Ag CEO Ag Lenders Conference: Oct. 15, 20 and 22
SDSU Extension will present a one-day Ag CEO Ag Lenders Conference on Oct. 15 in Rapid City, Oct. 20 in Aberdeen and Oct. 22 in Sioux Falls.
Like the chief executive officer of any corporation, an ag CEO is a manager and visionary for his or her ag enterprise. SDSU Extension works with farmers and ranchers on their way to becoming an ag CEO, by focusing on a “systems approach” to farm and ranch business planning.
This one-day conference will focus on SD land values, cash rent trends, calf backgrounding costs, beef feedlot issues, crop costs/SD farm financial trends, grain market analysis and outlook, macroeconomic analysis, and livestock market outlooks and analysis. A discussion session will be included in each day’s conference wherein program needs, as they relate to producers and lenders, will be discussed.
Learn more and register.
Onsite Certified Community Banking Technology Professional: Oct. 14-15
The SBS Institute serves community banks by providing educational programs that will certify a banker has the knowledge and skills to protect against today's information security threats.SBS Institute is offering the onsite training: Certified Community Banking Technology Professional Oct. 14-15 at the Holiday Inn City Centre in Sioux Falls.
This certification provides a deep dive into critical components of an information security program to explore the technical design and implementation of security controls. The topics included in this program are critical to the successful implementation of an information security program, and this will explore their relationship.
An understanding of risk management, documentation and auditing will be explored in addition to possible solutions, implementation approaches, and technical considerations and configurations. Learn more and register.
SBS Offers 50 Percent Off Online Employee Security Awareness Training
Take advantage off SBS Institute's special offer (a $500 value) running through October on employee security awareness training.
Offer includes 60 minutes online security awareness training for up to 50 employees on topics such as: overview of threats (internal vs. external, social engineering, identity theft) hot topics, passwords, social media, acceptable use, information security program and incident response.
Offer expires Oct. 31, 2015. Use coupon code OCT50. Register for Employee Security Awareness Training.
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Questions/Comments
Contact Alisa DeMers, SDBA, at 800. 726.7322 or via email.
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House Passes TRID Grace Period Through Feb. 1; Bill Expanding 18-Month Exam Cycle Eligibility
By a bipartisan 303-121 vote, the House last night passed H.R. 3192, which would provide a safe harbor from enforcement
actions and private civil actions for lenders making good-faith efforts to implement the new TILA-RESPA integrated disclosures. The safe harbor would extend to Feb. 1.
“Borrowers in all parts of the nation will benefit from this legislation, ensuring that the transition to new rules proceeds without concerns over technical difficulties constraining credit or slowing the settlement process,” said ABA EVP James Ballentine.
Although the bill passed on a bipartisan basis, President Obama has threatened to veto the bill in part because it would “remov[e] the private right of action for violations.” In a memo to House members, ABA rebutted this claim, noting that “to gain the safe
harbor for either regulatory or private rights of action, there must be a showing of good faith efforts at compliance.” Read ABA’s memo.
On a related note, in unanimous votes, the House Tuesday night passed two bills consistent with ABA’s Agenda for America’s Hometown Banks. H.R. 1553, introduced by Reps. Scott Tipton
(R-Colo.), Lacy Clay (D-Mo.) and Andy Barr (R-Ky.), would raise the asset threshold for qualifying for the 18-month exam cycle from $500 million to $1 billion.
Meanwhile, H.R. 1839 -- introduced by Rep. Patrick McHenry
(R-N.C.) -- would permit conditional sales of privately held or restricted stock, a longstanding goal that will help community banks raise capital by making their shares more liquid. Read ABA’s memo on the bills.
SDBA Offers IRA Training on Oct. 16 in Sioux Falls
The SDBA will hold its IRA Update/Current Events Seminar on Oct. 16 at the Ramkota Inn in Sioux Falls. This program is targeted at experienced IRA specialists and will cover all changes that have occurred and discuss any pending legislation
The seminar builds on attendees' knowledge of IRA basics to address some of the more complex IRA issues their financial organizations may handle. This is a specialty session; previous IRA knowledge is assumed. The instructor uses real-world exercises to help participants apply information to job-related situations.
Learn more and register.
ABA Launches New Bank Marketing Website
As the ABA Marketing and Retail Conference in Denver kicked off on Sunday, ABA unveiled ABABankMarketing.com, a new online resource for bank marketing professionals. The site covers bank marketing trends and insights and includes news, interactive discussions, multimedia features and other information on ABA's related education and training for bank marketers and retail bankers.
“Marketing and branding for financial services have become strategic level issues that play a key role in dictating an organization’s relevance in the market, as well as its long-term success,” said ABA EVP Jim Edrington.
Also relaunching with ABABankMarketing.com is the ABA Bank Marketing School, which offers a new one-year program on strategic marketing for financial institutions, as well as preparation for the Certified Financial Marketing Professional certification. Visit ABABankMarketing.com. Learn more about ABA Bank Marketing School.
Keating Op-Ed: Don't 'Pin' Card Safety Hopes on Static Technology
As the EMV card fraud liability shift took place on Oct. 1, ABA President and CEO Frank Keating pointed out in a Huffington Post op-ed that the chip in the new cards is a big advance in protecting customers’ data. “The chip protects customers by creating a one-time transaction code that renders financial data nearly impossible for criminals to replicate, sell or repackage,” Keating wrote.
Keating rebutted claims by some in the retail industry that personal ID numbers are also necessary at the point of sale. “Many in the retail industry are muddying the waters,” he said. “It is the chip that matters, not the PIN. Static four-digit PINs are incapable of thwarting sophisticated hackers or disguising sensitive credit card information once stolen.”
PINs are only useful for stopping fraud in the rare and declining cases when cards are lost or stolen. They provide no value against the vast majority of card fraud today, which takes place via counterfeit cards and online transactions. “The more time we spend discussing PINs instead of the real issues facing consumers, the more we risk letting the true enemy -- criminal hackers -- stay one step ahead,” Keating wrote. Read the op-ed.
Lessons from the Financial Crisis: Prospects for Banking Reform
Francis Creighton, executive vice president of government affairs at the Financial Services Roundtable, will present “Lessons from the Financial Crisis: Prospects for Banking Reform” on Nov. 2, 7 p.m., at South Dakota State University, Brookings.
Creighton is a long-time veteran of Capitol Hill, previously serving as chief of staff to U.S. Sen. Chris Murphy (D-CT). Prior to joining Sen. Murphy, Creighton was vice president and chief lobbyist at the Mortgage Bankers Association, where he worked on affordable housing and other issues important to the real estate finance industry.
This event is co-sponsored by the Dacotah Bank Scholar Program in Agricultural Economics and Agribusiness and the Dykhouse Scholar Program in Money, Banking, and Regulation. It will be held in the Performing Arts Center. Learn more.
Voting Open for FHLB Des Moines' 2015 Strong Communities Award; First State Bank in Langford Competes
First State Bank in Langford, S.D., is one of seven finalists for Federal Home Loan Bank of Des Moines' Strong Communities Award.
A public vote will be held Oct. 5-16 on the Strengthening Communities Together website. The public vote will serve as a component of the selection process, and one winner in each category will be recognized during a community celebration and receive a $15,000 award to promote small business and economic development in their communities. The top finalist in each category will receive a $3,000 stipend.
The award honors the projects, the people and the programs that promote small business growth and retention in our communities and also highlights the great work that our member financial institutions are doing every day to help their communities thrive. First State Bank, Langford, constructed a new Main Street Center that promoted and housed new businesses and a community gathering space in the town of 318 residents. Read more about the finalists.
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