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June 9, 2022
ABA Raises Concerns About Digital Asset Regulation Bill
Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) today introduced the Responsible Financial Innovation Act—a bill that would create a regulatory fra...
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June 2, 2022
Memorandum for Remote Work Staff of South Dakota Banks
The Division is providing this guidance to assist bank management with defining remote work conditions and corresponding security protocols. South Dakota bank staff may ...
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May 26, 2022
ABA’s Nichols: Despite economic headwinds, banks are healthy and prepared
While uncertainty surrounds the U.S. economy at present, America’s banks remain healthy and prepared to support the communities they serve, said A...
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May 19, 2022
Message from Bret Afdahl, Director of South Dakota Division of Banking, re: last week's storm damage
Good morning. Many South Dakota communities, businesses, and farms were impacted by last Thursday’s storm, including seve...
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May 12, 2022
Banking groups call for changes to SEC cyber incident reporting proposal
On Monday, American Bankers Association and a coalition of financial services groups called for extensive changes to a proposal by the Securities and E...
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May 5, 2022
Fed Announces 50 Basis Point Rate Hike
In a significant move yesterday, the Federal Reserve announced that it will increase the target range for the federal funds rate to 0.75 to 1%, and signaled that “ongoing increases i...
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April 28, 2022
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 ba...
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April 21, 2022
ABA names new head of congressional relations and legislative affairs
The American Bankers Association has selected Kirsten Sutton to serve as EVP of congressional relations and legislative affairs. She succeeds James Ball...
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April 14, 2022
Agencies to Host Webinar on Cyber Security Notification Rule
The Federal Reserve, FDIC and OCC will host a joint “Ask the Regulators” webinar on Thursday, April 28 at 1 p.m. CDT on the recently finalized computer secur...
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April 7, 2022
Thune Leads Colleagues in Protecting Ag Industry from Biden’s Radical Environmental Agenda
U.S. Sen. John Thune (R-S.D.) on Wednesday led his colleagues in raising concerns about the Biden administration’s use of the ...
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March 31, 2022
Podcast: Breaking Ground as a Community Bank Chief Diversity Officer
While many larger banks have created “chief diversity officer” roles over the past several years, that role has been more of a rarity at smaller bank...
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March 24, 2022
Podcast: What Banks Need to Know about Russia Sanctions Compliance
In the wake of Russia’s invasion of Ukraine, western governments have imposed unprecedented financial sanctions on individuals, businesses, banks and gov...
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March 17, 2022
Raskin Withdraws Fed Nomination
Sarah Bloom Raskin, President Biden’s nominee to serve as the next vice chairwoman for supervision at the Federal Reserve, withdrew her nomination on Wednesday after failing to secure supp...
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March 10, 2022
Tester: Libor Fix Legislation Is in Must-Pass Spending Bill
A bipartisan, ABA-advocated bill to address “tough legacy” Libor contracts is included in the omnibus spending bill that Congress is expected to pass in the c...
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March 3, 2022
SDBA Seeking Candidates for Board Elections
Elections for the SDBA’s Board of Directors are scheduled for April. Two seats are up for election: Group I and Group III.
The Group I seat is currently held by John McGrath, F...
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February 24, 2022
ABA, Trade Groups Urge Congress to Raise Small Business Program Cap
ABA and a coalition of trade groups yesterday urged congressional leaders to increase the authorization level for the Small Business Administration’s...
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February 17, 2022
South Dakota Banking Industry Defeats Government Mandate Bill
The SDBA and its membership were successful this week in defeating a bill before the South Dakota Legislature that would have mandated how banks should oper...
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February 10, 2022
SDBA Unveils Banks Make a Difference Survey Results
South Dakota banks and their employees are cornerstones of their communities, providing philanthropy and volunteer leadership that helps transform lives. South Dakota ...
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February 3, 2022
Your Support Needed: Engage in Hot Topic Banking Issues in Pierre Next Week
Issues of importance to the banking industry are surfacing at the South Dakota Legislature, and bankers are needed in Pierre next Wednesday, Feb...
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January 27, 2022
Make Your Voice Heard at SDBA State Legislative Day
SDBA President Karl Adam and SDBA Legal Counsel Brett Koenecke met with the SDBA Legislative Committee yesterday via Zoom to discuss legislation this session that could...
