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Next week, the WBA and 14 bankers will be in Washington D.C. for our annual trip with the Oregon and Idaho Bankers Associations. The ABA is expecting a vote in the House on the SAFE Banking Act, which could happen during our visit. We look forward to discussing this topic and others with members of Washington’s Congressional delegation. The WBA, along with many other state banking associations, joined in the following letter urging lawmakers support for the Act.
In December, we will host our annual BankPAC silent auction as part of the. The auction benefits our BankPAC, which helps us support candidates and lawmakers who understand and advocate for our industry.
We rely on the generous donations from WBA bank members for the auction items. If you are interested in donating an item, experiences such as theater tickets, sports packages, spa days, etc. are items of particular interest. If you would like to learn more, please contact Megan Managan at.
ABA, Advocacy Groups Call for Changes to QM Framework Ahead of ‘GSE Patch’ Expiration: The ABA along with several over financial industry stakeholders in early September to make changes to the qualified mortgage status framework ahead of the GSE patch elimination in 2021.
ABA Calls for ‘Full, Indefinite’ Delay of CECL for All Banks: The ABA last week asked the for all companies, regardless of size, saying it will help FASB and constituents be on the same page relating to implementation.
Sen. Crapo To Move Cannabis Banking Bill: In early September, Senate Banking Chair Mike Crapo (R-ID) on a bill to help financial institutions serve marijuana-related businesses in states where it is legal. A similar bill is expected to be voted on in the House this month.
Members in the Community
Finally, a chance for us to shine a spotlight on the many contributions our members are making in their community:
We are now accepting registrations for our fall programs, including theThese programs are purposely kept small to maximize students’ time with instructors, so make sure to register early.
Registration is also open for the fall 2019 conferences, including the, and the . Registration is also open for the 2020 , .
Today in History: In 1519 Portuguese explorer Ferdinand Magellan leaves on what becomes the 1st successful circumnavigation of the globe.
As always, if we can be of any assistance, please do not hesitate to reach out.