December | 2020 | Alabama Bank News

COVID, Capital, Scale & Opportunity: A Case for Community Bank Mergers

Board Briefs, Breaking, Publications

by Mike Murphey, Porter White & Company COVID has accelerated change in our economy, and banking is no exception. We all know the issues: (i) declining Net Interest Margin, (ii) the need to reduce costs and grow fee income, (iii) a potential shift from ...Read More

Compliance Q&A: HMDA and Refinance Considerations

Breaking, Compliance Q&A, Publications

Question: Bank A has a loan that is paying off a dwelling with funds from a new dwelling secured loan. The old and new loans are not secured by the same dwelling, but they are both to the same borrower. Would this be reported ...Read More

FHA Posts Proposed Rule Permitting Acceptance of Private Flood Insurance

Board Briefs, Breaking, Publications

By Heather Howell Wright and Austin Holland On Nov. 23, the U.S. Department of Housing and Urban Development (HUD) published in the Federal Register a proposed amendment to Federal Housing Administration (FHA) regulations that would allow lenders to accept private flood insurance policies on ...Read More

Compliance Q&A: Debit Card Charge Disputes

Breaking, Compliance Q&A, Industry Reports, Publications

Question: We have a cardholder who gave her boyfriend her debit card to hold onto for her. He ended up making some purchases and now she is calling the bank to see if she can dispute these items? She never gave him permission to ...Read More

New, Now, Next in Payments

Board Briefs, Breaking, Industry Reports, Publications

By Sarah Edwards, McGlinchey What’s up and coming around the corner for the payments industry? Below we discuss three areas of innovation in payments that banks should be monitoring: the Real Time Payments Network, the FedNow Service, and the OCC Payments Charter. Real Time ...Read More

Capital Allocation, Changing Regulations and Banks’ Strategic Plans for 2021

Board Briefs, Breaking, Publications

by Wes Scott and Kevin Tran As 2020 mercifully nears its end, it’s safe to say that we’re living in uncertain times in which volatility seems to be the norm rather than the exception. Currently, we are navigating the aftermath of an extremely contentious ...Read More

Monthly Archive:: December 2020