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New Jersey Bankers Association
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NJBankers News

NJBankers Joins State Associations Call on Senators to Support TAILOR Act
NJBankers was one of 52 state associations that wrote to senators urging them to co-sponsor the TAILOR Act, which would direct financial regulators to tailor regulatory actions based on the sizes, business models, risk profiles and other differentiating characteristics of the institutions they supervise.

John McWeeney Presents Awards at NJBIA 56th Annual New Good Neighbor award Reception
At this reception, awards were presented to New Jersey companies which have recently built outstanding commercial, industrial, or greenspace facilities, improving the economy as well as the landscape of New Jersey. NJBankers congratulates all who were recognized!

Charity Golf Tournament to be Held in Mike Gormley's Memory

As you may be aware, Mike Gormley who was the chief operations officer and chief financial officer at Harmony Bank was the victim of a tragic automobile accident while traveling to work recently. In light of his tragic passing, The Rotary Club of Jackson will be holding their golf tournament on August 15th at the Westlake Golf & Country Club, Jackson, N.J. in Mike’s honor. The Club has also established a scholarship for which they are soliciting funds in an ongoing effort to present to a Jackson Township high school senior annually in Mike’s name. To register for the golf tournament, please click here - To donate to the scholarship fund in Mike’s name, please click here.

Industry News

Boston Fed: Target Breach Triggered No Change in Debit Card Use
Following the Target data breach of 40 million credit and debit card accounts in late 2013, there was little to no change in the use of credit and debit cards, according to researchers at the Federal Reserve Bank of Boston. However, the breach coincided with a big hit in perceptions of card safety.

CFPB Publishes Resources for HMDA Filers

The Consumer Financial Protection Bureau has updated its website to include resources for financial institutions required to file Home Mortgage Disclosure Act data.

CFPB Updates TRID Resources
The CFPB has resources to help industry participants understand, implement, and comply with the Know Before You Owe mortgage disclosure rules.

CFPB Proposes Amendments to TRID Rule
The Consumer Financial Protection Bureau has proposed changes to the TILA-RESPA integrated disclosures. Among the items included in the 293-page proposal are tolerance provisions for the disclosed total of payments, making the treatment consistent with pre-TRID practices and paralleling the TRID tolerances for disclosures of finance charges

FDIC Amends Exam Appeals Process
The FDIC board has voted to propose amendments to its supervisory guidelines that would expand banks’ rights to appeal exam decisions and improve consistency with other agencies’ appeals processes.

FDIC Issues Draft Guidance on Third-Party Lending
The FDIC board voted to issue examination guidance for third-party lending. The term encompasses any involvement of a third party in any part of the lending process, including marketing, underwriting, pricing, servicing, disclosures, compliance, collection and other areas -- whether the FDIC-insured institution originates a loan on behalf of a third party, uses a third party’s platform or originates a loan through or jointly with a third party. 

Fed Survey: Tighter Credit Environment Dings Auto Loan Market
Bankers continued tightening credit for business loans in the last three months while they continued to ease credit standards slightly in their home mortgage and consumer loan portfolios, according to the Federal Reserve’s latest senior loan officer survey.

Uncleared Swap Margin Exemptions Finalized for Small Banks
The federal banking agencies are issuing a final rule affirming that swaps and security-based swaps that are not cleared through a central counterparty and are entered into for hedging purposes by banks with less than $10 billion in assets and commercial end users are not subject to requirements to exchange initial margin and variation margin with prudentially-regulated swap dealers and major swap participants.

*click on headline for details

Endorsed Service Provider News

CRA Partners Present 2016 CRA Compliance Conference
Don't miss this year's CRA Partners Bankers Conference, powered by the Senior Housing Crime Prevention Foundation, on October 6-7, 2016 at the Opryland Hotel and Resort in Nashville, TN. Current bank partners network with prospective partners to discuss strategies for earning guaranteed CRA credit while transforming and protecting the lives of nursing home residents through the Senior Crimestoppers program. Gain insights on updated requirements and learn best practices for your next CRA exam and learn how to leverage your sponsorship of a residential facility into positive public relations.

*click on headline for details 




Enterprise Risk Management Conference
September 27, 2016

Bank Secrecy Act Seminar 101
October 13, 2016

Bank Secrecy Act Seminar Advanced
October 14, 2016

Advanced IRA w/PMC
October 19-20, 2016

Annual Human Resources Conference
October 20-21, 2016

Annual Senior Management Conference
November 1-3, 2016

NJBankers Leadership Academy
See njbankers.com for details.

Directors College with FDIC
September 15, 2016

Emerging Leaders Curriculum

Classes Begin Sept. 28, 2016

Sponsorship, Exhibiting
 & Advertising Opportunities
- Click Here!

Other Industry Meetings
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Associate Member News

COCC Chosen by Maple City Savings Bank for Integrated Core Processing Solution
Maple City Savings Bank, FSB of Hornell, New York has selected COCC’s core processing services for its tight integration, strong online banking solution and family-oriented culture.

NeighborWorks America selects Marie Mascherin of New Jersey Community Capital for NeighborWorks Achieving Excellence Program, in collaboration with Harvard University
New Jersey Community Capital (NJCC) announced that Marie C. Mascherin, Chief Lending Officer at NJCC, is one of 50 leaders in the country selected for the NeighborWorks Achieving Excellence Program, conducted at the John F. Kennedy School of Government at Harvard University. The NeighborWorks Achieving Excellence Program, made possible in part by support from the JPMorgan Chase Foundation, is an 18-month fellowship that equips top executives with the skills to advance their organization's performance.

XpertSavers Offers The Virtual Branch
XpertSavers is a new company and an alternative channel for banks and credit unions to gather deposits. Its team is led by a group of banking experts with a long and successful track record of building internet deposit businesses, while meeting the rigorous regulatory and security demands of the financial industry. Its partners include Xaxis, the world’s top provider of programmatic marketing and MeridianLink, a leading on-line application service provider for financial institutions.

*click on headline for details

Directors College with FDIC

Directors College with FDIC
Thursday, September 15, 2016
Hotel Woodbridge at Metropark, Iselin, NJ
A bank’s board of directors serves a critical role in the successful, healthy operation of the bank. A board’s responsibility includes staying abreast of any bank issues, regulatory requirements and establishing a corporate culture that prevents the circumvention of safe and sound policies and procedures. An engaged, attentive board must adopt effective corporate governance practices. The NJBankers Leadership Academy is designed to provide key insights on corporate governance and shape sound strategic decision.

Engage your board members now so they can fulfill their duties in a prudent manner!   Read More

Enterprise Risk Management Conference

Tuesday, September 27, 2016
Hotel Woodbridge at Metropark, Iselin
A successful ERM process can help an organization meet many challenges by providing a framework for managers to explicitly consider how risk exposures are changing, determine the amount of risk they are willing to accept, and ensure they have the appropriate risk mitigants and controls in place to limit risk to targeted levels. Read More

Upcoming NJBankers Conferences - Don't Miss Out on Opportunities for Professional Development!

Annual Summer Golf Outing and Networking Reception - Monday, August 8, 2016
Fiddler's Elbow Country Club, Bedminster, NJ - Register Today!
Join NJBankers for a great day of networking and a great day of golf.  Two course exclusivity for NJBankers tournament means less play time and more face time on our host course, Fiddler's Elbow in Bedminster, NJ!  Thanks to Unity Bank for being our course host and thanks to our event sponsor Wolf & Company, P.C.

Reinventing Our Communities: Transforming Our Economies - Register Today!

Reinventing Our Communities is a national biennial conference series hosted by the Federal Reserve Bank of Philadelphia and cosponsors. Register today for the seventh conference is this series, Reinventing Our Communities: Transforming Our Economies, to be held September 21-23, 2016 at the Hilton Philadelphia at Penn’s Landing. The 2016 conference will highlight strategies to create places of opportunity, develop the local workforce for a global marketplace, and provide wealth and opportunity inclusively to all segments of the population.

Read More

2016 Delaware Trust Conference - Register Today!

October 25th & 26th
Chase Center on the Riverfront
815 Justison Street, Wilmington, DE 19801
The Delaware Bankers Association and the Delaware Financial Education Alliance Present the 11th Annual Delaware Trust Conference. NJBankers is once again proud to promote and support the Delaware Bankers Trust Conference.  NJBankers members will be granted the Delaware Bankers membership pricing as a courtesy. Register Today!

Join FMS For Their 2016 Chapter Golf Outing

North Jersey Country Club, Wayne  NJ
Monday, August 15, 2016
A challenging 18 holes of golf on the prestigious and scenic North Jersey Country Club course. Warm up on the driving range before heading out for the shotgun start. Relax at the cocktail hour and enjoy a full course dinner. Read More

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