CBA
Showing 49–64 of 247 results
-
Bank Wire
Spring 2020
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 416
Abstract: This brief summary of recent developments in community banking points out that the OCC and FDIC recently issued an interagency statement on heightened cybersecurity risks that reminds banks to implement and maintain effective preventive controls. It also discusses a recent OCC report warning that compliance risk related to Bank Secrecy Act/anti-money laundering activities remained high last year. Finally, the article notes that a recent case illustrates the importance of carefully following the Fair Debt Collection Practices Act (FDCPA).
-
Breaking up is hard to do – Protect bank interests after a divorce
Spring 2020
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 662
Abstract: If a borrower’s business is co-owned by two married partners, will the business fall apart if the marriage does? This article looks at some factors community banks should be aware of if their loans are at risk due to divorce. The article explains how divorce could affect the ownership and operation of a small business. It points out that, if banks and their lenders stay on top of potential problems, they’ll likely be able to help borrowers navigate these difficult waters and come out relatively unscathed, protecting their loans in the process.
-
Artificial intelligence may be the future of community banking
Spring 2020
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 689
Abstract: Recent technological developments — such as artificial intelligence (AI), robotic process automation (RPA) and machine learning — are rapidly changing the way we do business. And an increasing number of community banks are now recognizing their value. This article discusses the potential uses of such technologies, including automating the account opening process, changing addresses and other information, and improving fraud protection. It notes that community banks should monitor these new technologies and consider how they might improve their businesses — either now, or down the road.
-
Should you be stress testing your borrowers?
Spring 2020
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 831
Abstract: Most banks are familiar with the concept of stress testing: By evaluating the impact of adverse external events on a bank’s earnings, capital adequacy and other financial measures, stress testing can be a highly effective risk management tool. And while community banks generally aren’t required to conduct stress testing, banking regulators view it as a best practice. This article discusses the ins and outs of stress testing. A sidebar explains Canada’s mortgage stress-testing law.
-
Bank Wire
Winter 2020
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 487
Abstract: This summary of recent developments in banking looks at the implications for banks of a statement issued in July 2019 by the federal banking agencies: Joint Statement on Risk-Focused Bank Secrecy Act / Anti-Money Laundering Supervision. It also points out that the Federal Deposit Insurance Corporation (FDIC) recently finalized its community bank leverage ratio framework and discusses the framework’s requirements for community banks. In addition, the article explains the importance of avoiding potential director liability in connection with individual loan approvals and notes some recent FASB-approved CECL and lease accounting delays.
-
Does your website comply with Truth-in-Lending regulations?
Winter 2020
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 628
Abstract: A bank’s website may serve a variety of purposes, but ultimately it’s a form of advertising. That means that any descriptions of a bank’s loans, credit cards and other lending products on the site must comply with the Truth in Lending Act and Regulation Z. This article points out that, over the past few years, regulators and potential litigants have been scrutinizing banks’ websites to identify potential compliance violations. The article notes that it’s a good idea for bankers to review their websites and correct any problems before they become the subject of an examination or lawsuit.
-
Dig deeper to avoid fraudulent financial restatements
Winter 2020
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 612
Abstract: To ensure that corrections aren’t covering up fraudulent activity, it’s important for community bank lenders to take a second look when their borrowers present them with financial restatements. While a careless mistake isn’t necessarily unethical, this article uses a hypothetical example to illustrate how bad accounting can easily slide into fraud — whether intentional or unintentional. It suggests that lenders need to carefully evaluate borrowers’ financial restatements so that their banks can head off potential bad loans before they happen.
-
LIBOR no more: How to prepare for the rate’s expected demise
Winter 2020
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 908
Abstract: For decades, financial institutions around the world have used the London Interbank Offered Rate (LIBOR) as a reference interest rate for loans and other financial instruments. But over the last several years, the marketplace has lost confidence in LIBOR for several reasons. This article explains that LIBOR will likely be discontinued after 2021 and that a global effort is currently underway to identify alternative reference rates. It notes the importance of working with the bank’s advisors to identify an appropriate reference rate for the bank — drafting fallback language that reflects the bank’s particular circumstances.
-
Bank Wire – FASB proposal delays CECL, lease accounting changes
Fall 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 414
Abstract: This summary of recent developments in banking discusses a recent FASB proposal that provides breathing room for community banks struggling to implement the current expected credit losses (CECL) model and the new lease accounting standard. It also looks at a recent report issued by the Federal Reserve suggesting how to reform the Community Reinvestment Act by expanding assessment areas and updating asset thresholds, among other things. Finally, it discusses a new OCC Bulletin encouraging banks to refer to the OCC’s core lending principles in connection with their community revitalization efforts.
-
Know the risks of the secondary market mortgage business
Fall 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 563
Abstract: In the past few years, community banks have been turning more frequently to the strategy of selling the mortgage loans they’ve originated to the secondary market. This article points out that banks that don’t have a good grasp of the risks and rewards of this approach may end up losing out. It notes that, when entering into loan sale agreements, it’s important for community banks to pay close attention to the details — including all representations and warranties — to ensure the outcome is positive.
-
Are you prepared? 5 common cyber threats to the banking industry
Fall 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 676
Abstract: Cybersecurity is one of the most critical issues businesses face today — and banking is among the industries most affected by these attacks. This article looks at some of the most common cyber threats and explains how banks can conduct risk assessments to identify and quantify their institutions’ specific vulnerabilities and develop plans to address these threats and mitigate the risk.
-
Making the transition to FDICIA reporting: Get an early start
Fall 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 879
Abstract: The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) was designed to strengthen the FDIC and improve the safety and soundness of financial institutions, imposing stricter auditing, reporting and governance obligations on institutions as their assets cross the $500 million and $1 billion marks. This article explains that, as a bank grows, it’s important to anticipate when it will reach these thresholds and begin to prepare well in advance. A sidebar discusses the auditor independence requirements for FDICIA-covered banks.
-
Bank Wire – How S corporation banks can qualify for the pass-through deduction
Summer 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 384
Abstract: This summary of recent developments in banking discusses a new pass-through deduction that allows owners of S corporations and other pass-through entities to deduct up to 20% of their “qualified business income,” subject to some limitations. The article also looks at the Consumer Financial Protection Bureau’s (CFPB’s) renewed focus on compliance with the Homeowners Protection Act and mentions the CFPB’s recent guidance for complying with the mortgage servicing rules.
-
The big picture – Fight money laundering with visual analytics
Summer 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 538
Abstract: Rapidly advancing technology enables criminals to invent new forms of money laundering. But that same technological progress, in the form of data visualization software, can give a community bank an edge in detecting and preventing money laundering and ensuring the institution’s compliance with the Bank Secrecy Act and Anti-Money Laundering. This article suggests that visual analytics can be a powerful tool to help banks identify suspicious patterns, relationships, trends or anomalies that are difficult to spot using traditional tools alone.
-
Fed issues guidance on accounting for leased bank premises
Summer 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 552
Abstract: Most community banks are preparing for the Financial Accounting Standards Board’s new lease accounting standard’s impact on loan covenants and regulatory capital. But banks also need to consider its potential impact on investment in bank premises, such as office space and retail branch leases. This article explains when the new rules take effect, their impact on operating leases and the Regulation H implications. The article notes that investment timing can be significant.
-
Opportunity Zones: Can your bank benefit?
Summer 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 893
Abstract: The Opportunity Zone program, created by the Tax Cuts and Jobs Act of 2017, provides investors with a powerful tax incentive to make long-term investments in state-designated economically distressed communities. This article discusses the benefits of the program for community banks, including the opportunity to make loans in connection with development projects that might otherwise not be economically feasible — absent the tax breaks available in opportunity zones. A sidebar addresses the fact that loans in economically distressed areas also may help banks meet their obligations under the Community Reinvestment Act.