Industry Reports Archive

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

Question: I was wondering do all checks over a certain dollar amount need to be verified for accurate signatures—can you tell me whether there is a requirement?  Answer: There is not a particular threshold amount in the federal laws or regulations, or in the ...Read More

More than eight in 10 banks (84 percent) believe social media is important to their institution and 87 percent are very or somewhat active on their social media accounts, according to a new report released today by the American Bankers Association. The State of Social ...Read More

Question: We have a commercial loan transaction where the borrower is purchasing a commercial building and repurposing it into 18 residential condos. Is this loan HMDA reportable?   Answer: Unfortunately, the regulation does not specifically address the situation of a non-residential building is being ...Read More

As a partner of your state banking association, we want to share with you some new and exciting ways we help our clients. Recent commercial real estate (CRE) lending trends indicate increased investment in vacant and industrial land. As the U.S. retail landscape shifts ...Read More

by Bruce Ely and Jimmy Long, Bradley EDITOR’S NOTE: In May of 2018, at the request of the Alabama Department of Revenue (“ADOR”), the Alabama Bankers Association (“ABA”) established a working group of tax experts to study ways to modernize and clarify the statutes ...Read More

Question: Is there a regulatory requirement to charge a 7-day early withdrawal penalty on a certificate of deposit (CD)?   Answer: In the first week after a CD is created, there must be an early withdrawal penalty of at least seven days’ simple interest ...Read More