Publications | Alabama Bank News

Understanding Your Local Economy in the COVID Era

Board Briefs, Breaking, Publications

by Mike Murphey, Porter White & Co. The best way to understand what is happening in your market is to do what Alabama Community Bankers excel at every day…understanding your clients and their financial needs. That said, having reliable, timely economic data applicable to ...Read More

Playing the Long Game

Breaking, Industry Reports, Publications

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

Mitigating Cloud Service Vendor Dependency in the Covid-19 Era and Beyond

Board Briefs, Publications

by Drew Patty, McGlinchey Even before the current pandemic, businesses large and small were increasingly relying on outsourced software application hosting, also known as “cloud computing,” or “software as a service” (SaaS), to improve efficiency and profitability. Some businesses also outsource computing infrastructure under ...Read More

HUD Issues Final Rule Redefining the Standard for Fair Housing Disparate Impact Discrimination Claims

Board Briefs, Breaking, Publications

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

Compliance Q&A: Delinquent SCRA Loan Considerations

Breaking, Compliance Q&A, Publications

Q: If our bank has a SCRA applicable loan, and the loan is delinquent, but the delinquency is satisfied after the first notice was sent, is there a time period whereby a new notice does not need to be sent if the loan becomes ...Read More

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

Compliance Q&A: RDFI Procedures and Federal Benefit Payments

Breaking, Compliance Q&A, Publications

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

Compliance Q&A: Joint Accounts and Suspicious Activity Reporting

Breaking, Compliance Q&A, Publications

Q: We have a joint account owned by three people. When filling out a SAR, do we include a Part I on an all account holder even if one had no transactions or involvement? A: While a CTR has an assumption that all joint ...Read More

Publications Archive