Breaking | Alabama Bank News

Compliance Question of the Week

Breaking, Industry Reports

QUESTION: Under Reg. Z, the NMLS ID and name would be required on mortgage, note, application, LE and CD for any dwelling-secured loan. Is that correct? ANSWER: Reg. Z section 1026.36 requires the NMLS ID to be on the note, security instrument, application, ...Read More

Equity Incentive Plans – is Your House in Order?

Board Briefs, Breaking, Legal, Publications

by Andrew S. Nix, Maynard Cooper & Gale Equity incentives can be a very effective component of a bank’s compensation program. When used properly, equity incentives can help advance a bank’s business strategy, link pay and performance and provide a competitive advantage in recruitment ...Read More

Medicare Part D Notices Due Soon

Breaking, Health Care Alert, HR News, Publications

Employers that provide prescription drug coverage must annually provide a notice related to the credibility of said coverage to all employees, dependents, and COBRA beneficiaries – no later than the beginning of the annual Medicare open enrollment period of October 15th. Which Employers Must ...Read More

Compliance Question of the Week

Breaking, Industry Reports, Publications

Question: The credit reports we use are through the company Factual Data. This company retrieves the information from Equifax and on our tri-merge requests, retrieves from all 3 consumer reporting agencies. We have been putting on the denial letters the address and phone numbers of ...Read More

D&O Insurance for Financial Institutions

Board Briefs, Breaking, Industry Reports, Publications

by Heather Howell Wright and Stewart Cox Directors and officers (D&O) insurance policies provide protection to the directors and officers of a company for claims asserted against those directors and officers arising from the management of the company. D&O policies may also protect the ...Read More

New Options for Community Banks Interested in Going Public

Board Briefs, Breaking, Industry Reports, Publications

by Marc Adesso With so many community banks being acquired as part of a general consolidation in the industry, many institutions must sell their own equity securities in order to scale operations. A key decision banks must make when considering a sale of securities ...Read More

On the Horizon: How SaaS Software Impacts Bank Accounting Practices

Board Briefs, Breaking, Industry Reports, Publications

by Nick Smialek In today’s inter-connected world, cloud-based software is fast becoming the new mode of business for most organizations, and banks are no exception. Often referred to as “Software as a Service” (SaaS), this software has had a significant impact on both our ...Read More

Branch Employee Sales Compensation Practices: The Sequel

Board Briefs, Breaking, Industry Reports, Legal, Politics, Publications

by Elena A. Lovoy The summer movie line-up always includes sequels or reboots of prior box office hits and this summer has been no exception. “Mamma Mia! Here We Go Again” was released on July 20. The Bureau of Consumer Financial Protection (BCFP) also ...Read More

New Banks as Bellwethers

Breaking, Industry Reports, Politics, Publications

by Naomi Camper When I joined ABA as chief policy officer in June, a task force of bankers with experience launching and running new banks were mid-way through their analysis of why “de novo” activity had stalled in recent years. Their mission—as established by ...Read More

ARE WE THERE YET?

Board Briefs, Breaking, Publications

by Nancy A. Bush We have decided that being a bank analyst in 2018 is roughly the equivalent of being Bill Murray in some financial services industry version of Groundhog Day. Every quarter, we wake up at the beginning of earnings season, dutifully record ...Read More

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