Alabama Bank News

by Charles W. Prueter, Waller The new Term kicks off at One First Street in Washington, D.C., next Monday morning. Last month, the Update previewed several of the cases on the Supreme Court’s docket, including a collection of three cases presenting the question of ...Read More

Question: I’m being told we can opt people in for overdraft protection. Is that true?   Answer: Reg. E sets out the requirements for providing customers with overdraft services for paying an ATM or a one-time debit card transaction. Under the Reg. E requirements, ...Read More

by R. Aaron Chastain and Christopher K. Friedman In 2014, the Nevada Supreme Court sent shockwaves through the mortgage lending industry when it held that a portion of a homeowners’ association (“HOA”) or condominium owners association’s (“COA”) statutory assessment lien had priority over a ...Read More

by Chris Bottcher Alabama’s banking market remains dynamic and fluid. Competition for top talent is fierce, and proven performers are bombarded with attractive offers from competitors. Any bank that has developed a team of lenders that consistently generates new and recurring revenue knows how ...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: We are in the process of underwriting a Commercial 10 YR Term loan to a Church for the purpose of purchasing a single family residence (zoned as single family) that will be used as a place of worship. Is this a HMDA covered ...Read More

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