SDBA eNews

October 5, 2023

ABA Launches #BanksNeverAskThat Campaign for 2023

The American Bankers Association and banks across the country today launched the fourth annual #BanksNeverAskThat consumer protection campaign. With more than 2,000 participating banks, the anti-phishing campaign has helped educate millions of bank customers and consumers on how to spot common scams from bad actors posing as their bank.

This year’s campaign—launching in recognition of National Cybersecurity Awareness Month in October—includes an updated BanksNeverAskThat.com, a new interactive quiz for consumers, and a Spanish language website and content available at BancosNuncaPidenEso.com. ABA and participating banks will share videos, eye-catching graphics and consumer tips on social media, bank websites, ATM screens and bank branches nationwide to help educate consumers.

“America’s banks have already reached millions of Americans with the #BanksNeverAskThat message, and this year will be our biggest yet,” ABA President and CEO Rob Nichols said. “We’ve got a host of compelling new educational content including resources for Spanish-speaking bank customers, so we can help even more consumers beat scammers at their own game.”

The #BanksNeverAskThat campaign is open to ABA members and non-members - click here to register for the toolkit!

ABA, Industry Partners Host Webinars for Cybersecurity Awareness Month

ABA will host webinars to coincide with National Cybersecurity Awareness Month in October. The webinars cover several aspects of cybersecurity, including ransomware, protecting customers from cyber threats, new technologies and risk assessment processes. Upcoming webinars include:

‌CISA Cyber Hygiene Vulnerability Scanning Service and Financial Services Vulnerability Snapshot, sponsored by ABA and the Treasury Department, Thursday, Oct. 5, at 1 p.m. CT
The Cybersecurity & Identity Benefits of .BANK, sponsored by ABA and fTLD Registry Services, Wednesday, Oct. 11, at 1 p.m. CT
Assessing Cybersecurity Risk with the CRI Profile and Cloud Profile, sponsored by ABA and the Cyber Risk Institute, Tuesday, Oct.17, at 1 p.m. CT
2023 Cyber Trends and Claims—What Bankers Need to Know, sponsored by ABA and ABA Insurance Services, Tuesday, Oct. 24 at 1 p.m. CT

‌Bankers can view a cybersecurity innovation showcase, the #BanksNeverAskthat anti-phishing campaign, employee training and ABA Foundation’s free resources by visiting the dedicated cybersecurity page on ABA.com

Register for the Emerging Leader Summit | October 17-18, Pierre/Ft. Pierre

The 2023 SDBA NEXT STEP: Emerging Leaders Summit, which will be held at the Casey Tibbs Rodeo Center Museum in Pierre/Fort Pierre, SD, on Tuesday and Wednesday, October 17 & 18! The agenda is stacked with engaging, dynamic, energetic and leadership-driven speakers who are ready to amp up our emerging leaders in the banking industry. There are also several optional tours and events at no extra charge for all registered attendees!

We frequently receive questions from our members like: "What is the Emerging Leader Program?" or "Who qualifies as an 'emerging leader'?" or "Who can come to SDBA's events that has Emerging Leaders-centered programming?"

It can be kind of intimidating to be asked to be or considered as a leader, no matter the capacity or situation. But truth is, and the answers to the questions above are simple: if you are looking to advance your banking career, advocate for your industry, inspire the next generation of banking professionals, or prepare your successor, you are welcome and encouraged to register and attend SDBA's events that include Emerging Leader programming. There are no titles, prerequisites or prior events and courses you need to attend either.

Click here to review the agenda and register for the event.

Next Monday/Tuesday Livestreams: ABA’s Rob Nichols, ABA Chair Dan Robb, Fed’s Michael Barr and Atlanta Fed’s Raphael Bostic to Headline ABA’s Annual Convention

ABA President and CEO Rob Nichols, outgoing ABA Chair Dan Robb, Federal Reserve Vice Chair for Supervision Michael Barr and Atlanta Fed President Raphael Bostic will headline the American Bankers Association’s 2023 Annual Convention next week in Nashville, Tenn. before an audience of bank leaders from across the country.

On Monday, Oct. 9, Nichols will kick off the convention with remarks outlining the key issues facing the banking industry and how ABA is navigating a complex regulatory and legislative environment, Dan Robb will offer his perspective on his year as ABA Chair, and Vice Chair Barr will share his outlook for bank regulation before sitting down for a conversation with Nichols. In addition, a panel of bank CEOs from around the country will discuss the health of the banking sector, the business outlook in their markets, the policy environment and what has them excited about the future.

A livestream of Monday morning’s general session on Oct. 9 will be available here on X (formerly Twitter): https://twitter.com/i/broadcasts/1BdxYrjeEavKX

Tuesday Morning General Session

Dr. Bostic, whose Fed district includes Nashville, will join ABA Chief Policy Officer Naomi Camper in a conversation on the outlook for the U.S. economy and interest rates, opportunities to enhance financial inclusion and more. In addition, the winners of the ABA’s Foundation’s 2023 Community Commitment Awards will be recognized. The banks being honored have all demonstrated extraordinary service to their communities in seven different categories. Also on Tuesday, Lindsay Torrico, executive director of the ABA Foundation, will moderate a panel on how banks and community organizations are working together in Nashville to assist low- and moderate-income households in achieving sustainable homeownership. The general session begins with the formal election of ABA’s new officers and the incoming chair will address the convention.

A livestream of Tuesday’s general session on Oct. 10 will be available here on X (formerly Twitter): https://twitter.com/i/broadcasts/1BdxYrjeEbNKX

The schedule for the livestreams on both days is as follows (all times Eastern)*:

Monday, October 9

9:00 – 9:15 a.m.: Welcome by Rob Nichols, president and CEO, American Bankers Association

9:15 – 9:50 a.m.: “The View from the Fed” by Federal Reserve Vice Chair for Supervision Michael Barr, followed by a conversation with ABA President and CEO Rob Nichols

9:50 – 10:00 a.m.: Chair’s address by Dan Robb, president and CEO, Jonesburg State Bank; chair, American Bankers Association

10:00 – 10:30 a.m.: “State of the Industry” Bank CEO Panel

Scott Anderson, president and CEO, Zions Bank
Kenneth Kelly, president and CEO, First Independence Bank
Carissa Rodeheaver, chairman of the board, president and CEO for First United Bank & Trust and First United Corporation; treasurer, American Bankers Association
Dan Robb, president and CEO, Jonesburg State Bank; chair, American Bankers Association

Tuesday, October 10

9:00 – 9:20 a.m.: Annual Business Meeting and Incoming Chair Address

9:20 – 9:30 a.m.: Presentation of 2023 ABA Community Commitment Award Winners

9:30 – 10:00 a.m.: Conversation on the U.S. economic outlook and more featuring Atlanta Fed President Raphael Bostic and ABA Chief Policy Officer Naomi Camper

10:00 – 10:30 a.m.: “Partnerships and Pathways to Homeownership for All” panel

Moderator: Lindsay Torrico, senior vice president of bank community engagement at ABA and executive director of the ABA Foundation
Damon Allen, senior vice president, chief marketing and community investment officer, The Federal Home Loan Bank of Cincinnati
Stephen Dixon, senior vice president and community development officer, Bank of Tennessee
Danny Herron, president and CEO, Habitat for Humanity of Greater Nashville

* All times are approximate and subject to change.

The full convention program, including additional education sessions, is available on the ABA website.

Banks to Accept Entries for ABA Foundation’s Annual Lights, Camera, Save! Teen Video Contest

Banks across the nation are now accepting entries for the American Bankers Association Foundation’s 13th annual Lights, Camera, Save! video contest. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. This free competition is one of ABA Foundation’s most popular financial education initiatives.

Teen contestants are asked to create a 30-second or less video that highlights the importance of using money wisely and submit it to a local participating bank. The contest is open to young videographers of all experience levels. Participating banks across the country will be accepting Lights, Camera Save! entries through Dec.1. To find a list of participating banks, click here.

Registered banks will host the first round of judging and select a winning student to compete on the national level for several awards, including a grand prize of $5,000, $2,500 for the second-place winner and $1,000 for the third-place winner. National contestants will then go head-to-head on ABA’s Instagram page to determine which videos advance to the final round of national judging. Last year’s contest drew impressive submissions from across the country. [View the 2022 winning video]

“Lights, Camera, Save! gives teens an opportunity to channel their creativity for the greater good,” said Lindsay Torrico, executive director, ABA Foundation. “Every video and every view help educate the next generation on the importance of strong financial management. We look forward to seeing what this year’s contestants come up with.”

Students interested in entering the Lights, Camera Save! competition can learn more about the contest at lightscamerasave.com.

The ABA Foundation provides registered banks with all contest materials, real time customer support and promotional resources completely free of charge. Any bank interested in participating in the contest can still sign up online at aba.com/lightscamerasave. Registered banks will be featured on the list of participating banks on the ABA Foundation website and in press materials.

This year’s contest is generously sponsored by Plinqit, the first platform that brings together automated savings, data-driven financial wellness content and virtual account management.

SDBA Closed in Recognition of Native American Day

In recognition of Native American Day, the SDBA office will be closed on Monday, October 9. The SDBA will re-open again at 8 a.m. on Tuesday, October 10.

CISA News: CISA Cybersecurity Awareness Toolkit & Webinar Series

Since 2004, the President of the United States and Congress have declared the month of October to be Cybersecurity Awareness Month, a dedicated month for the public and private sectors to work together to raise awareness about the importance of cybersecurity.

This is the 20th Cybersecurity Awareness Month and it has grown into a collaborative effort between government and industry to enhance cybersecurity awareness, encourage actions by the public to reduce online risk and generated discussion on cyber threats on a national and global scale.

Secure Our World: 2023 and Beyond 

In recognition of the 20th year, CISA announced a new enduring cybersecurity awareness program, Secure Our World. Secure Our World reflects a new enduring message to be integrated across the Cybersecurity and Infrastructure Security Agency’s (CISA) awareness campaigns and programs, and encourages all of us to take action each day to protect ourselves when online or using connected devices.

The program promotes behavioral change across the Nation, with a particular focus on how individuals, families and small to medium-sized businesses can Secure Our World by focusing on the four critical actions below. Secure Our World is the theme for this year’s Cybersecurity Awareness Month and will remain the enduring theme for future awareness month campaigns.

View the page here.

QUESTION OF THE WEEK

Q: Can I issue an access device off of a HELOC?

A: While not prohibited, there are some risks to keep in mind. The main federal compliance issue is that debit cards issued for HELOCs are generally considered "credit cards" for Regulation Z purposes, subjecting them to the Regulation Z credit card provisions.

Regulation Z's Commentary to 12 CFR 1026.2(a)(15)-2(ii)(C) states that "if a line of credit can also be accessed by a card (such as a debit card), that card is a credit card for purposes of §1026.2(a)(15)(i)", meaning that the debit card falls under Regulation Z's definition of "credit card".

https://www.consumerfinance.gov/rules-policy/regulations/1026/2/#2-a-15-Interp-2-ii-C

Further, in accordance with 12 CFR 1026.12(d), since the debit card would be a "credit card" under Regulation Z, the bank would generally lose its right of offset under the regulation.

https://www.consumerfinance.gov/rules-policy/regulations/1026/12/#d

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