November | 2018 | Alabama Bank News

Compliance Q&A: Notice of Right to Rescind

Breaking, Industry Reports

Question: Why do we have to have two copies signed at closing for the notice of right to rescind? Answer: The regulation requires that two copies of the notice of right to rescind be delivered to each consumer entitled to rescind, but there’s not a regulatory ...Read More

Quarterly Earnings Review- 2018Q2

Board Briefs, Breaking, Publications

by Nancy A. Bush, CFA, NAB Research, LLC for Banks Street Partners, LLC LIFTOFF – FINALLY? Was this finally it—the quarter which we had long awaited? Was this the quarter when the optimism that had been expressed for months by bank CEOs finally became ...Read More

The Why and How of Environmental Risk

Breaking, Industry Reports

By John Berteau, Associate General Counsel For banks, environmental risk management addresses concerns about the present by looking into the past and gazing into the future. A good environmental risk policy looks to the past to identify existing environmental liabilities before making loans secured ...Read More

Safeguarding Our Seniors: How Banks Can Help Protect Against Elder Financial Exploitation

Board Briefs, Breaking, Industry Reports, Publications

by Kenneth Douglas, Porter Keadle Moore Today, baby boomers are still one of America’s largest demographics, with the U.S. Census estimating them on target to represent more than 20 percent of the nation’s total population by 2029. More so, this generation is quickly adding ...Read More

Forget Black Friday…Here’s Where You’ll Find the Real Savings

Breaking, Industry Reports

By Kelly Flynn, John M.Floyd & Associates From Thanksgiving Day through Black Friday and Cyber Monday in 2017, more than 174 million Americans shopped in stores and online, spending an average of $335 per person. They saved maybe $50 here or $100 there. And that’s great for ...Read More

Compliance Question of the Week: Reg DD Advertising

Breaking, Industry Reports

Question: Under Reg. DD, if a time account product is advertised generally is there a requirement to provide the term for CDs if a specific CD product is not advertised, and instead, simply that time accounts are among products offered? Answer: No, you’re not ...Read More

HMDA Reporting Relief for Some

Board Briefs, Breaking, Industry Reports, Publications

by Bob Fowlkes, Maynard Cooper & Gale On May 24 President Trump signed into law the “Economic Growth, Regulatory Relief and Consumer Protection Act” (the “Act”). While the Act may ease the HMDA reporting burden on many banks, it may not be the panacea ...Read More

Best Practices for Financial Institutions to Prevent or Mitigate Intrusions Through Mobile Devices

Board Briefs, Breaking, Publications

by Fob H. James, IV, Burr Forman Mobile devices are widely used by employees of banks for good reason. They facilitate efficiency and productivity by allowing employees to work and communicate on the go; however, there is always a catch. The downside of authorizing ...Read More

Compliance Question of the Week

Breaking, Industry Reports, Publications

Question: Our bank has an affiliate that purchases account receivables. The affiliate orders consumer reports in order to conduct their business. One of their customers applied to our bank for a commercial loan. The affiliate, having obtained a credit report on the guarantor, provided ...Read More

Washington Update: Keeping Pace With Change

Breaking, Industry Reports, Politics, Publications

by Rob Nichols If you are like many of the hundreds of bankers I have talked to since joining ABA three years ago, odds are you have an issue with your core provider. Yes, these companies are critical partners, and they deliver many excellent ...Read More

Monthly Archive:: November 2018