Pub. 5 2016 Issue 5

July 2016 9 l e a d i n g a d v o c a t e f o r t h e b a n k i n g i n d u s t r y i n k a n s a s that there are five lawsuits pending. Ballentine wrapped up his presentation with discussion on the Department of Labor’s overtime rule. There are two bills pending that would appeal or adjust this ruling with Republican support only. The ABA visit included reports from key ABA staff over the equal tax treatment involving credit unions and Farm Credit. Steve Apodaca, SVP, Agriculture & Rural Banking, reported on the hearings held by the House and Senate Agricultural Committees that have been held on Capitol Hill regarding the Farm Credit System. He also discussed the mechanics of the System and what it would look like with a level playing field. Apodaca also reported on the nationwide shortage of agriculture and commercial loan appraisers, indicating that the changes in qualifications needed may not be acquired through legislation but rather through one of the oversight committees for the appraisal industry. Doug Johnson, SVP/Sr. Advisor Risk Management, provided an update on data breach and data security. Bob Davis, EVP, Mortgage Markets, Financial Management, & Public Policy, discussed housing reform and the possibility of the CFPB reopening rulemaking for TRID to address the conflicts. Some of the considerations are also to have written FAQ’s to provide a formal digest rather than guidance through webinars only. He also provided an update on CECL and a movement to have small loans exempt from QM rules. In a later discussion among the Federal Affairs Committee members, it was noted that there was concern that some Kansas banks have encountered a request to disclose Planning a visit to see Congresswoman Lynn Jenkins are left to right – KBA -EVP Government Relations Doug Wareham; KBA Treasurer Jim Hoskins, Baxter State Bank, Baxter Springs; Kent Needham, First Security Bank, Overbrook; and Ted Starr, Citizens State Bank & Trust, Hiawatha. Mark Schifferdecker, Girard National Bank, Girard; and Barney Horton, Farmers Bank & Trust, Atwood, enjoy a good story while waiting for the OCC briefing. Gary Yager, VisionBank, Topeka and Dave Shepherd, The Mission Bank, Mission, discuss issues as they wait for the FDIC briefing. Pictured left to right are Alex Williams, The Halstead Bank, Halstead; Leonard Wolfe, United Bank & Trust, Marysville; and Kyle Campbell, Astra Bank, Abilene. The CFPB was represented by April Breslaw, Jennifer Stockett, and Derek Standarowski, in the lunch briefing at the ABA. Continued on page 10