Financial Institutions Conference - Virtual-2026 Financial Institutions Conference Materials

2026 Financial Institutions Conference Materials

Pdf Summary

The 2026 ISCPA Financial Institutions Conference, held May 28 at the West Des Moines Marriott and available by webcast, provided 8 hours of CPE focused on economics, tax, AI, regulation, internal audit, and fraud prevention. The day began with ISCPA welcome remarks and an economic update from Dr. Tom Root, covering GDP trends, inflation, employment, consumer sentiment, interest rates, and broader market and geopolitical risks.<br /><br />RSM US LLP presented a detailed 2026 tax update for financial institutions, highlighting major OBBBA changes such as permanent 199A, bonus depreciation, and R&D expensing, as well as new rules affecting rural/agricultural loan interest, auto loan interest deductions, overtime exclusions, charitable deductions, information reporting, entity choice, M&A, and state tax issues, including Iowa conformity and the new investment subsidiary election.<br /><br />The AI sessions emphasized both industry use and ethical safeguards. A panel discussion explored practical banking applications of AI, while John Higgins addressed ethical AI practices, focusing on privacy, bias, accuracy, copyright, deepfakes, compliance, transparency, third-party risk, and the need for organizational AI policies, validation controls, and staff training.<br /><br />A regulatory panel featured leaders from Iowa banking and credit union regulators, the Federal Reserve, and the FDIC, offering insight into the current supervisory environment. An internal audit session discussed what auditors are encountering in the field, and a fraud prevention session led by Adam Gregg and Jenica Lensmeyer highlighted the growing scale of consumer and cyber fraud, common scam tactics, and practical steps banks and customers can take to reduce losses.<br /><br />The conference also recognized the ISCPA Financial Institutions Committee, encouraged member involvement and feedback, and promoted future leadership and networking opportunities.

Keywords

financial institutions conference

economic update

tax update

artificial intelligence

regulatory panel

internal audit

fraud prevention

OBBBA changes

banking regulations

CPE credits