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Compliance Q&A: POS Transaction Dispute

Breaking, Compliance Q&A, Industry Reports, Publications

Question: If a consumer is disputing a POS transaction and it is not fraud (i.e. merchandise never received, service canceled and company debited account or any other reason than a fraud transaction), are we required under Reg. E to give provisional credit while we ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal, Publications

by Charles W. Prueter, Waller The new Term kicks off at One First Street in Washington, D.C., next Monday morning. Last month, the Update previewed several of the cases on the Supreme Court’s docket, including a collection of three cases presenting the question of ...Read More

Compliance Q&A: Overdraft Protection

Breaking, Compliance Q&A, Industry Reports, Publications

Question: I’m being told we can opt people in for overdraft protection. Is that true? Answer: Reg. E sets out the requirements for providing customers with overdraft services for paying an ATM or a one-time debit card transaction. Under the Reg. E requirements, ...Read More

Compliance Q&A: Credit Score Disclosure

Breaking, Compliance Q&A, Publications

Question: We are moving to a new ChexSystem benefit whereby the credit score will be provided to us. However, we will not use the score in making the determination to deny an account opening. Since we are not using it, do we have to ...Read More

An Ounce of Prevention: How to Avoid Lien Extinguishment under Alabama’s Common Interest Community Super-Priority Lien Statute

Board Briefs, Breaking, Industry Reports, Legal, Publications

by R. Aaron Chastain and Christopher K. Friedman In 2014, the Nevada Supreme Court sent shockwaves through the mortgage lending industry when it held that a portion of a homeowners’ association (“HOA”) or condominium owners association’s (“COA”) statutory assessment lien had priority over a ...Read More

Barbarians at the Gate: Are Your Competitors Poaching Your Best Talent?

Board Briefs, Breaking, Publications

by Chris Bottcher Alabama’s banking market remains dynamic and fluid. Competition for top talent is fierce, and proven performers are bombarded with attractive offers from competitors. Any bank that has developed a team of lenders that consistently generates new and recurring revenue knows how ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Industry Reports, Legal, Publications

by Charles W. Prueter, Waller For Alabama fans, there’s the third Saturday in October (unfortunately for Tennessee fans, the day is better known as One Especially Depressing Saturday in a Long Line of Depressing Saturdays), and for Supreme Court fans, there’s the first Monday ...Read More

Capital One’s Data Breach and the Legal Fallout

Board Briefs, Breaking, Legal, Publications

by Brian Malcom, Waller Unfortunately, big data breaches are not new. So there is the temptation to shrug one’s shoulders and think, “It’s just another day in modern life.” A data breach at a financial institution, however, demands our attention. In March 2019, Capital ...Read More

Compliance Q&A: HMDA Exemption Question

Breaking, Compliance Q&A, Publications

Question: We are in the process of underwriting a Commercial 10 YR Term loan to a Church for the purpose of purchasing a single family residence (zoned as single family) that will be used as a place of worship. Is this a HMDA covered ...Read More

Capital One’s Data Breach and the Legal Fallout

Board Briefs, Breaking, Industry Reports, Legal, Publications

by Brian Malcom, Waller Unfortunately, big data breaches are not new. So there is the temptation to shrug one’s shoulders and think, “It’s just another day in modern life.” A data breach at a financial institution, however, demands our attention. In March 2019, Capital ...Read More

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