard, who will also serve as our event emcee; Kristina Schaefer; Dr. Sal Villegas, Northern State University; SDBA President, Karl Adam; and Arthur Williams Jr.
Participating in learning opportunities outside the bank can be challenging. Take advantage of the SDBA's extensive selection of webinars and on-demand training to enhance your banking expertise directly from your computer.
In this episode, hosts, Linsey Hugueley and Elizabeth Holtrop, are joined by members from across Compliance Alliance: Kelly Owsley, a Virtual Compliance Officer in our Virtual Partners division, Brett Goodnack, a Compliance Advisor in our Compliance Hub division, and Jeff Swilley, Director of our Tailored Solutions division. Together, they unpack key regulatory developments facing banks, including the SBA’s directive to end the practice of debanking, the implications of disparate impact in compliance, and emerging issues in BSA, such as prohibitions on certain transmittals of funds and new exemptions to customer identification program (CIP) requirements. The conversation highlights how these changes may affect institutions of all sizes, the need for proactive compliance strategies, and the value of leveraging collaboration and tailored support to navigate an evolving regulatory environment.
President Trump 
Federal banking agencies today 
Episode 110