February 16, 2018    

House Moves on Regulatory Relief Bills
Two Bipartisan Regulatory Relief Bills GBA Supports Passed the U.S. House Wednesday. One of the bills, H.R. 3978, would improve TILA-RESPA integrated disclosures by allowing accurate disclosure of title insurance premiums and other discounts available to homebuyers. This would clear up inconsistencies in mortgage documents. H.R. 3299 would ensure that validly made loans remain valid when they are sold or assigned, thus promoting transparency and predictability in the secondary market. The bill codifies this concept, which has been questioned in court. We'll monitor the progress of these as they move to the Senate for consideration. With questions, contact Joe Brannen, 404.420.2036, or Elizabeth Chandler, 404.420.2027.
Georgia in on Fintech Payments Licensing Standardization Pact
Georgia is among seven states that have agreed to a multi-state agreement to standardize key parts of how money service businesses (MSBs) are licensed. "The Georgia Department of Banking and Finance is always looking for opportunities to gain efficiencies that preserve its mission and also provide benefit to those it regulates and licenses," said Kevin Hagler, commissioner of the Georgia Department of Banking and Finance. "We see this agreement as a great opportunity to improve the licensing process for both regulator and licensee, and look forward to working with our fellow states toward that goal." The way it works is that if one state reviews key elements of state licensing for a money transmitter - IT, cybersecurity, business plan, background check, and compliance with the federal Bank Secrecy Act - then, other participating states agree to accept the findings. We applaud the department for its leadership in looking for ways to modernize how all parts of the financial services industry are regulated in Georgia. Learn more here…
Tax Accounting Standard Issued
Here's an update on a story from last week. The Financial Accounting Standards Board has published the final standard it announced last week outlining how banks can adjust regulatory capital balances that were affected by the new tax reform law. The issues addressed are related to how deferred tax assets are recorded, with the previous method distorting how net income and regulatory capital are reported and creating significant operational burden for banks to track the amounts going forward. Banks can apply the new standards to their 2017 returns. Consult your accountants. Access the standard here. With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.
GBA Member Profile
Variety the Spice of a Banking Career Says WB&T's McDonald

One of the best career lessons WB&T vice president Christa McDonald ever got was to not fear trying new things that may be slightly out of her comfort zone. "If you have the opportunity to help in other areas where you work, take the opportunity to learn something new," she told us. She also has a compelling pitch for people considering a career in banking, which she shared in this week's GBA Member Profile. As 2017-2018 chair of GBA's Operations and Technology Committee, McDonald said she is really looking forward to the training coming up at next month's Operations and Technology Conference. She shared a lot more with us about some goals and challenges she anticipates for this year. Be sure to check out the complete member feature here…
A Great Way to Give Back: Volunteer to Join a GBA Committee or Board
More than 225 bankers volunteer each year to serve on a committee or board. We rely on them to shape the association's advocacy efforts, educational programs and planning, the products and services we provide members and in our role as the industry's principal voice to the media and general public. And the personal connections bankers make when serving together toward a common goal can last a lifetime. Click here to read more about GBA's committees and boards and their roles. To nominate a fellow banker or to volunteer yourself, click here. The nominations and volunteer deadline is Friday, March 30. Contact GBA's Kathy Friestad with questions at 404.420.2024.
Momentum Building for BankSafe Training Pilot
There are now 12 GBA member banks signed up for the BankSafe training pilot program to combat elder financial exploitation. They'll be national industry leaders, as Georgia is one of only 12 states selected for the pilot program. We've already exceeded the minimum for the pilot, and we certainly want to see more banks sign up. There's no limit. GBA and its Security Committee support this program, as does the Georgia Department of Human Services. The program was developed by AARP in partnership with more than 200 experts from banks and credit unions across the country. You can see how the BankSafe training is different in this short video. The BankSafe training program is designed with the frontline user in mind. The BankSafe training provides…
Cotton Price Protections in U.S. Budget
We were pleased to see that the budget signed last week by the President included new price protections helpful to our state's cotton farmers. Cotton fiber and cotton seed are now eligible for price protections covered by the Price Loss Coverage Program in the current Farm Bill, which was passed in 2014. Georgia produces the second most cotton in the U.S., and 2017 was a challenging year for our cotton farmers. More details about the cotton crop protection here…
Rural Development and Lending Conference Registration Open!
The GBA Agriculture Committee , chaired by Chris McCard, South Georgia Banking Company, Ashburn, has finalized an excellent agenda for the 2018 Rural Development and Lending Conference, May 21-22 at The King and Prince Hotel on St. Simons. If your bank is involved in agribusiness, be sure your lender or someone from your executive team attends. Click here to register. See the brochure…
Bank Insurance Trends
Liability Claims Outpace Bond Claims at Banks of all Sizes
A look at 2017 claims within the ABA Insurance Services portfolio of covered banks shows some interesting trends. Lender liability claims outpace bond claims overall. At larger institutions lender claims were 33 percent of all liability claims. D&O and employment practices claims were next with 17 percent. At smaller banks, D&O claims, employment practices claims and then cyber claims were the top three categories. Cyber claims increased for both categories of banks. More insurance info here...
Don't Wait Until it's Too Late!
Hotel Room Blocks are Open for these Big Events!
2018 Annual Meeting
June 17-20
Half Moon Bay, CA
Leadership Conference
July 16-19
Ponte Vedra, FL
Fair Lending for HMDA & Non-HMDA Banks - Feb. 28
Get an in-depth look at fair lending, including the process used to conduct "side-by-side loan file analysis," common loan practices with potential fair lending effects and other components of an effective fair lending program during GBA's Fair Lending for HMDA & Non-HMDA Banks seminar Feb. 28 at The Brickyard Golf Club in Macon. In addition to covering the use of HMDA data and loan reports in fair lending analysis, Steve Moore of Bank Compliance Services will go over the fair lending examination process, comparative loan pricing analysis and underwriting analysis. Early-bird registration ends Feb. 20! Registration is $225 per person. Click here to register online. Please contact GBA's Katina Prokos at 404.420.2021 with questions.
2018 Operations and Technology Conference, March 6-8
Next Generation Payments Movement: It's All About The Psychology, Not The Technology - Or Is It?

According to Terri Sands, AAP, CAMS-Audit, CFE, ACT specialist, director of Payments Risk Management and founder, Secura Risk Management, customers have higher expectations from their financial institutions for expediting payments while securing their account information and the funds held in that account. At GBA's 2018 Operations and Technology Conference, March 6-8 at the Atlanta Marriott Northwest, Sands will answer many questions about the payments race. What are the regulatory expectations from the financial industry? What are leading industry practices? How will you survive in this fast-evolving payment scene? Register today to find out!
Advanced Lending Compliance (including QMs/ATR and TRIDs), March 14-15
Compliance officers, loan officers, loan assistants and compliance auditors won't want to miss GBA's new Advanced Lending Compliance (including QMs/ATR and TRIDs) seminar March 14-15 at Middle Georgia State University in Macon. Focusing on consumer lending compliance, this two-day seminar will cover more complex compliance requirements and common problem areas while offering extensive question-and-answer opportunities to address compliance concerns. Attendees will also complete several "real-world" lending compliance reviews and "underwrite" consumer real estate loans in accordance with ATR rules. Steve Moore, Bank Compliance Services, will cover the following…
HR Conference Favorites to Share Legal and Healthcare Updates
The 2018 HR Professionals Institute, March 21-23 at the Westin Hotel on Jekyll Island, will bring back two experts who are always conference favorites. Steve Greene, an employment / labor attorney and managing member, Matthews & Greene, LLC, will spend Thursday morning at the conference discussing the most significant legal compliance challenges for bankers and sharing practical advice and materials to help you implement HR best practices. Attendees will be able to ask Greene specific questions about situations they face. Then, we've expanded the time slot for Edie Lindsay, general counsel for GBA Insurance Trust, who will be on hand with an update on HR issues related to insurance. Lindsay will also touch on what prescription benefit managers are doing in regard to the opioid crisis. Click here to see the detailed agenda, register online, or to reserve your hotel room.
How the Market Correction Affects 401(k) Investors
Don't let volatility in our current market scare you. While market pullbacks like we saw recently can be unsettling, GBA Retirement Services (GBARS) urges its participants to keep a long-term perspective on their investing. Unified Trust Company, the discretionary Trustee and Investment Manager of the GBA Master Trust, has released a good commentary with perspective about the recent market volatility. Click here to read the commentary and much more from GBARS
Did you know…
What's the Difference Between a Professional Certification and a Certificate Program

Ongoing professional education is a priority in today's workplace, and there is a resurgence of interest in both certificate programs and professional certifications. Each has a valuable but distinct purpose and it is helpful to know how they differ...
Online Classes - Ag Lending, Trust Services, IRAs
These ABA online classes are coming up in February. Facilitated online courses feature an online learning community with fellow students, instructor guidance and feedback. These courses have weekly assignments as well as midterm and final exams. Any employee of a GBA member company can participate at the member rate. Your bank does not have to be an ABA member. All you need is a computer, printer and Internet access. Learn more here...
Free Webinar - March 12
Is Your Debit Card Brand Program Working For Your Bank?

On March 12, please join Richard Green of Discover Debit to learn more about the review and analysis process of selecting the debit card program for your bank. Letting an existing signature debit network contract simply roll over can seem like the right thing to do, but a closer look might prove otherwise. If it has been a few years since you last signed a contract with your signature network, now is the time to reassess. You are more than likely leaving non-interest income on the table, paying unnecessary fees or dealing with burdensome terms that restrict you from adapting to shifting market trends, including PINless and mobile transactions, the EMV liability shift and changes in the debit card landscape. In Discover’s presentation, you will learn…
Fill a Job, Find a Job with the GBA Job Bank
The GBA Job Bank is among the most popular and valuable benefits we provide to member banks and bankers. The Positions Available and Bankers Available sections on our website consistently are among the most visited pages. Best of all, the service costs nothing for member banks and bankers. To make the process of posting a job or resume easier and to answer any questions you may have, we've developed this Q & A document as a resource. It outlines how to submit open positions and resumes, our deadlines and timelines for posting, and other helpful details. If you have any questions, please contact GBA's Bo Brannen at 404.420.2014.
GBA Community Connections
We want to share all the good work GBA member banks, bankers, Associate Members and Bank Counsel Section members do to support their communities. Read all about the Community Connections our banks and members have below. Share your Community Connections by sending a brief paragraph and any photos of activities you have to us and we'll publish them at our earliest opportunity. Send information to Bo Brannen and David Oliver, or if your company would like to sponsor this content, let us know. Here's our latest installment...
Wells Fargo
Waycross Bank & Trust
GBA Newsmakers
Cuthbert - First State Bank of Randolph County/Albany - Flint Community Bank

Our sympathies to Lorraine, Scott, Heather and the extended family and friends of bank president and CEO Charlie Curry, who passed away suddenly last week. Charlie was also a member of the Flint Community Bank Board of Directors. Charlie was active with GBA throughout his career. He was the current Group 3 BankPAC Board member, a former GBA Board member and former chairman and longtime member of the GBA Agriculture Committee, and a former Group officer. "Charlie epitomized what it means to be a community banker. He constantly looked for ways to serve his customers in times of need and times of plenty. He was always the first to volunteer his time and energy to improve Cuthbert, Shellman and Randolph County. And he was more interested in knowing about the individual and connecting with their family than he was interested in digging through their financial statements. One only needed to see the long line of people waiting to pay their respects at the visitation or the throngs of people both inside the church and standing in the mist outside during his service to appreciate the depth of affection the entire community had for him and his family. He will be greatly missed and I'm sure all our members will join us in keeping his family in our thoughts and prayers during this difficult time," said GBA president and CEO Joe Brannen.

Read more about Georgia Bankers making news this week...
Read All About It: Send Us Your News
Please remember to include the Georgia Bankers Association on the list of recipients for announcements about promotions, new employees and special recognition your bank has received. We want to share your news with your colleagues across the state. Please forward your announcements and photos to GBA's David Oliver and Bogan Brannen