If this page doesn't display properly in your email, click here. December 2, 2015
New Jersey Bankers Association
Legislative Update
Applications Bulletin
Regulatory Bulletin
Buy-Sell Loans/Participations
Web Seminars
ABA Urges Bankers to Sign Reg Relief Petition and Call and Tweet Senators for #RegRelief Action

The ABA is urging all bankers to sign its petition for regulatory relief for America’s hometown banks. With just days remaining before a government spending bill is due, signing the petition is the banking industry’s best chance for attaching reg relief provisions. Click here to sign the petition now. Learn more at aba.com/RegRelief.

Negotiations are also going on this week over including financial regulatory relief provisions in the government spending bill due next week, and ABA is urgently calling on bankers to call and tweet their senators to build support for the industry’s reg relief priorities. Attaching the ABA-backed measures to the spending bill, due by Dec. 11, is considered the best chance for getting reg relief passed this year.  Access the Senate phone directory. Tweet to your senators now.

We recognize that not all NJBankers members are ABA members. Some are ABA members, some are ICBA members and some belong to both. We believe this effort is in the best interests of all of our members and this provides an expedient process for banks to be heard before December 11 and urge you, your directors and your employees to participate. Thank you for your support.

Industry News

Compliance Briefings Look to Year Ahead
To help compliance officers get a head start on preparing for the new year, ABA is offering two compliance-related briefings in December. On Dec. 10, a banker-led briefing will focus on developing an effective first line of defense for compliance risk management. On Dec. 15, ABA’s compliance experts will discuss managing 2016 compliance priorities, including anti-money laundering, HMDA, fair lending, military lending, UDAAP, flood insurance and more. Learn more and register now.

CFPB Clarifies Requirements for EFT Preauthorization
The Consumer Financial Protection Bureau yesterday issued a bulletin clarifying the obligations of entities obtaining customer authorization for preauthorized electronic funds transfers. To be compliant, all EFTs must be authorized by the customer in writing -- in either paper or electronic form, as specified by the E-Sign Act -- and the customer must be provided with a copy of the authorization terms that includes the timing and amount of the recurring transfers.

Fed Issues Final Rule on Emergency Lending
The Federal Reserve Board yesterday issued a final rule, as required by the Dodd-Frank Act, specifying procedures and requirements for emergency lending under the Federal Reserve Act. The rule clarifies the definition of “broad-based eligibility” for programs and facilities providing emergency loans, and expands the definition of “insolvency” to include borrowers who fail to pay undisputed debts in the 90 days prior to borrowing.

Sheriff Sale Taking too Long – Try This
In virtually all foreclosure cases, the real property at issue is sold by a sheriff after a foreclosure judgment is entered and a writ of execution issued. There is, however, a little known, and more rarely used, alternative that may be available to effectuate a sale of particularly vulnerable properties prior to entry of a final foreclosure judgment, pendente lite, in other words, while the foreclosure litigation is pending.

 *click on headline for details

Member News

Atlantic Stewardship Bank Launches New Apple Watch App
Atlantic Stewardship Bank (ASB) announced that they have officially expanded further into the Apple experience with the launch of their new ASB Apple Watch App. 

Federal Home Loan Bank of New York Declares a 4.10% Dividend for the Third Quarter of 2015

The Federal Home Loan Bank of New York announced that, on November 19, 2015, FHLBNY's Board of Directors approved a dividend for the third quarter of 2015 of 4.10% (annualized). The dollar amount of the dividend will be approximately $54.5 million. The cash dividend will be distributed on November 20, 2015.

Associate Member News

e2Value Overview of Pronto® Valuation Tool Webinar
To better understand why this is important and how easy the tool is to use, please join e2Value for an exclusive, free webinar for Bankers Association members. During this webinar, e2Value will demonstrate the tool, discuss the low-cost pricing available to NJBankers member banks and give a detailed explanation of why this is a best practice for financial institutions. Register today for the webinar overview and demonstration of e2Value’s Pronto® Valuation Tool. Please register for the date and time that works best for you by clicking on one of the following links Tuesday, December 15 or Thursday, December 17. After registering, you will receive a confirmation email containing information about joining the webinar.

New Toolkit Helps Banks Streamline ERM Complexity

Crowe Horwath LLP offers Crowe ERM Simplified for banks with assets under $5 billion. Many smaller financial institutions struggle with how to apply enterprise risk management (ERM) principles consistently and effectively. To help banks with assets under $5 billion handle this challenge, Crowe Horwath LLP, one of the largest public accounting, consulting and technology firms in the U.S., developed a new toolkit, Crowe ERM Simplified. 

Economic Leadership Forum

Friday, January 15, 2016
The Palace at Somerset Park, Somerset, NJ

For the fifth year in a row, the Economic Leadership Forum will be an opportunity to hear from key thinkers on the issues that shape our great Garden State. Our impressive roster of speakers will provide an in-depth view of New Jersey’s current and future business issues. Read More

112th Annual Conference - Scottsdale, AZ - Room Block Open

NJBankers is proud to announce that the room block at The Phoenician is now open and actively taking registrations.

CONFERENCE DATES:  May 11 – 15, 2016

Schedule:  May 11 – Registration opens at 3:00p.m.; Reception 5:30 p.m.; May 15 is the departure date. Read More




Advanced IRA w/PMC
December 9-10, 2015

Advanced IRA w/PMC
February 24-25, 2016

Directors & Managing Officers
March 4, 2016

Advanced IRA w/PMC
March 8-9, 2016

ABA Government Relations Summit
March 15-16, 2016

28th Annual Annamae Baerenbach Memorial Lending Conference
March 25, 2016

6th Annual Women In Banking Conference
April 6, 2016

New Jersey Leadership Cyber Summit
April 11, 2016

9th Annual Charity Golf Outing w/NJCPA’s
April 25, 2016

112th Annual Conference
May 11-15, 2016

Bank Security Seminar
May 25, 2016

Annual Marketing Conference
June 9, 2016

Internet Profiling and Intelligence Gathering
June 16 & 17, 2016

Compliance University
June 22-24, 2016

Annual Summer Golf Outing and Networking Reception
August 8, 2016

Bank Secrecy Act Seminar 101
October 13, 2016

Advanced Bank Secrecy Act Seminar
October 14, 2016

Annual Human Resources Conference
October 20-21, 2016

Annual Senior Management Conference
November 1-3, 2016

113th Annual Conference
May 17-21, 2017

114th Annual Conference
May 1-5, 2018

115th Annual Conference
May 17-21, 2019

Sponsorship, Exhibiting
& Advertising Opportunities
- Click Here!

Other Industry Meetings
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Mark Your Calendar
View Upcoming Events
Upcoming NJBankers Conferences - Don't Miss Out on Opportunities for Professional Development!

Joint Mortgage Lending Conference – Friday, December 11, 2015
The New Jersey Bankers Association and the Mortgage Bankers Association of New Jersey have joined together once again to present the this one-day event.   Attend and keep current and learn the latest information about mortgage trends.

*click on headline for details

CFO Studio Seeking Nominations for 2016 CFO Innovation Awards

CFO Studio is an organization that provides networking, education and other services to CFOs and senior finance executives across all industries.  They are currently seeking nominations for the 2016 CFO Innovation Awards. Read More

New Jersey Bank Marketing Association Presents Forecast 2016

Thursday, December 3, 2015 - 8:30 a.m. - 11:30 a.m.
Holiday Inn Express, Clark

Traditionally, NJBMA's Forecast Meeting draws the largest audience and this one will be no exception. In fact, it promises to be one of the best with three outstanding professionals from the banking and services industries presenting their personal economic outlooks for the coming year. All three have been recognized by their peers for leadership and outstanding achievements in strategic planning and operational expertise. Don’t miss this one, Register today! Read More

Individual Seeks Employment

BSA Analyst - BSA and Mortgage Fraud professional with five years of bank experience including managing and supervising of staff and job functions; knowledge in BSA/AML, Office of Foreign Assets Control (OFAC), and Customer Identification Program (CIP) and all related rules and regulations. Perform suspicious activity monitoring and reporting including the completion and review of Suspicious Activity Reports (SAR's). Perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).  I am an active member of the Association of Certified Anti-Money Laundering Specialists (ACAMS) and currently pursuing a CAMS designation.

Please contact Erin Suckiel (908-272-8500, ext. 629; esuckiel@njbankers.com) for a copy of the resume.

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