August | 2019 | Alabama Bank News

Compliance Q&A: Check Signature Verification

Breaking, Compliance Q&A, Industry Reports, Publications

Question: I was wondering do all checks over a certain dollar amount need to be verified for accurate signatures—can you tell me whether there is a requirement? Answer: There is not a particular threshold amount in the federal laws or regulations, or in the ...Read More

Compliance Q&A: Deferred Student Loan Payments

Breaking, Compliance Q&A, Publications

Question: I’m not sure how to handle deferred student loan payments. I have a borrower that is working as a teacher and stated that her student loans would be paid for by the state. Does Appendix Q state that I can in essence ignore ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Industry Reports, Legal, Publications

by Charles W. Prueter Author’s note: The Court is not currently in session and will not return until October. The Update will begin previewing cases for the October 2019 Term next month. A young man from Chicago by the name of John Paul Stevens ...Read More

New Report Examines Banks’ Use of Social Media

Breaking, Industry Reports, Tech News

More than eight in 10 banks (84 percent) believe social media is important to their institution and 87 percent are very or somewhat active on their social media accounts, according to a new report released today by the American Bankers Association. The State of Social ...Read More

COMPLIANCE Q&A: SCRA and Proof of Military Service

Breaking, Compliance Q&A, Publications

Question: For SCRA purposes, if a customer we know has been called into service comes into the bank to lower their rate, does the bank have to require proof of military service? Answer: No – there is not an actual requirement to collect or ...Read More

COMPLIANCE Q&A: Commercial Loans & HMDA Reporting

Breaking, Compliance Q&A, Industry Reports, Publications

Question: We have a commercial loan transaction where the borrower is purchasing a commercial building and repurposing it into 18 residential condos. Is this loan HMDA reportable? Answer: Unfortunately, the regulation does not specifically address the situation of a non-residential building is being ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal, Publications

by Charles W. Prueter, Waller A young man from Chicago by the name of John Paul Stevens enlisted in the U.S. Navy on December 6, 1941. Pearl Harbor was attacked the next day, and he served the country throughout World War II. He returned ...Read More

Compliance Q&A: POS Transaction Dispute

Breaking, Compliance Q&A, Publications

Question: If a consumer is disputing a POS transaction and it is not fraud (i.e. merchandise never received, service canceled, and company debited account or any other reason than a fraud transaction), are we required under Reg. E to give provisional credit while we ...Read More

Monthly Archive:: August 2019