July 6, 2023

MBA Launches Free Service on Vendor Referrals
Banks could win $500 in MBA education credits for adding referrals

MBA had launched a new free service — vendorpro — for its member banks that provides a list of vendors used by other member banks. Created by MBA, vendorpro is a website that creates a pipeline for peer-to-peer vendor referrals online.

“The vendorpro site allows MBA members to add referrals and identify contacts from other banks who work with a vendor,” said MBA Vice President Rachael Preston. “The process is fast and easy, and it’s exclusive to MBA member banks.”

At vendorpro, bankers can look for vendors by name, category or keyword. Adding a referral takes seconds. Bankers list vendors that they have used (both current and past) and what the vendor did at the bank. No comments are needed about a vendor.

“The site creates an easy way for fellow bankers to connect and share insights about their vendor experiences,” Preston said.

To celebrate vendorpro’s launch, MBA is giving away three $500 education credits. For banks entering 10 referrals on vendorpro, they will be entered into a drawing to win one of three $500 education credits from MBA. The first drawing will be held Aug. 31.

“For vendorpro to be successful, it must have referrals from bankers,” Preston said. “I encourage bankers to enter their referrals for a chance to win $500 to attend MBA education programs.”

Groups File Reply Brief in Support of Motion for Preliminary Injunction in 1071 Litigation

The American Bankers Association, Texas Bankers Association and Rio Bank filed a reply brief supporting their motion for preliminary injunction in their lawsuit challenging the Consumer Financial Protection Bureau’s final rule implementing section 1071 of the Dodd-Frank Act. Their lawsuit claims the CFPB’s funding structure violates the Appropriations Clause of the U.S. Constitution and that the agency also violated the Administrative Procedures Act. 

“It is important that the court issue an injunction because the 1071 rule presents enormous costs to banks and their customers,” said MBA General Counsel Keith Thornburg.

Thornburg added the rule is “a gross intrusion on the privacy and operations of small businesses in the United States.”

“The CFPB has repeatedly demonstrated disrespect for the law and for due process and transparency in its operation and activities,” he said, “and its director has repeatedly maligned the banking industry.”  

The case is Texas Bankers Association et al. v Consumer Financial Protection Bureau (Case No. 7:23-cv-00144).

Register Today for MBA’s Lending and Credit Conference

The current economic environment poses numerous issues that bankers must consider when working with their customers, especially situations involving lending. The 2023 Lending & Credit Conference sponsored by MBA highlights industry trends and offers resources benefiting banks’ customers and communities.

Scheduled July 27-28 in Osage Beach, the conference addresses the following topics.

  • balance between loan growth and credit quality
  • loan growth through technology and automation
  • the use of swaps in volatile and uncertain times
  • the everchanging landscape of credit scores and credit data
  • latest developments with distressed agricultural loans
  • SBA guaranteed lending
  • profit and consistency with pricing process
  • liquidity management
  • strategies to increase talent retention and employee engagement
  • CRE metrics and headwinds community bankers need to know
  • 2023 economy at the midpoint

“These presentations cover multiple areas that greatly affect bank operations,” said MBA Senior Vice President Cheri Messerli. “MBA is excited to welcome our members to our first Lending & Credit Conference.”

Additional conference details are posted online.

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MBA Job Board

Visit MBA's Job Board to learn more about these exciting opportunities.
  • OMB in Springfield is seeking a treasury services specialist to implement, support and train for all treasury services products and services.
  • OMB in Springfield is seeking an experienced compliance officer with a background that demonstrates knowledge and skills in leading a team responsible for administering the regulatory functions.
  • Midwest Independent BankersBank in Jefferson City is seeking a chief operations officer to plan, direct and coordinate the operations division.
  • The Hamilton Bank in northwest Missouri has an opportunity for a commercial loan officer to manage loan applications, assess creditworthiness and build strong relationships with clients in the agricultural sector.
  • Ozark Bank seeks a compliance and information security officer to oversee and coordinate regulatory compliance and risk management.
  • Ozarks Federal Savings & Loan Association in Farmington seeks a chief financial officer to direct its accounting, budgeting, financial and regulatory reporting, and investing and financing activities.