February 2, 2018     

Senate Regulatory Reform Bill Gets National Support
There's a possibility that the U.S. Senate soon may take up debate of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. The bipartisan bill has 12 Republican co-sponsors, including Georgia Sen. David Perdue, 11 Democrat co-sponsors and one independent. The bill eases mortgage rules for small lenders, attempts to simplify their capital requirements and removes the Volcker rule from applying as few, if any of these banks, engage in proprietary trading. Banks above $50 billion but less than $250 billion would benefit from changes that had formerly subjected them to stricter oversight and stress testing. The ABA, ICBA and two other national financial institution trade groups issued a joint letter of support for the bill this week to Senate leadership. Click here to access a link to the letter and see more details…
NCUA Questioned About Policy Decisions
Frequent readers of our E-Bulletin know we have often challenged NCUA on decisions they’ve made to greatly expand the reach of credit unions. The agency’s authority to interpret their statutory mandates is usually held up by the courts or the courts outright dismiss the challenges. But a new voice joined the chorus this week, the powerful chairman of the Senate Finance Committee Orin Hatch (R-Utah). Sen. Hatch wrote NCUA Chairman Mark McWatters a letter outlining several material concerns with the way the NCUA has expanded the credit union charter far beyond the letter and the spirit of the law. We won’t repeat all his questions here, but thought you’d like to read the letter for yourself, so click here to see it. We’ll be interested in hearing what McWatters has to say, especially because his name is frequently mentioned as one of the top people in the running to be President Trump’s nominee to head the Consumer Financial Protection Bureau. Our thanks to Sen. Hatch for weighing in.
Mixed Ruling in Major CFPB Case
A ruling Wednesday by a federal appeals court we've been watching closely has some good and not-so-good in it. The good is that the court upheld a lower court panel's ruling that the CFPB and then director Richard Cordray overstepped their authority in retroactively applying new RESPA interpretations to an enforcement action. On the downside, the court upheld the constitutionality of the CFPB's leadership structure -- a single powerful director who can be removed by the president only "for cause," not at will -- reversing a three-judge panel's decision made in 2016. Read more about the CFPB ruling here…
Former GBA Chairman Jimmy Burnsed Calls it a Career
This week we congratulate South State Bank's Jimmy Burnsed for an incredible 60-year career in banking and thank him for his leadership within his hometown and industry. Burnsed retired Tuesday. Burnsed served as GBA Chairman in 2001-2002, and has been a fixture of leadership in a variety of ways for your association. He's also been a GBA board member, a member of the GBA Insurance Trust Board of Directors, and a member of the GBA Public Affairs Committee. Nationally, he worked with the ABA on a number of advocacy issues and served as the national trade group's Georgia membership representative. The consummate "community banker," Burnsed also was a leader outside the bank, serving as Garden City Mayor and Bryan County Commission chairman for many years. "Jimmy has meant so much to his family, community and our association. His positive can-do attitude, his leadership from the heart, his strong faith and family values are top of mind characteristics anyone who's had the privilege to know him would mention. He's touched generations of others and those who have benefited from that will be forever grateful. We wish for him, Becky and his big extended family our well wishes as he begins this new journey," said GBA President and CEO Joe Brannen. Shown below are Burnsed and Brannen at a retirement event and Burnsed receiving a token of appreciation from market president and Leadership GBA Board member Jon Seagraves. A great article in this week's Business in Savannah describes how Burnsed got into banking after losing his job in 1958 with the Central Georgia Railroad and other career highlights. Read the article here...
ATM Jackpotting and another Scam Alert
The major banking fraud/crime news this week is that there's been a spike in bad guys conducting "jackpotting" attacks on certain types of ATMs in the United States. The U.S. Secret Service issued a warning recently to ATM owners and operators. The alert says criminals use a combination of physical access and malware to get the ATMs to empty themselves of their cash stock in seconds. Criminals dressed as service technicians use keys they can get online to access ATMs, install the malware and get the machines to disperse the cash. Diebold and NCR have issued alerts with recommended protective actions. The Financial Services Information-Sharing and Analysis Center (FS-ISAC) is also issuing information on the attacks. GBA encourages all banks to join FS-ISAC to receive the latest security alerts. Thanks also to Charlie Curry, First State Bank of Randolph County, for sharing another fraud alert with us to pass on to members. More about the other scam here…

Related: Banks reviewing their cyber-related insurance coverages may want to check out the cyber coverages offered by ABA Insurance Services, GBA's Strategic Partner for a variety of bank insurance products. Information here...
Last call for GBA's PAC at Georgia BankPAC Sporting Clay Tournament
There still time to register for Leadership GBA's BankPAC Sporting Clay Tournament. Join the huge crowd that's turning out for this new fundraiser Thursday, Feb. 8, at Old Hudson Plantation, Sparta. Put together a foursome or two of bankers, directors, community leaders or even customers to share a round of clays and talk about important banking issues. Registration is $150 per person, $500 per four-man team or $700 for a team and stand sponsorship (a $150 savings). Check our detailed information about the tournament and registration information here. With questions, contact GBA's Susie McGehee at 404.420.2010.
Deadline - Feb. 9
Act Quickly to Save on Banking, Compliance Schools

The deadline for early-bird registration for the Georgia Banking School or the GBA Basic Compliance School is Friday, Feb. 9. Don't miss this opportunity to save on providing an incredible investment in your bank's best emerging management and compliance talent. The GBA Board and many of our committees have identified talent development as critical strategic needs for the industry, and these schools help strengthen the talent of career bankers across the state.
GBA 125 Facts
Long Histories for Key GBA Member-Value Offerings

As we look at GBA's history going all the way back to 1892, we see that the Association has several current components of its member-value lineup that stretch back for decades, some for more than half a century:
  • 57 years: The Georgia Banking School has been the bedrock comprehensive career-banker development, graduating generations of Georgia bank CEOs and other executives.

  • 52 years: GBA Insurance Trust has been providing high-quality, competitively priced health and life insurance.
  • 46 years: GBA Retirement Services, has been providing top-notch 401(k), pension and other retirement benefit services for member banks, preparing their employees and families for financial stability upon retirement.

  • 27 years: GBA Services, Inc., has been providing a variety of money-making and money-saving products and services for members.
Three Key Conferences to Check Out
Our spring conference lineup is outstanding this year (as it always is!) so don't miss out on having a representative attend these key learning and development programs:
  • Operations and Technology - March 6-8: Special pre-conference sessions, updates on payments, vendor management, biometrics, regulations and more. Location: Atlanta Marriott Northwest. Details and registration...

  • HR Professionals Institute - March 21-23: Leadership skills, wellbeing, diversity issues, management techniques, legal updates and more. Location: Westin Jekyll Island. Details and Registration...

  • Bank Security - April 12-13: A variety of customer protection topics, technology updates and plenty of peer networking. Location: King and Prince Beach and Golf Resort, St. Simons. Details and registration...
A Primer in Payments FinTech for Community Banks Webinar - Feb. 22
FinTech companies are changing the way payments are moving using data analytics and streamlined payment rails to move payments faster. FinTech disruptors are different than FinTech partnerships for financial institutions. Community banks are beginning to document their payments strategies that will move money faster while adding data analytics to combat fraud in a real-time environment. On Feb. 22 at 2:30 p.m., the Primer in Payments FinTech for Community Banks webinar will focus on the difference between competing with FinTechs and partnering with FinTechs. Click here to register online
Fair Lending for HMDA & Non-HMDA Banks - Feb. 28
Compliance officers, compliance auditors and loan officers won't want to miss GBA's Fair Lending seminar Feb. 28 at The Brickyard Golf Club in Macon. Steve Moore of Bank Compliance Services will provide 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 this full-day seminar. Moore will cover the following…
Loan Documentation - March 1
To help our member banks prevent loan losses through the implementation of proper loan structuring and documentation techniques, GBA is hosting its next Loan Documentation seminar on March 1 at The Brickyard Golf Club in Macon. A faculty member of the Georgia Banking School with more than 35 years of industry experience, Mike Allen of State Bank and Trust Company will cover the following topics…
Advanced Compliance Seminars - March 13-15
GBA will present new back-to-back seminars on complex compliance requirements with Steve Moore, Bank Compliance Services, March 13-15 at Middle Georgia State University in Macon. Moore will present the programs below:
  • On March 13, the Advanced Deposit and Operations Compliance seminar will cover more advanced deposit compliance rules that impact bank operation services, including BSA, EFTA/Regulation E and UDAAPs (Unfair, Deceptive or Abusive Acts or Practices) in easy-to-understand language. Register by March 5 for the early-bird registration price of $225 per person.Click here to register...

  • On March 14-15, the Advanced Lending Compliance (including QMs/ATR and TRIDs) seminar will focus on consumer lending compliance. It will cover more complex compliance requirements and common problem areas, and it will offer 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. Register by March 6 for the early-bird registration price of $325 per person. Click here to register…
You may register for one or both of these seminars. Please contact GBA's Katina Prokos at 404.420.2021 with questions.
Marketing Peer Group - May 9
Marketing Peer Groups are for You
Whether you are a seasoned marketer new to banking or a banker new to marketing, GBA's Marketing Peer Group is for you. GBA's Marketing Peer Group meets twice a year, in spring and fall. Come join us May 9 for a day-long session in Athens. Our first session will be roundtables, where we will discuss peer issues and share valued resources. After lunch, we will join first-year Georgia Banking School students for a session about Consumer Behavior taught by Marcus Cunha, professor of Marketing at the University of Georgia. All Georgia bank marketing professionals would benefit from attending this unique opportunity. But, register early because space is limited. Registration is $175 per person. Click here to register online. With questions, please contact GBA's Alison Moreau at 404.420.2034.
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.
Protect Your Human Capital and Your Bank with Employment Law Resources
Monitoring revisions and changes to labor laws that affect the banking industry can be a challenge. Your bank can stay ahead of the curve with help from GBA Strategic Partner Employment Law Compliance, Inc. (ELC). ELC has a successful history of working with community banks of all sizes that may not have a large HR staff or in-house employment counsel. The professionals at ELC average 25 years of experience in their field. ELC's entire staff is committed to designing and maintaining the best solutions and services to help your bank. For more information, please contact ELC's Steve Greene at 770.206.3371.
Discounts Available for DOR-Approved E-Titling Provided by DDI
Decision Dynamics, Inc.
(DDI) is GBA's preferred provider of the Premier eTitleLien™ product, a leading web-based computer program that enables lienholders to exchange lien and title information with the Georgia Department of Revenue Motor Vehicle Division thus eliminating the need to obtain paper titles for vehicle and mobile home collateral management. For volumes over 10 titles per month, the per-unit price drops significantly. And now, there is no software to install, nothing to purchase and no support charges or training fees. For more information, please contact DDI's Todd Phillips at 803.808.0117.
SouthState Bank
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...
Wendy Stewart
Kelly Herrington and
George Slappey
Janet Davis
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