ABA Launches 'Vote 2022' Website Ahead of Elections

With the 2022 midterm elections approaching, ABA has launched a voter resource center on its Secure American Opportunity grassroots platform. The site is meant to help bankers and consumers alike find the information they need to get to the polls.

Visitors to the nonpartisan website can look up key election dates by state, including early voting dates, absentee balloting and registration deadlines; view a list of candidates in their state or congressional district; learn about key policy issues; understand how redistricting will affect the 2022 election; and register to receive election updates.

Bankers can also access ABA’s “get out the vote” toolkit to help banks encourage their employees to vote in their upcoming elections. Visit the site for South Dakota.

ABA Foundation Celebrates 25 Years of Teach Children to Save

The ABA Foundation today observes Teach Children to Save Day in connection with its flagship financial education program, Teach Children to Save. Teach Children to Save—which celebrates its 25th year this year—encourages bankers to educate local K-8 students about money and real-world financial concepts through classroom presentations, virtual lessons, social media engagement and other outreach efforts.

Since 1997, the ABA Foundation’s financial education initiatives have reached 11.6 million young people through more than 375,000 banker presentations. Participation in Teach Children to Save and the foundation’s other financial education programs—Lights, Camera, Save!, Get Smart About Credit and Safe Banking for Seniors is free to all banks. Teach Children to Save lessons can be delivered at any time during the year. Learn more about Teach Children to Save. For more information, contact ABA’s Jeni Pastier.

Bankers: Tell Congress to Pass Safe Banking Act

As more states allow some form of cannabis legalization, small businesses, banks and the communities they serve continue to be stuck in the middle of the divide between state and federal cannabis law. Congress has an opportunity to do something about it by passing the SAFE Banking Act, which would provide state-licensed cannabis businesses with a transition into the regulated banking system. The SAFE Banking Act has passed the U.S. House six times with strong bipartisan support and it’s now being considered for inclusion as part of the broader COMPETES Act.

The House and Senate are actively working out differences in the COMPETES Act and are expected to vote on it in the coming weeks. Write to your members of Congress today and ask them to weigh-in in favor of including the SAFE Banking Act in the final COMPETES bill. Learn more here.

Anderson: Advancing women in banking leadership is everyone’s business

In a new column for the ABA Banking Journal, ABA Chair Scott Anderson explains why he focuses so much on advancing female leadership in banking and why it's a job for everyone. He also addresses actions that Zions Bank, which he leads as president and CEO, have taken to empower female leaders throughout its market area and within the bank.

"Advancing women’s leadership in financial services is not just a job for women," he writes. "It’s a job for all of us, including male CEOs like me. It’s a job I’ve taken to heart. If we’re going to open opportunities for our female customers and team members—we all need to be fully invested." Read the full column here.

SDBA Closed Today

The SDBA remains closed today as we are in Aberdeen for the 'This is How We Roll' event at the DEC. We apologize for any inconvenience, but we'll be back in the office tomorrow morning at 8 a.m. CDT. If your business is urgent, please email [email protected] and we'll respond to you ASAP. Thank you for understanding!

CISA News: Scammers Scammed!

The following is from Jim Edman, CISA Cybersecurity Advisor for South Dakota

From the desk of long-time listener, first time submitter Andrew J. Ogan, a call recorded with a group of scammers in India. The investigator does a great job of identifying and frustrating the scammers over the phone. It’s a 14-minute video but he does a good job of explaining each step along the way on his call. The initial scam is in regards to an expired Norton anti-virus subscription with the ultimate goal of the scammers to empty his bank account. Unfortunately, far too many Americans fall for these types of scams. https://youtu.be/j0c_I7MWB1U

Last Call: 'This is How We Roll' in Rapid City - May 4

After we wrap in Aberdeen today, we have one last stop on our SDBA road show, 'This is How We Roll,' in Rapid City on Wednesday, May 4 at the Hotel Alex Johnson. We need to send our final meal numbers to the venue tomorrow, April 29, so if you're interested in attending, please register before COB tomorrow. As a reminder, these events are FREE and open to ALL BANKERS! We're talking about where we've come, where we are now and where we're going, the power of SDBA member engagement and an SDBIS overview. Click here to register!

Register Today for the NDBA/SDBA Annual Convention in Bismarck, ND - June 14-15

Join North and South Dakota bankers, June 14-15, for an incredible convention in Bismarck, as the community celebrates 150 years. We will be reminded in all of the best ways why we do what we do, why we do it together, and why we are grateful to make a difference in our hometowns throughout the Dakotas. A dynamic convention program awaits with many top-of-mind topics: leadership, employee retention, the economy, cryptocurrency and cybersecurity. The challenges of today create opportunities for tomorrow. As generations before us blazed trails, let’s gather together and continue to shape the future. Onward!

The full schedule and registration information can be found here.

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Compliance Alliance – QUESTION OF THE WEEK:

Q. Our customer received a phone call from someone telling the customer that the customer’s computer was about to be hacked. The person convinced the customer to allow remote sign into the customer’s computer to “stop the hacking process.” In this process, the customer provided both of his debit card numbers and PINs. The fraudster used these to then purchase gift cards. We feel the customer was clearly negligent in this case, but does that help the bank at all?

A. Unfortunately, when fraudsters gain access to accounts by persuading consumers to provide their access device (e.g., authorization or authentication code), Regulation E generally considers such situations to be unauthorized electronic fund transfers. Regulation E’s commentary specifically states that “[a]n unauthorized EFT includes a transfer initiated by a person who obtained the access device from the consumer through fraud or robbery.” https://www.consumerfinance.gov/rules-policy/regulations/1005/interp-2/#2-m-Interp-3 Furthermore, according to the commentary, “consumer behavior that may constitute negligence under state law, such as situations where the consumer wrote the PIN on a debit card or on a piece of paper kept with the card, does not affect the consumer’s liability for unauthorized transfers: https://www.consumerfinance.gov/rules-policy/regulations/1005/interp-6/#6-b-Interp-2 Therefore, consumer liability in these instances is generally going to be limited to $50 if the consumer notifies the financial institution of the loss or theft of an access device within two business days of learning of the loss or theft of the access device, or up to a maximum of $500 if the consumer fails to provide notice within that time period.

Compliance Alliance offers a comprehensive suite of compliance management solutions. To learn how to put them to work for your bank, call (888) 353-3933 or email [email protected] and ask for our Membership Team.

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