{"id":1060,"date":"2017-10-31T19:42:40","date_gmt":"2017-10-31T19:42:40","guid":{"rendered":"https:\/\/albanknews.com\/?p=1060"},"modified":"2017-11-01T13:54:53","modified_gmt":"2017-11-01T13:54:53","slug":"making-things-happen","status":"publish","type":"post","link":"https:\/\/albanknews.com\/?p=1060","title":{"rendered":"Making Things Happen"},"content":{"rendered":"

By Rob Nichols, American Bankers Association President & CEO <\/em><\/p>\n

You\u2019ve heard the saying that there are three kinds of people in the world: people who make things happen, people who watch things happen and people who wonder what happened. In my experience, the women and men who lead America\u2019s banks fall decidedly into the first camp.<\/p>\n

It could be because you lead the institutions that serve as the engine of America\u2019s economy \u2014 and together, you comprise one of the most important industries in our nation. It could also be because most of the bankers I meet and talk to in my travels are deeply engaged in industry affairs. They are at their state association\u2019s convention, serving on its board or on one of ABA\u2019s many councils, working groups or committees. They are tending not only to what their employees, customers and communities need, but also to what the industry, economy and country need to thrive.<\/p>\n

This extra service makes a big difference. When bankers engage in their association\u2019s affairs or in advocacy, a host of good things happen. Some examples:<\/p>\n

It was a member of ABA\u2019s \u201cofficial family,\u201d for instance, who suggested ABA fly down to Houston and Naples following Hurricanes Harvey and Irma and capture on video \u2014 for all to see \u2014 how banks and bank employees were responding to the local disasters. The result of that suggestion is a video \u2014 which you can view at aba.com\/HurricaneResponse<\/strong><\/a> \u2014 that showcases how bankers lead their communities in difficult times.<\/p>\n

We\u2019ve been promoting this video widely and encouraging bankers to do the same because it tells such an important and positive story about our industry. I\u2019m grateful to Bob Jones<\/strong> (United Bank<\/strong>, Atmore, Ala.), who serves on the ABA Foundation board and also chairs the Fund for Economic Growth, for suggesting this.<\/p>\n

Bankers serving on ABA\u2019s Community Bankers Council, along with senior loan officers and others at member banks, made a big difference when they provided us essential feedback during the Consumer Financial Protection Bureau\u2019s rulemaking on small-dollar loans. Their comments, which we relayed in letters and meetings with bureau officials, resulted in a critically important exemption for banks from the CFPB\u2019s final rule requiring short-term, small-dollar loans to meet an ability-to-repay test.<\/p>\n

Banker involvement was also the key to scoring improvements last year to the Call Report for smaller banks. We are seeking to replicate that success as the agencies undertake a review of their safety and soundness exams. That\u2019s why ABA invited regulators to listen in on two banker conference calls we hosted on the topic \u2014 so that regulators could hear bankers\u2019 perspectives early on in their review process.<\/p>\n

And of course, bankers\u2019 engagement on the CFPB\u2019s arbitration rulemaking not only helped shape ABA\u2019s policy position on the issue, it ultimately helped persuade Congress to overturn the rule, securing a critical win for bank customers who would have lost access to a resolution option that was faster, more economical and more beneficial to consumers than class action litigation.<\/p>\n

The truth is, we rely on bankers to inform and guide everything we do, from our comment letters on regulatory proposals and advocacy communications, to conference content and online training. That is the only way associations can succeed.<\/p>\n

So my appeal to you is this: Help us help you. We are fortunate to have many engaged bankers, but we need more. We especially want to make sure tomorrow\u2019s bank leaders are engaging today.<\/p>\n

ABA Chairman Ken Burgess<\/strong> told the crowd at our annual convention that he learned the importance of actively participating in association and industry affairs early on from his dad, who was involved with both the Texas Bankers Association and Independent Bankers Association of Texas, as well as ABA. It\u2019s a legacy he is passing on to his staff, and I hope our other banker volunteers will do the same.<\/p>\n

Odds are that whatever position you hold in your bank, you possess expertise that your state association and ABA are eager to tap. Look for opportunities to join a working group or serve on a committee (see some opportunities at aba.com\/Committees<\/strong><\/a>). Respond to surveys asking your views on an issue or business practice. Tell us what your bank needs help with to succeed.<\/p>\n

Guide us, use us. That\u2019s why we are here. And it\u2019s how, together, we make good things happen.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Rob Nichols, American Bankers Association President & CEO You\u2019ve heard the saying that there are three kinds of people in the world: people who make things happen, people who watch things happen and people who wonder what happened. In my experience, the women and men who lead America\u2019s banks fall decidedly into the first camp. It could be because you lead the institutions that serve as the engine of America\u2019s economy \u2014 and together, you comprise one of the most important industries in our nation. It could also be because most of the bankers I meet and talk to […]<\/p>\n","protected":false},"author":1,"featured_media":509,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19,25],"tags":[],"class_list":["post-1060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-industry-reports","has_thumb"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/albanknews.com\/wp-content\/uploads\/2014\/12\/bigstock-Washington-DC-US-Capitol-Buil-45340312.jpg?fit=900%2C596&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p4Y3P2-h6","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/posts\/1060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1060"}],"version-history":[{"count":3,"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/posts\/1060\/revisions"}],"predecessor-version":[{"id":1063,"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/posts\/1060\/revisions\/1063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=\/wp\/v2\/media\/509"}],"wp:attachment":[{"href":"https:\/\/albanknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/albanknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}