wvbankers.org 4 West Virginia Banker 12 CONTENTS ©2022 The West Virginia Bankers Association | The newsLINK Group, LLC. All rights reserved. West Virginia Banker is published four times each year by The newsLINK Group, LLC for the West Virginia Bankers Association and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and education. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your circumstances. The statements and opinions expressed in this publication are those of the individual authors and do not necessarily represent the views of the West Virginia Bankers Association, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. West Virginia Banker is a collective work, and as such, some articles are submitted by authors who are independent of the West Virginia Bankers Association. While West Virginia Banker encourages a first-print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at 855.747.4003. 5 A Message From the Chief Executive: The Power of Advocacy By Sally Cline 8 Community Corner 10 Nonsufficient Funds and Overdrafts: “Junk Fees” in an Ever-Evolving Regulatory Landscape By Sandra M. Murphy and Floyd Boone, Bowles Rice LLP 12 The Fed’s Balancing Act for 2022 By Jeffrey F. Caughron, The Baker Group 14 West Virginia Small Estate Act: Simplifying The Administration Process For Heirs While Providing Potential Mistakes For Unprepared Banks By Richard Marsh, Flaherty Sensabaugh Bonasso PLLC 18 Benefits That Attract and Retain Employees As We Emerge From The Pandemic By Mark Hogan, Pentegra 20 Five Ways Banks Can Compete with Fintech Startups By Nicholas P. Mooney II, Spilman Thomas & Battle, PLLC 24 Bankruptcy and Judgment Liens: Traps for the Unwary By Steve Brown, Investors Title Insurance Company 28 Implementing Computer-Security Incident Notice Requirement a Good Reason to Revisit Your Response Plan By Mark Mangano, Jackson Kelly PLLC 32 2022 Calendar of Events 18
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