Banking

Showing 1–16 of 580 results

  • Bank Wire – CFPB expands its authority to punish banks for discrimination

    Summer 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 432

    Abstract: In this brief summary of recent developments in banking, we look at a recent Consumer Financial Protection Bureau announcement that it will expand its antidiscrimination efforts to situations in which fair lending laws may not apply, including include servicing, collections and consumer reporting. In addition, we explain the Financial Crimes Enforcement Network’s Rapid Response Program for cyber-enabled financial crime and highlight a recent FDIC notice requirement for banks involved in crypto activities.

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  • Is cryptocurrency the future of banking?

    Summer 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 543

    Abstract: The popularity of bitcoin, ether and other cryptocurrencies has exploded in recent years. But an absence of federal oversight “leaves consumers open to scams and dangerous price volatility,” many lawmakers warn. This article explains that this lack of oversight may change in the near future and discusses a recent executive order that signals support of the potential benefits of creating a U.S. Central Bank Digital Currency.

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  • Under stress – Conduct stress testing to stay competitive

    Summer 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 684

    Abstract: Stress testing enables banks to simulate specific “disaster” scenarios and evaluate the bank’s (or loan’s) potential for withstanding them in terms of earnings, capital adequacy and other financial metrics. This article explains that such testing can provide valuable information about potential risks that community banks can use to stay afloat through inevitable economic ups and downs.

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  • Keeping up with the CECL standard

    Summer 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 875

    Abstract: By now, all banks are familiar with the CECL model for estimating credit losses, and most have taken concrete steps toward adopting it. This article notes that banks that are behind schedule in their transition efforts need to kick those efforts into high gear. It explains that it’s also important for banks to evaluate — and, if necessary, update — their policies, procedures, systems and internal controls to ensure credit losses will be properly calculated and documented. A sidebar points out that the FASB has indicated that no further deferrals are expected.

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  • Bank Wire – OCC discusses banking risks

    Spring 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 421

    Abstract: In this summary of recent developments in community banking, we highlight the main points of the Office of the Comptroller of the Currency’s latest installment of its Semiannual Risk Perspective, explain that the IRS has finalized its guidance on the tax consequences of the LIBOR transition and discuss the most recent ransomware advisory from the Financial Crimes Enforcement Network.

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  • Get ready for a new cyberincident reporting rule

    Spring 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 599

    Abstract: Soon banks will be required to report significant cyberincidents within 36 hours, under a new rule issued by the Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC). This article explains details of the rule and answers some frequently asked questions about it.

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  • How to expand options and improve your bank’s bottom line

    Spring 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 646

    Abstract: Community banks continue to deal with economic uncertainty as a result of the COVID-19 pandemic and its impact on businesses and organizations. They’re also faced with an increasingly rapid pace of technological change affecting many aspects of banking. This article suggests that banks may want to consider adding some new business lines that can increase their fee income and help stabilize profits.

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  • Working with vendors and partners – Are you managing third-party risk?

    Spring 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 915

    Abstract: Banks increasingly are turning to outside vendors and partners to enhance their products and services, gain access to innovative technologies, benefit from expert advice, increase efficiency and reduce costs. This article notes that it’s important to have processes in place for managing the risks associated with these third-party relationships, and explains that federal banking regulators have high expectations for banks when it comes to third-party risk management. A sidebar summarizes recent Fintech due diligence guidance for community banks.

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  • Bank Wire – Get ready for general qualified mortgage final rule

    Winter 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 448

    Abstract: In this summary of recent developments in banking, we discuss the new deadline for compliance with the CFPB’s revised general qualified mortgage rule and how banks should prepare, look at the new lease accounting rules, and take note of a new guide for banks published by the federal banking agencies on conducting due diligence on FinTech companies.

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  • Protect your data – What’s your bank’s plan to counter ransomware attacks?

    Winter 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 513

    Abstract: Cybersecurity continues to be a key risk that businesses face today, and banking is among the industries most affected by cyberattacks. This article points out that ransomware attacks, which have increased dramatically in the past couple of years, are particularly concerning, and explains some ways banks can protect themselves against the ransomware threat.

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  • Keeping branch banking profitable in the digital age

    Winter 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 661

    Abstract: The COVID-19 pandemic has led to an increase in online banking. However, the transition to virtual banking was already well underway. This article notes that as community banks look to the future, they need to re-imagine branch banking for the digital age. It points out that direct banking at branches can still be vital to community banks’ financial health as long as they measure branch performance and correct as necessary.

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  • FinCEN’s national AML/CFT Priorities set the tone

    Winter 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 906

    Abstract: In June 2021, the Financial Crimes Enforcement Network (FinCEN) issued its first set of government-wide priorities (the Priorities) for anti-money laundering and countering the financing of terrorism (AML/CFT). This article explains that FinCEN will soon issue regulations that instruct banks and other financial institutions on how to incorporate the Priorities into their risk-based AML/CFT programs. A sidebar discusses how the Priorities will affect community banking.

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  • 5 tips to help borrowers survive a labor shortage

    Year End 2021
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 376

    Abstract: In a tight labor market, businesses may have a hard time finding qualified workers and their existing employees may demand wage or salary adjustments or bonuses. When market conditions are unfavorable, borrowers may turn to their lenders for advice. This article lists five suggestions lenders can offer to help borrowers adjust to labor shortages and cope with employee attrition.

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  • After the deluge – Help businesses get back on their feet after a disaster

    Year End 2021
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 693

    Abstract: When lenders are faced with businesses that need funds immediately to help rebuild after a hurricane, fire, flood or other disaster, they need to make wise and well-founded decisions about whether to approve those loans. This article suggests some basic steps lenders can take to avoid long-term problems for their portfolios.

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  • Learn the ins and outs of GAAP vs. tax-basis accounting

    Year End 2021
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 576

    Abstract: Lenders need to understand the different accounting standards businesses may use in compiling their financial statements to ensure their borrower analyses are accurate. This article explains the differences between using Generally Accepted Accounting Principles (GAAP) and using a tax-basis reporting framework. The article notes that tax-basis reporting may be appropriate if a business is owned, operated and financed by individuals closely involved in day-to-day operations who understand its financial position.

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  • How to support a brick-and-mortar business as it launches online

    Year End 2021
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 867

    Abstract: Today, companies continue to embrace e-commerce as an extension of their usual business operations, as a means of insurance in case of additional lockdowns and, in some cases, to completely replace their physical locations. This article points out that in assessing the financial health of borrowers as they establish or grow an online presence, lenders must be aware of the keys to a successful virtual business model. A sidebar suggests some questions lenders should ask borrowers attempting to expand their businesses online.

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