ABA Banking Journal

Founded in July of 1908, ABA Banking Journal online contains the complete text of ABA Banking Journal, a monthly magazine on commercial bank operation and management published by Simmons-Boardman Publishing Corp. Articles cover employee relations, recruiting and training. Subjects in the magazine also include installment, mortgage, commercial, and industrial lending as well as correspondent, foreign, and retail banking; deposit gathering; bank cards; asset and liability management; data processing and telecommunications; security; government relations; and legal and regulatory developments. The publication also provides a calendar of ABA-sponsored courses, seminars and workshops. William W. Streeter is the Editor-in-Chief and Robert DeMarco is the Group Publisher/Senior Vice President. Steve Cocheo is the Executive Editor and Andrea Rovira is the Editorial Assistant.

Articles from Vol. 106, No. 6, June

Affordable Housing Pioneer: Small Bank Adds Low-Income Housing Tax Credits to Its Financing Options
[ILLUSTRATION OMITTED] June has long been known as National Homeownership Month, but for many, the definition of home does not equate with ownership. In fact, "affordable" has become a much more important term for many Americans. In recognition...
Can You Hear Me Now? Class-Action and Other Lawsuits May Follow Calls or Texts to Customer Cell Phones
[ILLUSTRATION OMITTED] What handy gadgets our mobiles can be. In fact, we take phone numbers for granted, not much caring what the person on the other end is using so long as "Can you hear me now?" gets a "Yes." But consider the following statistics...
Culture as a Defense
You won't find the word "culture" in the cover story on "lines of defense." The article covers OCC's heightened regulatory focus on risk management and compliance and especially its three lines of defense: the front line, risk management, and internal...
Dream of Flight: Lifelong Wish for Wings Fulfilled in a Wrecked Vintage Plane
Airplanes fascinated Stephen Christy since childhood. He read everything he could about aviation. Pioneer Charles Lindbergh was one of young Christy's heroes. [ILLUSTRATION OMITTED] "I was always interested, but I never had any money to buy a...
Getting Back to Banking: Less Time Spent on IT Means More Time Spent with Customers
[ILLUSTRATION OMITTED] Worry list: virtualization and storage-area networks; wide-area network optimization; disaster recovery and business continuity; IP telephony phone systems; and ATM communications networks. None of that keeps Dee Schmidt...
Home Lending Changes: More Than Just a Hassle
Homeownership has always been a big part of the American dream. But for banks, the Dodd-Frank Act and new rules to implement it have made the home-loan business significantly more complicated for banks and our customers. Many banks feel compelled to...
Lending Time: Webster Bank's Mentoring Program Is an Investment in Its Community
[ILLUSTRATION OMITTED] "WE GIVE OF OURSELVES IN THE COMMUNITIES WE serve," is one of six core values that make up the "Webster Way" at $21 billion-assets Webster Bank, Waterbury, Conn. One way Webster is fulfilling that value is through its 12-year-old...
Lines of Defense Built on Good Common Sense
They say there are 43 quintillion ways to arrange a Rubik's Cube, the three-dimensional puzzle that turned 40 in May. So many variations--yet there is only one correct solution. Controlling risk in all its forms can seem a puzzle, too, but for bank...
Mortgage Pay Rules Don't Address Referral Adjustments
Q. We are considering changing our mortgage loan originator's compensation to reflect increased attention towards referrals to the deposit/retail side of the bank. Currently our originator's commission is based upon volume of loans closed each month....
Not Too Young, Not Too Old
While the current expansion is five years old, many feel the economy is still in recession because they have yet to see improvement in their own job and income prospects. The lack of improvement in the labor market is evident in a variety of measures,...
Online Products, E-SIGN, and "Demonstrable Consent"
Q. We open most deposit accounts in person. During opening, we demonstrate online banking, discuss electronic statements, introduce mobile apps, etc. If the customer wishes, we enroll them right there. However, if they would like to enroll in electronic...
Patent Trolls May Have Met Their Match: FTC Investigation Challenges Patent "Shakedowns"
For a time while growing up, I was regularly heckled by Louie the bully. Louie never stole my lunch money, but he liked to commandeer my Twinkies. My "friends" were not interested in forming a united front. His reign of terror ended when my cousin...
The Headache: Has Your Bank Found Ways to Cut Compliance Spending?
Computing the actual cost of compliance is challenging, but you don't need exactitude to know that the expense keeps going up. Bankers shared solutions. Send yours to Steve Cocheo, executive editor and digital content manager, scocheo@sbpub.com ...
Top Performing Community Banks
[ILLUSTRATION OMITTED] In a tough year overall for smaller banks, top performers stood out with noninterest income and loan growth--mainly CRE and ag loans The 2013 financial performance of community banks differed from that of large and midsize...