Westmoreland Supports Sub S Tax Equity Ideas
Rep. Blaine Luetkemeyer
(R-MO) has crafted a letter to regulatory
agencies requesting that they take additional steps to better level the
playing field between Subchapter S banks and Subchapter C banks,
particularly in regard to the Basel III capital conservation buffer
rules.Our thanks to Rep. Lynn Westmoreland
(R-Sharpsburg), who has
agreed to sign on to the letter, which will be sent early next week. We’ve
also asked David Scott
(D-Atlanta), as Georgia’s other member of the
U.S. House Financial Services Committee, to sign on to the letter.
Access a link to the Sub S letter here...
Financial Risk Management Conference - Nov. 4-5
Two Sessions Covering Income Opportunities to Highlight Financial Risk
At GBA’s upcoming
Financial Risk Management Conference
, Lilly Straith
managing director for Revenue Enhancement Solutions for Fiserv
discuss strategies for Treasury Management, Retail Banking and Wealth
Management that will help your bank support successful investments and stay
competitive in your market. Also on the agenda, attorney and consultant
, president, Gerrish McCreary Smith
, Memphis, TN,
will discuss strategies for achieving your bank’s goals. Whether you are
planning to be a buyer, a seller or simply pursue activities to maintain
your independence, you need specific strategies to reach those goals.
Click here to see more details and register online...
High Energy, Heavy-Duty Content Highlight Conferences
Top Georgia bank executives, lawyers and accountants met for two days this
week at their annual GBA conferences. “My biggest take away from the
conference was the integrity, commitment and quality of the leadership of
our state’s banks. It is important for us to have the opportunity, while
away from our banks, to build relationships, discuss current banking topics,
and to share ideas,” said Bill Hopper
, GBA board member and president
& CEO, The National Bank of Georgia
Read more conference highlights, what other Georgia bankers found valuable
and access a gallery of photos from the conferences...
Get Smart About Credit Day
Bankers Promoting Good Credit Habits
GBA member bankers around the state participated in national Get Smart
About Credit day activities on Oct. 16. Get Smart About Credit is national
campaign of volunteer bankers who work with young people to raise awareness
about the importance of using credit wisely. While Thursday was the official
Get Smart About Credit day, the tools and resources from ABA are available
any time for any banker to use.
Access a link to those resources and a list of participating Georgia banks
“Largely Optimistic” Outlook for Fed’s Sixth District
Near-term economic growth in the Federal Reserve’s sixth district is
expected to be slightly above current levels, according to the Fed’s most
recent Beige Book out this week. The outlook is “largely optimistic,” the
report said. Banking contacts said the environment is better for businesses
and consumers. Competition for loans is keen, credit demand is mixed and
line-of-credit utilization is relatively flat.
More details from the Beige Book report here...
CFPB Proposes TILA-RESPA Amendments
The CFPB last week
proposed two changes
to the TILA-RESPA integrated disclosure rule
that takes effect Aug. 1, 2015. One proposal would relax the timing
requirement that creditors provide revised disclosures on the same day that
a consumer’s rate is locked, in order to give creditors until the next
business day to provide a revised disclosure. The other proposes placement
of language relating to certain new construction loans on the Loan Estimate
form. Public comments are due on or before Nov. 10.
Costs Up 30 Percent for Mortgage Compliance
A Fannie Mae survey of senior mortgage executives indicates a dramatic
increase in compliance costs. Lenders responding to the survey reported a
nearly 30 percent increase in compliance costs in 2014 compared to 2013.
Seventy-two percent of those surveyed said they spent more on compliance in
the past year, and 72 percent also said new regulations had a “significant”
impact on their business.
Read more here...
Welcome New Associate Members
Congratulations to the following companies that were approved for associate
membership at the Oct. 14 GBA Board of Directors meeting:
Global Vision Systems, Inc. Chatsworth, CA, Catherine Lew,
Kistler Financial Insurance Group, Atlanta, Casey Castagna,
Client Relationship Manager
Lee Durham, LLC, Albany, David Orlowski, Partner
Logan Lee, Birmingham, AL, Greg Lee, Chairman & CEO
TMI Trust Company, Atlanta, Robert Cook, CEO
Find a Job, Post a Job with GBA Job Bank
The Georgia Bankers Association offers free job posting resources for our
member banks. These listings can be viewed
or through our print publication, the GBA Bulletin, mailed
every other week.
are also available. For more information, please
GBA Strategic Partner Spotlight
Click the logos below to lern more about these important GBA Partners...
Important Upcoming Events
FDIC Consumer Protection Workshop:
The FDIC Atlanta Region is pleased to announce the third installment of its
Consumer Protection Workshop seminar series. This workshop is an interactive
one-and-a-half-day event designed to provide information about current
topics of interest and enhance knowledge of consumer protection laws and
Register online here...
Credit Conference - Dec. 3-4
Tutterow’s Economic Update Highly Anticipated Kick-Off to 2014 Credit
Roger Tutterow, director of the Econometric Center and professor of
Economics at the Michael J. Coles College of Business at Kennesaw State
University in Kennesaw, will kick off this year’s Credit Conference
discussing topics such as interest rates, employment, housing, credit, and
economic growth and will provide specific insight into local and regional
trends that are critical to the effective management of our Georgia banks.
Click here to see more program and hotel details and register online
with questions, 404.420.2024.
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
David Oliver and Bogan Brannen