Breaking Archive

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

Q: Bank XYZ has a new commercial transaction where a closed-end loan is paying off a line of credit. The line of credit is dwelling secured and the new loan will also be dwelling secured but with different collateral. It will, however, be the ...Read More

by Rob Nichols After months of planning and preparation—and if we’re being honest, a little angst—Americans went to the polls in record numbers in early November to cast their votes in presidential, state and local races. The contest topping the ticket was one of ...Read More

by Christopher Friedman and Austin Holland On Sept. 3, the U.S. Department of Housing and Urban Development (HUD) issued its final rule on the implementation of the Fair Housing Act’s disparate impact standard. The Fair Housing Act (FHA) prohibits discrimination in many housing-related activities ...Read More

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

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

Q: Must a bank have RDFI procedures in place to ensure a 30-day written notice is provided to account holders receiving Federal benefit payments prior to the actual closing of the account?  A: Yes, you must give 30 days’ notice prior to closing an ...Read More