Industry Reports Archive

by Rob Nichols, American Bankers Association After tapering off during the pandemic, the trend of credit unions buying taxpaying community banks is back—and credit unions are becoming more aggressive than ever in their pursuit of acquisition targets. The first half of 2021 has already ...Read More

Q: A borrower passed away, leaving the property to her daughter. The borrower’s outstanding debt remains, and the daughter applied for a loan to pay off the debt. With respect to HMDA requirements, what type of loan is the daughter applying for? A: This ...Read More

Q: Are banks required to perform OFAC checks on incoming domestic wire transfers? A: OFAC requires banks to implement a program in accordance with the bank’s size, complexity, risk-factors, and other criteria, in order to block transactions with certain individuals and counties on the ...Read More

MONTGOMERY, Ala., April 2, 2021 — The Alabama Legislature returned this week from its planned spring break period ready to begin the second half of the 2021 Regular Session. Representatives and senators met in chambers for two legislative days and have now completed 18 ...Read More

by Steven Connor and Dustin Timblin, Waller A few months ago, the Ice Benchmark Administration and Financial Conduct Authority announced that most tenors of LIBOR would continue to be published through June 30, 2023, rather than the end of 2021 as previously anticipated. Although ...Read More

MONTGOMERY, Alabama, March 19, 2021 — Week 7 of the 2021 Regular Session saw some of the lengthiest floor debate of the session so far, particularly in the House of Representatives.  On Tuesday, representatives debated what they termed an “agency calendar.”  Designed to help public ...Read More

By Chris Couch, McGlinchey FDIC on Jan. 22 finalized revisions to its Brokered Deposit Rule (the Rule), identifying a clear path for financial technology (FinTech) companies to partner with banks in generating deposits. While the Rule acknowledges (and ostensibly leaves in place) the statutory ...Read More