October | 2020 | Alabama Bank News

What to Expect on Bank Regulation in a Trump or Biden Presidency

Board Briefs, Breaking, Publications

By Kevin Tran, Waller President Donald Trump has spent much of his time in office acting on his 2016 campaign platform of rolling back provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) that strengthened bank regulation and consumer financial protections ...Read More

CIP Policy: Collection of Identification Regarding Business Accounts

Breaking, Compliance Q&A, Publications

Q: Our retail staff is looking to have changes made to our CIP policy in regard to the collection of identification regarding business accounts. The CIP regulation states that the bank should obtain documents showing the legal existence of the entity, such as articles ...Read More

Compliance Q&A: Flood Insurance Considerations

Breaking, Compliance Q&A, Publications

Q: If the bank takes a commercial property in a business name as an “Abundance of Caution” and the property is in a flood plain; is the bank still required to make sure that there is flood insurance? A: If the commercial property has ...Read More

Monthly Archive:: October 2020