Tennessee Bankers

This Week Newsletter

April 17, 2017 - Issue No. 1715

Senate Approves TBA Bill on Interest Rates

Thursday, April 13, the Senate approved TBA's legislation which raises the maximum permissible interest rate under the Credit Card State Bank Act from 21 to 30 percent. Sponsored by Senator Jim Tracy (R–Shelbyville), the bill passed by a vote of 22-6 with five members not voting. The House version of the bill sponsored by Rep. Patsy Hazlewood (R–Signal Mountain) will be voted on the House floor Monday, April 17. TBA's legislation on elder exploitation prevention will be heard on the House floor Thursday, April 20.

Congressman Kustoff Explains Dodd-Frank is Stifling the American Dream in a CNBC Column

Rep. David Kustoff (R-TN), who represents Tennessee's 8th District, wrote an op-ed for CNBC.com about the need to roll back Dodd-Frank. Kustoff explained the legislation has handcuffed community banks, regional banks, and other lenders who help people set up small businesses and follow their dreams. "The poorly-constructed, 2,000-page Dodd-Frank Act has ballooned to 25,000 pages of rules and regulations," Kustoff wrote. "It appears Washington forgot that real people rely on banks to access the capital they need to finance their businesses, educations, and homes." Click here to read the column.

Broadband Accessibility Act Approved by General Assembly

Last week the House joined the Senate by giving approval to the Tennessee Broadband Accessibility Act, Governor Haslam's legislation to increase broadband access to Tennessee's unserved citizens. The House voted 93-4, after unanimous approval in the Senate, and it is now ready for the governor's signature. According to the governor's office, Tennessee currently ranks 29th in the U.S. for broadband access, with 34 percent of rural Tennessee residents lacking access at recognized minimum standards. "More than 800,000 Tennesseans don't have access to broadband, and one in three businesses identified it as essential to selecting their location. Spurring deployment in our rural, unserved areas will open them up to economic investment and growth," Haslam said.

Another of the Governor's priority initiatives, the IMPROVE Act, is set to be debated in the House and Senate as early as Wednesday.

Associate Member Annual Cook-Out May 5

Friday, May 5, is the third annual Associate Member Appreciation Picnic held at TBA Barrett Training Center from 11:30 a.m. to 1:00 p.m. A favorite event among TBA staff, this event was created as a small showing of appreciation for our 200 associate member companies. The informal gathering allows TBA staff and associate member representatives to mingle over grilled hot dogs and burgers and learn how we can work together to serve the Tennessee banking industry. RSVP your plans to attend to Lacy York through email or call 615-244-4871. RSVPs are requested by Tuesday, May 2. 

Information Security Officer (ISO) Education Early Registration Deadline May 3

If your bank has not provided formal continuing education for your designated Information Security Officer (ISO), this will be an issue in your next IT examination. On May 17, TBA is offering a one-day, comprehensive and bank-specific program at the TBA Barrett Training Center that will equip your ISO with the knowledge and confidence necessary to take on this important responsibility. This session will appeal to Information Security Officers, chief risk officers, auditors, compliance officers, technology and operations management, chief financial officers, board members, and anyone else responsible for information security or cybersecurity preparedness. Representatives from Sawyers & Jacobs, LLC, in Collierville, Tenn., will share their expertise in this area so that compliance with these new regulations will not be an issue in your next IT exam. The early registration deadline of May 3 is quickly approaching, so we encourage you to register.

Register for The Southeastern School of Commercial Lending

The discount tuition deadline for The Southeastern School of Commercial Lending is April 24. This intermediate-level, one-week school exposes students to the major issues commercial lenders face today. Eleven different instructional modules address topics such as how businesses operate and the ways their financing needs arise, meeting the multiple financial needs of customers through effective relationship banking, and understanding the role of a company's management and how to analyze and evaluate management. Basic and advanced analytical techniques are covered, along with ways to apply these techniques in making decisions, structuring, and pricing loans through interactive case studies. The curriculum also addresses commercial real estate lending, how problem loans develop, and the appropriate techniques for managing them. The school ends with an overview of key elements of a bank's credit process.The Southeastern School of Commercial Lending takes place May 21-26 at the TBA Barrett Training Center. Register today—space is limited.

Welcome New Associate Member

TBA welcomes new associate member Built Technologies in the category of software/computers. Built Technologies provides simple, safe and secure collaboration and administration software to construction lenders to reduce construction portfolio risk, maximize efficiency, attract the best borrowers and simplify compliance. Please thank this company for their support of the Tennessee banking industry through membership and learn more about all of TBA's associate members in our online directory.

TBA On the Road

  • The Women in Banking Conference planning committee meets in Nashville to prepare for the 2017 conference.
  • The TBA Washington Conference preliminary call is held on Thursday afternoon.

See where TBA goes while "on the road" by following @TNBankers.