This August, TBA Chairman Lee Moss, Franklin Synergy Bank, Franklin/Murfreesboro, joined Tennessee Bankers Association staff traveling across the state for seven Membership Meetings. Nearly 500 TBA members and associate members were in attendance to learn about Association initiatives in the areas of government relations, easing of regulatory burden, and more.
The luncheons began with Moss welcoming attendees and thanking them for their tremendous engagement with the Association. Stacey Langford, senior vice president of membership, highlighted TBA’s newest partner, Evolve Valuation Compliance Services for in-house, regulatory compliance evaluations. Langford discussed the value TBA’s Endorsed Partners provide in support of TBA's membership and advocacy efforts.
Amy Heaslet, senior vice president/general counsel, addressed TBA’s most recent government relations success at the state legislature, passage of the Elderly and Vulnerable Adult Financial Exploitation Prevention Act. The Act, which went into effect July 1, 2017, provides bankers with new tools for protecting their elderly customers from scams. The tools include the ability to hold or delay a transaction and refuse to accept an authorized power of attorney.
Heaslet also discussed the 2018 elections and how high turnover in the State House, State Senate, and in Tennessee’s Congressional Delegation will bring a new era of Tennessee politics, making banker involvement in TBA government relations more important than ever.
TBA president and CEO Colin Barrett closed the meetings discussing how the Association is adapting to the changing landscape of the industry and focusing on talent development. Barrett highlighted the TBA’s efforts working hand in hand with deans of banking from universities across the state to develop an internship network matching banks with the high-quality banking and finance students being produced by Tennessee’s universities.
Barrett also provided members with a Washington outlook expressing expectations for passage of both regulatory and tax reform legislation, along with optimism for regulatory relief resulting from leadership transitions at the federal regulatory agencies.