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ABA Banking Journal Podcast

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The latest banking industry and regulatory news, brought to you weekly by the American Bankers Association's award-winning Newsbytes team. Hosted by Evan Sparks and Shaun Kern and featuring guest interviews.

The latest banking industry and regulatory news, brought to you weekly by the American Bankers Association's award-winning Newsbytes team. Hosted by Evan Sparks and Shaun Kern and featuring guest interviews.
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United States

Description:

The latest banking industry and regulatory news, brought to you weekly by the American Bankers Association's award-winning Newsbytes team. Hosted by Evan Sparks and Shaun Kern and featuring guest interviews.

Language:

English


Episodes

What Legislative and Regulatory AML/BSA Changes Mean for Banks

10/16/2019
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Next week, the House is expected to vote on two ABA-backed, bipartisan bills to modernize the anti-money laundering/Bank Secrecy Act regime. The House vote continues what has been a busy fall on BSA reforms. On the latest episode of the ABA Banking Journal Podcast — sponsored by Money Concepts International — ABA’s policy team breaks down: Corporate Transparency Act (H.R. 2513)Counter Act (H.R. 2514)Illicit Cash Act Efforts by regulators and FinCEN

Duration:00:18:28

Dan Robb on Standing Up for Banking

10/9/2019
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“Our customers are our most valuable asset,” says Dan Robb, president and CEO of Jonesburg State Bank. “When we see them having trouble getting credit because of regulations that have been put into place, we have to voice that to Congress.” As incoming chairman of ABA’s Government Relations Council, Robb has a lead role in shaping that voice to Congress. On the latest episode of the ABA Banking Journal Podcast — sponsored by Money Concepts International — Robb discusses the future of the...

Duration:00:21:49

From Financial Crisis to Digital Transformation

10/2/2019
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“There are so many ways we can bring banking to people,” says Ryan James, president and CEO of Surety Bank in Deland, Fla. “Community is not bound by geography. I look at community as shared interest.” James became one of the youngest bank CEOs in the country when he took the helm of Surety Bank in 2009, in the midst of the fallout from the financial crisis, Florida's economy was hit especially hard. On the latest episode of the ABA Banking Journal Podcast — sponsored by Money Concepts...

Duration:00:16:54

What the SAFE Banking Act Means for Banks and Cannabis

9/26/2019
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On Sept. 25, the House passed a landmark cannabis bill: the ABA-backed SAFE Banking Act, which would provide clarity to financial institutions seeking to serve legitimate marijuana businesses. In this bonus episode — sponsored by RIVIO Clearinghouse, the future of financial information exchange — ABA’s policy team breaks down:

Duration:00:17:52

The Risks of Delaying CECL for Some Banks but Not Others

9/25/2019
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Since the ABA Banking Journal Podcast last checked in on the Current Expected Credit Loss standard — which is coming into effect for many banks and the vast majority of bank assets on Jan. 1, 2020 — there have been several key developments: the proposal of a three-year delay for private and smaller public companies, the introduction of bipartisan bills that would require the Financial Accounting Standards Board to pause CECL implementation pending a quantitative impact study and questions...

Duration:00:17:03

Compliance’s Role in Innovation and Change Management

9/18/2019
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The mindset of bank compliance officers is shifting to focus on how they can support product innovation and change management, applying their expertise in regulations and process management ultimately to accelerate the innovation process. On the latest episode of the ABA Banking Journal Podcast — sponsored by RIVIO Clearinghouse, the future of financial information exchange — community bank chief compliance officer Kevin Georgetti explains that compliance professionals “want to be there at...

Duration:00:09:08

Surprising Places to Understand Financial Risk

9/11/2019
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Allison Schrager’s career as an economist and journalist seeking to understand financial risk has taken her from Nevada’s legal brothels and Kentucky stud farms to surfing conventions in Hawaii and the world of the New York paparazzi. On the latest episode of the ABA Banking Journal Podcast — sponsored by RIVIO Clearinghouse, the future of financial information interchange — the author of the recent book An Economist Walks into a Brothel and Other Unexpected Places to Understand Risk shares...

Duration:00:21:32

Avoiding the ‘Rhetoric of Sameness’ in Marketing

9/4/2019
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“We just never felt like we wanted to join that rhetoric of sameness,” Tim Marshall says of his marketing approach at Bank of Ann Arbor. On the season three premiere of the ABA Banking Journal Podcast — sponsored by Rivio, the future of financial information interchange — Marshall discusses Bank of Ann Arbor’s vision for the community bank customer experience and the bank’s unique approach to communicating with present and future customers. He also talks about Bank of Ann Arbor’s free summer...

Duration:00:16:54

The (Public) Bank in the Background

8/21/2019
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In 2019, a unique financial institution marks its centennial: the Bank of North Dakota, America's only state-owned and state-run bank. Part Federal Reserve, part economic development agency and part bankers’ bank, BND was spawned as a prairie populist reaction to a very different economic and social milieu. However, the latest episode of the ABA Banking Journal Podcast explores how BND's successes came when it decided to prioritize partnership with private-sector institutions, eschewing...

Duration:00:20:36

AI, Community Banks and the Compliance Jobs of the Future

8/14/2019
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Few experts are as deeply immersed in both financial regulation and advanced computing technologies than Gene Ludwig, the former comptroller of the currency who founded Promontory Financial Group, currently an IBM subsidiary that applies its regulatory expertise to training IBM’s Watson in banking rules. On the latest episode of the ABA Banking Journal Podcast, Ludwig talks about the current state of artificial intelligence in banking and the outlook for community banks and compliance...

Duration:00:15:53

One Bank’s Niche Serving Colorado Cannabis Customers

8/7/2019
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With seven in 10 Americans living in a jurisdiction where local laws permit recreational or medicinal marijuana use, banks are increasingly focused on providing banking services to cannabis-related businesses in a way that improves public safety, reduces tax evasion and supports local economic growth. On the latest episode of the ABA Banking Journal Podcast, Mark Haden talks about how Colorado National Bank developed a program to provide deposit services to cannabis-related customers in its...

Duration:00:06:27

The Girl Banker on Career Advancement and Life Lessons

7/31/2019
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Natalie Bartholomew is chief administrative officer at Grand Savings Bank in northwestern Arkansas, but she is probably better known for her popular blog “The Girl Banker,” which provides advice on career advancement and work-life balance for women in banking as well as spotlighting female leaders in financial services. On the latest episode of the ABA Banking Journal Podcast, Bartholomew shares her perspective on (among many other topics):

Duration:00:25:02

Church Lending (and Other Ways to Renew Urban Neighborhoods)

7/24/2019
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As urban areas across the country grow and change, community development financial institutions like Metro Bank in Louisville, Ky., are meeting the unique needs of these evolving neighborhoods. On the latest episode, Pedro Bryant—president and CEO of Metro Bank, Kentucky’s only bank designated as a CDFI—discusses:

Duration:00:17:07

Enterprise Risk Management in a Growing Midsize Bank

7/17/2019
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Midsize banks are at an inflection point: their ranks are growing as banking sector consolidation continues, and while these banks are ramping up their risk and compliance functions, they don’t need the same kinds of programs as the largest banks. “The evolution is about right-sizing and making it our own,” says Atul Malhotra, managing director of enterprise risk management at Fulton Financial in Lancaster, Pa., and chairman of ABA’s ERM/ORM peer group for midsize banks. On the latest...

Duration:00:21:07

How Diversity and Inclusion Create a Sense of Belonging

7/10/2019
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For Monica Sylvain, chief diversity officer at Louisiana-based IberiaBank, a focus on diversity, equity and inclusion (or DE&I, as it’s increasingly widely known) starts with building community. “It’s important to lead with the ‘I,’ or ‘inclusion,’” she says on the latest ABA Banking Journal Podcast, “having a sense of fairness, and [having]your employees feeling like they have a sense of belonging.” On the podcast, Sylvain discusses IberiaBank’s approach to DE&I, including:

Duration:00:18:23

Examining Credit Unions’ (Lack of) Mission Focus

7/1/2019
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On this bonus episode of the ABA Banking Journal Podcast, Karen Shaw Petrou of Federal Financial Analytics discusses her recent paper on whether credit unions are succeeding in their statutory mission to serve customers of “small means” — and what it means for the growing problem of economic inequality. Among other topics, she discusses:

Duration:00:21:31

A Record-Setting Expansion, but Growing Downside Risk

6/28/2019
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At the end of June, the U.S. economy will tie its longest period of postwar expansion—but risks to the downside are growing, according to ABA’s Economic Advisory Committee. What effects could trade conflicts, a global slowdown and falling business investment have on overall growth? EAC Chairman and Comerica Bank Chief Economist Robert Dye joins us for a brief conversation on the economic outlook for the remainder of 2019 and beyond.

Duration:00:11:56

How Voice Biometric Authentication Improves Bank CX

6/26/2019
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On the latest episode of the ABA Banking Journal Podcast, CEO Brad Paige talks about “the first security enhancement that we’ve done that actually improved the customer experience.” The enhancement: digital voice authentication. Paige’s bank, the $1.2 billion Kennebunk Savings Bank in Maine, was encountering suspected fraudulent calls in its call center multiple times per day. To make it easier to stop the fraud, the bank deployed voice authentication. By recording 30-45 seconds of audio,...

Duration:00:12:47

One Bank’s Nationwide Affordable Housing Strategy

6/19/2019
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As banks across the country mark American Housing Month in June, the ABA Banking Journal Podcast sat down with Michael Petrie, who leads the $4 billion Merchants Bancorp in Carmel, Ind.—one of the nation’s largest affordable housing lenders. With affordable homes accounting for 40% of the company’s originations through its bank and nonbank subsidiaries, Petrie discusses:

Duration:00:22:04

Bringing Real-Time Payments to Every Bank

6/12/2019
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The RTP network—the first new payment rail launched in the United States in four decades—is a bank-driven system for instant processing and settling of payments. Launched by the Clearing House and live since 2017, RTP is currently racing to connect as many U.S. depository institutions as possible. On the latest episode of the ABA Banking Journal Podcast, James Aramanda of the Clearing House and ABA President and CEO Rob Nichols discuss: commitment to serve all financial institutionswork...

Duration:00:17:49