Banking

Showing 1–16 of 596 results

  • Bank Wire – CFPB targets “junk fees”

    Summer 2023
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 443

    Abstract: In this brief summary of recent developments in banking, we look at two “junk fee” practices that the Consumer Financial Protection Bureau has deemed likely to be unlawful and discuss whether banks should amend their employee retirement plans in light of recent SECURE 2.0 Act of 2022 provisions.

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  • Don’t take government guarantees for granted – How to avoid jeopardizing your SBA loan guarantees

    Summer 2023
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 534

    Abstract: Banks that participate in U.S. Small Business Administration (SBA) lending programs must comply with all SBA requirements and standards to ensure that the government will honor its loan guarantees. This article explains that these loans allow banks that follow prudent lending practices to expand customer base, reduce risk, boost lending capacity (the guaranteed portion of these loans doesn’t count toward a bank’s legal lending limit), and improve liquidity (the guaranteed portion can be sold on the secondary market).

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  • How can financial due diligence support your loans?

    Summer 2023
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 721

    Abstract: Many currently problematic loans once looked good on paper — but now, aren’t worth the paper they’re printed on! This article points out that to ensure a bank doesn’t succumb to the lure of loans that seem to be — and are — too good to be true, it’s important to have a policy of conducting proactive due diligence practices from the start. It provides several steps to take and lists some common ratios that are useful in assessing risk. The article notes that due diligence is key in helping loan portfolios remain stable and profitable over time.

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  • In the wake of bank failures, expect increased scrutiny from regulators

    Summer 2023
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 863

    Abstract: The failures of Silicon Valley Bank and Signature Bank and the self-liquidation of Silvergate Bank in March 2023 served as wake-up calls for banking regulators and lawmakers. Although industry experts agree that steps must be taken to avoid similar failures in the future, they disagree over whether the solution is to implement stricter banking regulations or simply to improve oversight under existing regulations. This article suggests that, whatever the answer, banks can expect regulators to watch them more closely, particularly regarding capital, liquidity and interest rate risks.

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  • Bank Wire – Crypto-assets: Handle with care

    Spring 2023
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 401

    Abstract: In this brief summary of current trends in banking, we look at a statement just published by the federal banking agencies on crypto-asset risks to banking organizations and highlight a recent rule that requires banks to be prepared to report computer security incidents to federal regulators quickly.

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  • Strengthen your defenses – Preparing for ransomware attacks

    Spring 2023
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 649

    Abstract: In the past, smaller banks might reasonably have believed that cybercriminals would leave them alone, because larger institutions offered a bigger payoff. Recently, however, the trend has reversed. This article explains that cybercriminals are now targeting small banks, which they believe lack the wherewithal to protect against these attacks and have less robust internal controls than larger institutions. It suggests some protective measures community banks can take and stresses the importance of having a plan in place to reduce risk and mitigate potential damages.

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  • How to assess and deal with BSA/AML risks

    Spring 2023
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 674

    Abstract: Over the past few years, many people have turned to electronic banking (e-banking). While e-banking may be convenient, it also may increase the possibility of hidden criminal behavior. This article points out that compliance with Bank Secrecy Act/Anti-Money Laundering (BSA/AML) laws and regulations is increasingly scrutinized by banking regulators. It notes that this puts banks in the middle of a potentially difficult — even dangerous — situation, unless they develop strategies to both assess and handle any related risks.

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  • Should you outsource the internal audit function?

    Spring 2023
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 845

    Abstract: A solid internal audit program is one of the most effective tools a bank has to inspire confidence — among directors, investors, regulators and other stakeholders — in its financial processes and reporting practices. But many banks find it makes more sense to outsource the internal audit function, in whole or in part. This article offers some factors for banks to consider when deciding whether to outsource this function. A sidebar discusses how to manage third-party risk.

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  • Bank Wire – FDIC offers guidance on multiple NSF fees

    Winter 2023
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 417

    Abstract: This brief summary of the latest developments in banking looks at recent FDIC guidance to address the issue of multiple NSF fees, discusses an update to the FTC Safeguards Rule and notes that financial companies and institutions that fail to safeguard consumer data may violate federal consumer financial protection laws.

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  • Should community banks think about ESG initiatives?

    Winter 2023
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 602

    Abstract: An increasing number of organizations — including many banks — are embracing environmental, social and governance (ESG) initiatives. Although being a good corporate citizen may be its own reward, there’s evidence that responsible ESG practices may produce ample financial benefits. This article points out that banks might benefit from evaluating the ESG impact of their activities and considering ways to incorporate ESG practices and initiatives into their operations.

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  • True or false? Assess borrowers’ financial restatements

    Winter 2023
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 635

    Abstract: Occasionally, business owners or financial officers may determine that the business’s financial statements need to be revised or corrected. This article explains that when borrowers provide a bank with corrected or restated financial statements, the bank needs to be vigilant and double-check the numbers. It may be that the restatements simply correct an honest mistake. Alternatively, there may be fraud involved. The article highlights the importance of investigating the underlying cause of financial restatements to stay ahead of any potential problems.

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  • Monitoring and managing interest rate risk

    Winter 2023
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 900

    Abstract: For community banks, interest rate risk is a part of doing business, so banks need to monitor that risk and take steps to control it. This article notes that the “right” level of risk depends on several factors, including the size and complexity of a bank’s operations, as well as the sufficiency of its capital and liquidity to withstand the potential adverse impact of interest rate fluctuations. It also points out that managing interest rate risk is particularly important in light of recent rate increases.

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  • Bank Wire – New ACH rules issued for “micro-entries”

    Fall 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 432

    Abstract: In this brief summary of current issues in banking, we explain new ACH rule changes regarding micro-entries; discuss a proposal to modernize the Community Investment Act; and note that the Consumer Financial Protection Bureau has warned that the use of “black box” models doesn’t allow lenders to avoid their obligations under the Equal Credit Opportunity Act (ECOA).

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  • Is blockchain the future of banking?

    Fall 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 545

    Abstract: Blockchain, the technology behind Bitcoin and other cryptocurrencies, has been in the news a great deal in recent months. The uses of blockchain go well beyond cryptocurrency. This article points out that its potential benefits for banks have led many to believe that blockchain is poised to transform the industry. It explains how blockchain works and how it can be useful for a variety of banking functions.

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  • Stay on top of liquidity risk

    Fall 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 625

    Abstract: In an uncertain economy, with rampant inflation and other significant economic headwinds, it’s a good idea for community banks to ensure their loans are based on sound funding sources and that the degree of liquidity risk they’re carrying is reasonable and manageable for the foreseeable future. This article explains that banks need to have adequate procedures in place to mitigate risk and stay solvent through tough times.

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  • Managing transition risk – 8 tips for a successful succession plan

    Fall 2022
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 844

    Abstract: It’s critical for banks to develop a solid succession plan to manage transition risk. When key management personnel retire or leave unexpectedly, a succession plan helps ensure that the bank is prepared for the change and proactively addresses the vacancy. This article explains that a succession plan must be tailored to a bank’s size, complexity, location, culture, risk profile, product and service mix, management “bench strength,” and other characteristics. A sidebar discusses regulatory expectations regarding succession planning.

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