ABA Banking Journal - April 2013 - (Page 40)

AMERICAN BANKERS ASSOCIATION At Your Service ComplianCe Updated: aBa’s Quick Reference Guide to Banking Regulations ABA’s updated 10th edition of the popular Quick Reference Guide to Banking Regulations offers bankers a clear path to compliance, with one-page, jargon-free descriptions of major banking laws and regulations, in accurate and easy-to-understand terms. The guide covers more than 30 laws and regulations—from B to Z—while incorporating all the legal and regulatory changes through August 2012, including the elimination of Regulation AA and a comprehensive overview of the new UDAAP. The updated guide also addresses the new “abusive” standard under the Consumer Financial Protection Bureau’s Title X. The overviews of each major banking law and regulation include a glossary of relevant compliance terms. To order your copy, go to aba.com/products. n in the know with Keith Leggett ABA VP, Senior economist ABABJ: how has the fiscal policy debate shaped the credit union taxation issue? Keith Leggett: The federal government needs additional revenue to address our budgetary imbalances. That makes it an ideal time to educate policymakers about the industry’s outdated tax exemption. Some lawmakers have called for abolishing corporate tax expenditures, which we would argue should include the credit union tax exemption. Credit unions recognize that their tax exemption is in peril and have made preserving it the industry’s No. 1 priority. ABABJ: how does that affect another credit union priority: expanded business lending? KL: For the first time in years, credit unions must play defense. This is creating some fissures within the credit union industry. Small, traditional credit unions view the push for more powers as putting their tax exemption at risk. Also, some within the credit union industry are willing to trade-off their tax exemption for greater powers, such as expanded business-lending authority and access to secondary capital. Questions? Send an email to Keith at kleggett@aba.com. insUranCe new aBia Blog launched ABA’s American Bankers Insurance Association (ABIA) subsidiary has launched a new online blog for banks that sell insurance at bankinsuranceconnection.aba.com. The blog offers timely updates on legislative, regulatory, and compliance issues, as well as information on managing an insurance business within a bank. The information includes summaries of recent ABIA best-practices panels, survey and research data, and details about upcoming telephone briefings and bank-insurance industry events. n CyBerseCUrity stay Up-to-the-minute on Cybersecurity Bankers can stay current on cybersecurity issues through ABA’s cybersecurity web resources, which are available at aba.com/Solutions/Fraud. Bank Risk News, one of ABA’s free email bulletins, also provides updates on such issues. To subscribe to any or all of ABA’s email bulletins, go to aba.com/Members/Ebulletins. n Farm Banks exhibit solid Farm-lending Growth $ Billions Farm Production Loans $80 $60 $59.6 $63.9 ABA BANKING JOURNAL | april 2013 $68.0 $81.8 $71.8 $40 $20 $0 2008 2009 Source: FDIC, ABA 2012 Farm Bank Performance Report. 40 | Farmland Loans 2010 2011 2012 http://www.aba.com/products http://bankinsuranceconnection.aba.com http://www.aba.com/Solutions/Fraud http://www.aba.com/Members/Ebulletins

Table of Contents for the Digital Edition of ABA Banking Journal - April 2013

ABA Banking Journal - April 2013
Contents
Chairman’s View
Editor’s Column
The Economy
Bank Notes
Picture This
ABA COMMUNITY BANKING Negotiating better contracts
Pass the Aspirin
Tech Topics
COVER STORY: Focus on risk Regulators raise the bar—big time!
RAROC architect’s views on risk
Top-performing big banks
Compliance Inbox
ABA At Your Service
Legal Issues
First Person

ABA Banking Journal - April 2013

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