Monthly Archive:: September 2019

Question: I’m being told we can opt people in for overdraft protection. Is that true?   Answer: Reg. E sets out the requirements for providing customers with overdraft services for paying an ATM or a one-time debit card transaction. Under the Reg. E requirements, ...Read More

Question: We are moving to a new ChexSystem benefit whereby the credit score will be provided to us. However, we will not use the score in making the determination to deny an account opening. Since we are not using it, do we have to ...Read More

by Chris Bottcher Alabama’s banking market remains dynamic and fluid. Competition for top talent is fierce, and proven performers are bombarded with attractive offers from competitors. Any bank that has developed a team of lenders that consistently generates new and recurring revenue knows how ...Read More

by Charles W. Prueter, Waller For Alabama fans, there’s the third Saturday in October (unfortunately for Tennessee fans, the day is better known as One Especially Depressing Saturday in a Long Line of Depressing Saturdays), and for Supreme Court fans, there’s the first Monday ...Read More

Question: We are in the process of underwriting a Commercial 10 YR Term loan to a Church for the purpose of purchasing a single family residence (zoned as single family) that will be used as a place of worship. Is this a HMDA covered ...Read More

by Rob Nichols, American Bankers Association What does it mean to be a banker today? Those of you reading this column have a good idea of the variety of jobs held by the 2 million women and men who work for America’s banks. But ...Read More

by Brian Malcom, Waller Unfortunately, big data breaches are not new. So there is the temptation to shrug one’s shoulders and think, “It’s just another day in modern life.” A data breach at a financial institution, however, demands our attention. In March 2019, Capital ...Read More