Pub. 2 2011 Issue 3

fall 2011 3 12 6 4 Looking Forward to the Future As we look toward the future, the banking industry is unfortunately facing severe headwinds, perhaps more on regulatory issues than the legislative front. By Robert L. Buzzo, Chairman 6 Defenses, Damages, and Attorney’s Fees and Costs Under the WVCCPA While the WVCCPA may feel like it applies “strict liability” on creditors for violations, creditors should rest assured that they do have a number of the defenses that they can assert under the WVCCPA to shield from liability. By Angela L. Beblo and Patrick R. Barry, Spilman Thomas & Battle, PLLC 8 Meet Robert L. Buzzo – Your 2011-2012 Chairman Robert L. Buzzo was elected 2011-12 Chairman of the West Virginia Bankers Association during our 118th Annual Convention. 12 The Pitfalls of Social Networking for Employers: Why Employers Should Have Social Networking Policies Social networking presents opportunities and challenges for employers. To effectively overcome the challenges and take advantage of the opportunities, employers should carefully consider adopting social networking policies. By Justin M. Harrison, Bowles Rice McDavid Graff & Love LLP 18 Is Your Bank Ready for Accounting Standards Update No. 2010-20 – The New Credit Quality Disclosures? If your bank has not started to accumulate the information required for these new disclosures, we strongly encourage you to devote the necessary resources to do so immediately and not wait until the end of the year, because it may be too late to capture the information needed to be disclosed if the reports are not generated until after year end. By Christopher S. Nice, CPA, CISA, P.L.L.C. Member Arnett & Foster, P.L.L.C. 21 Calendar of Events 22 WVBA 118th Annual Convention 25 Why Every Bank Needs a Whistleblower Policy A whistleblower policy adds an extra degree of insurance that employees will be protected from being fired, subjected to harassing treatment, reprisals, or be adversely affected by any form of retaliation. By Bernie Deem, DeemHR 26 Member Notes