Alabama Bank News

By Elizabeth Brusa, Chris Hawkins, and Alex Dugan, Bradley On Dec. 9, Congressional Democrats, including Elizabeth Warren (D-Mass.) and Jerrold Nadler (D-N.Y.), proposed sweeping legislation that would overhaul consumer bankruptcy law. The proposed changes, if adopted, generally would make it easier for consumers to ...Read More

by Charles W. Prueter, Waller For everything there is a season, and a time for every matter under heaven, a wise man said long ago. And 2020 showed us that all the things and all the matters can, in fact, be jam-packed into one ...Read More

by Mike Murphey, Porter White & Company COVID has accelerated change in our economy, and banking is no exception. We all know the issues: (i) declining Net Interest Margin, (ii) the need to reduce costs and grow fee income, (iii) a potential shift from ...Read More

Question: Bank A has a loan that is paying off a dwelling with funds from a new dwelling secured loan. The old and new loans are not secured by the same dwelling, but they are both to the same borrower. Would this be reported ...Read More

Question: We have a cardholder who gave her boyfriend her debit card to hold onto for her. He ended up making some purchases and now she is calling the bank to see if she can dispute these items? She never gave him permission to ...Read More

By Sarah Edwards, McGlinchey What’s up and coming around the corner for the payments industry? Below we discuss three areas of innovation in payments that banks should be monitoring: the Real Time Payments Network, the FedNow Service, and the OCC Payments Charter. Real Time ...Read More

Q: Bank XYZ has a new commercial transaction where a closed-end loan is paying off a line of credit. The line of credit is dwelling secured and the new loan will also be dwelling secured but with different collateral. It will, however, be the ...Read More