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2019 Regular Session: Week 1 Recap

Breaking, Capitol Notes, Industry Reports, Legal, Politics, Publications

The 2019 Regular Session has been on hiatus since gaveling in on March 5. In the meantime, a bipartisan group of legislators overwhelmingly approved Gov. Kay Ivey’s “Rebuild Alabama” plan, which provides for a gradual 10-cent increase in state gasoline taxes to pay for ...Read More

Diversifying Our Most Important Asset

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by Rob Nichols, American Bankers Association They say you can’t improve what you don’t measure. That is why ABA has established a dashboard that shows the gender, ethnic and generational breakdown of our workforce, from the customer service operators to the C-suite. This snapshot ...Read More

Supreme Court Update for Banking and Financial Services Professionals

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by Charles Prueter By Charles Prueter, Waller The Fair Debt Collection Practices Act, which was signed into law by President Jimmy Carter in 1977, has a simple and straightforward purpose: Protect unsophisticated consumers from unscrupulous debt collectors. The statute itself, however, has proved to ...Read More

Credit Concentration Risk Management Back in Regulatory Focus

Board Briefs, Breaking, Publications

by Chris Couch, McGlinchey Stafford Late last year the Office of the Comptroller of the Currency identified “concentration risk management” as a top supervisory concern for 2019. Subsequently, the Federal Reserve raised interest rates twice, the US economy witnessed the worst annual returns for ...Read More

Compliance Q&A: Use of Line of Credit for a Rental Property: Is it HMDA Reportable?

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Question: We have a commercial customer with a line of credit that they use for working capital. They may also use the line for any other type of business-related expense. So, the commercial borrower used this original line to purchase a rental property. Now, ...Read More

Compliance Q&A: Refinancing a Second Home

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Question: We have a question on a loan that is a refinance of a purchase of a second home and is adding funds to pay off personal credit cards. Should be report the HOEPA Status as “Code 3 – NA”? Answer: Assuming the loan ...Read More

Disrupt or Die: The Community Bank’s Guide to the BB&T – SunTrust Merger

Board Briefs, Breaking, Publications

by Murray Bibb, Porter White & Co. It was a run-of-the-mill Thursday morning — save for the record high temperatures approaching 80 degrees during the first week of February 2019 — as I was enjoying a pre-daylight cup of coffee and reading the Wall ...Read More

Preview of 2019 Regular Session

Breaking, Capitol Notes, Politics, Publications

March 5, 2019 — The first day of the 2019 Regular Session of the Alabama Legislature began at noon today. But unlike in most years, the big question in Montgomery is when the session’s second day will start. While nothing will become official, if ...Read More

Compliance Q&A: Construction-to-permanent Loans and Loan Purpose

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Question: For HMDA purposes, would a construction-to-permanent loan be considered a refinance under the Loan Purpose? Answer: It would actually be considered a home purchase loan under HMDA regardless of whether it is a combined construction to permanent loan or the permanent financing that ...Read More

Compliance Q&A: HMDA and Interest-only Loans

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Question: I have a HMDA question about construction loans. Our construction loans are 360 months plus 9 months interest. They are construction to perm. The first 9 months are interest only and then the 10th month includes principal &interest. Would we report this on ...Read More

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