Industry Reports Archive

By Rob Nichols, American Bankers Association Since arriving at the Consumer Financial Protection Bureau last October, Director Rohit Chopra has been busy. Under his leadership, the CFPB has issued nearly 60 press releases as well as multiple reports and blog posts, many critical of ...Read More

Q. We have a designated disaster area close by and were wondering which activities in these areas would qualify for CRA Community Development? A. There are a variety of activities relating to designated disaster areas (DDA) that may qualify. Loans, investments/donations, and services that ...Read More

The Alabama Bankers Association joined the American Bankers Association and fifty other state trade associations in challenging the CFPB in an extensive letter on Monday regarding a recent request for information on fees associated with financial products and services offered by banks including overdraft ...Read More

MONTGOMERY, ALA., April 11, 2022 — The Alabama Legislature adjourned sine die last Thursday just before midnight. The last week of the session was eventful and at times dramatic. Legislative leadership expects Gov. Kay Ivey to call them back with a special session to ...Read More

In the latest issue of Consumer Compliance Supervisory Highlights, the FDIC addressed the charging of multiple non-sufficient funds fees for transactions presented multiple times against insufficient funds in a customer’s account. FDIC examiners have scrutinized this issue in recent exams, with some exams remaining ...Read More

MONTGOMERY, ALA., April 4, 2022 — Only four legislative days remain in the 2022 Regular Session. Right now, there appears to be growing momentum for the Legislature to finish the session and adjourn sine die next week. To accomplish that goal, lawmakers would need ...Read More

The Legislature met for two days last week, breaking a consistent pattern of three-day weeks during this Regular Session. Despite the “break” on Wednesday, both legislative bodies put in significant hours last week due to serious debate on a number of substantive and controversial ...Read More