November | 2018 | Alabama Bank News

Supreme Court Update for Banking and Financial Services Professionals:

Breaking, Industry Reports, Legal

by Charles W. Prueter The Supreme Court soon may take up an important case focusing on the balance of power in the NBA. No, it is not a challenge to the monopoly that the Golden State Warriors currently have on talent and championships in ...Read More

De Novo Banks on the Rise

Board Briefs, Breaking, Publications

by Alan Deer, Bradley From 2000 to 2007—the seven years leading up to the recent financial crisis—the FDIC received more than 1,600 applications for deposit insurance, an average of more than 200 per year. More than 1,000 new banks ultimately were formed over this ...Read More

Compliance Question of the Week

Breaking, Industry Reports

Question: HELOCs and escrow for flood–are they always exempt even if in 1st position? Answer: Yes, that’s correct–there’s a specific exemption for HELOCs in and of themselves: 339.5 Escrow requirement. (a) In general—(1) Applicability. Except as provided in paragraphs (a)(2) or (c) of this section, an ...Read More

Monthly Archive:: November 2018