Alabama Bank News

Question: Why did the ABA decide to form its own healthcare plan? Answer: For several years, member banks have asked whether the ABA can find a way for banks to come together in a large, viable healthcare plan to help reduce the costs banks are ...Read More

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’m not sure how to handle deferred student loan payments. I have a borrower that is working as a teacher and stated that her student loans would be paid for by the state. Does Appendix Q state that I can in essence ignore ...Read More

by Charles W. Prueter Author’s note: The Court is not currently in session and will not return until October. The Update will begin previewing cases for the October 2019 Term next month. A young man from Chicago by the name of John Paul Stevens ...Read More

Question: For SCRA purposes, if a customer we know has been called into service comes into the bank to lower their rate, does the bank have to require proof of military service? Answer: No – there is not an actual requirement to collect or ...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

Question: If a consumer is disputing a POS transaction and it is not fraud (i.e. merchandise never received, service canceled, and company debited account or any other reason than a fraud transaction), are we required under Reg. E to give provisional credit while we ...Read More