On March 10, the FDIC closed Silicon Valley Bank (SVB) – the 16th
largest bank in the country at $211.8 billion in assets. On March
12, Signature Bank, New York, New York, was closed by its
state chartering authority. These closures mark the
second and third largest bank failure since Washington Mutual in
In recent years, fraud and theft have exploded in older types of
payments, like bank wire transfers and Electronic Benefits
Transfer (EBT) cards, as well as new payment types like
person-to-person payments (Zelle, Paypal, Venmo, etc.). These
instant P2P payments are an increasingly popular platform for
scammers seeking to take advantage of consumers, yet check fraud
remains a focus of bank risk professionals. On this page,
VBA members will find payments fraud resources.
International Women’s Day is a global holiday celebrated annually
on March 8th to commemorate the cultural, political and
socioeconomic achievements of women.
This year, the VBA, in partnership with the VBA Executive Women
in Banking Peer Group, is excited to offer a fireside chat
with Nicole Elam, president & CEO of the National Bankers
Association (NBA), the premier trade association and voice for
the nation’s minority financial institutions.
During this conversation, our panelists discuss how their banks are recognizing Black History Month, impactful changes they’ve seen as a result of their banks’ focus on DEI initiatives, how their banks are ensuring that DEI initiatives remain an ongoing priority, and more. This event is presented in partnership with the VBA DEI Council.
This session, presented by Atlantic Union Bank’s Cary Ayers, broke down the technology behind cryptocurrencies, reviewed types of cryptocurrencies and their respective use cases, and discussed how cryptocurrencies may impact the banking industry in the years to come.
On this page, you will find the Zoom recording and resources from our call with Laura Windsor, partner at Williams Mullen. Her bio can be found here. On this highly informative call, Laura presented an update on the OSHA ETS and its requirements, regulations and frequently asked questions. She addressed specifically the implementation of weekly testing and all of its challenges.
In recognition of National Family Caregivers Month in November,
Virginia bankers are helping financial caregivers better
understand and execute their roles. On this page, you’ll find
resources to use throughout the month.
On this page, you will find the Zoom recording and resources from our call with Andrew Henson of Troutman Pepper’s Richmond office. Andrew is in the Labor and Employment Group within Troutman’s Specialized Litigation Department, and his bio can be found here. Andrew presented on President Biden’s Executive Order 14042 on Ensuring Adequate Safety Protocols for Federal Contractors and the Occupational Safety and Health Administration’s (OSHA) emergency temporary standard (ETS) requiring private employers with 100 or more employees to mandate COVID-19 vaccinations or weekly testing for their unvaccinated employees. He also discussed religious and medical exemptions to those mandates.
Bankers, below are several sample resources for your bank’s use
in educating customers about the troublesome proposal that, if
enacted, would require banks to report to the IRS detailed
information on the inflows and outflows of every customer account
On this page, you will find the Zoom recording and resources from our call with Paul Benda, American Bankers Association SVP for Operational Risk and Cybersecurity, who discussed COVID updates, and in particular, how employers are responding with regard to mandating the vaccine. Additionally, Courtney Malveaux, Jackson Lewis P.C. Attorney at Law, joined us to discuss the Virginia DOLI regulations, the proposed regulation and what employers should be doing to comply.
Throughout the month of April, organizations across the country
conduct a variety of events and carry out initiatives designed to
improve financial literacy, especially among our nation’s youth,
and to promote financial well-being for all consumers.