CBA

Showing 33–48 of 259 results

  • 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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  • Bank Wire – CFPB issues guidance on unauthorized EFTs

    Fall 2021
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 425

    Abstract: This brief summary of recent trends in banking highlights Consumer Financial Protection Bureau answers to FAQs on unauthorized electronic fund transfers and discusses a Federal Reserve tool that simplifies CECL implementation. It also notes the OCC’s intention to rescind a 2020 Community Reinvestment Act rule.

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  • Maintaining internal controls in a post-pandemic environment

    Fall 2021
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 516

    Abstract: Internal controls are the lifeblood of a bank’s risk management system. Weak or ineffective controls can lead to operational losses and expose a bank to a higher risk of fraud. This article points out that as we continue to recover from the COVID-19 pandemic, banks need to assess the pandemic’s impact on their internal control systems and make appropriate adjustments.

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  • Keep your customers satisfied

    Fall 2021
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 591

    Abstract: Over the past few years, community banking has withstood rapid technological changes, unprecedented economic challenges during a pandemic and new demands from its customer base. This article explains that to maintain profitability amidst all this turmoil, banks need to ensure that they retain their existing customers. This article suggests three fundamental questions to help improve customer satisfaction and retention.

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  • UDAAP resurfaces – Is your bank in compliance?

    Fall 2021
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 886

    Abstract: During the COVID-19 pandemic, many banks changed the way they do business by reducing lobby hours, closing branches, and relying more on mobile banking apps and online transactions. This article notes that in light of recent Consumer Financial Protection Bureau changes signaling a return to more aggressive enforcement, it’s a good idea for banks to review their unfair, deceptive or abusive acts or practices (UDAAP) compliance policies and update them to reflect current business practices.

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  • Bank Wire – Fed provides LIBOR transition guidance

    Summer 2021
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 459

    Abstract: This brief summary of current developments in community banking discusses LIBOR transition guidance that the Federal Reserve recently issued and notes the reintroduction of the SAFE Banking Act in Congress. It also explains that the federal banking agencies are seeking information about how financial institutions are using artificial intelligence in their activities. Finally, it lists some consumer protection recommendations put out by the CFPB’s Taskforce on Federal Consumer Financial Law.

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  • Has COVID-19 hurt your Community Reinvestment Act rating?

    Summer 2021
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 601

    Abstract: The COVID-19 pandemic has had a significant impact on community banks and their customers, but one area that is often overlooked is the potential impact on a bank’s Community Reinvestment Act (CRA) rating. This article notes that to mitigate the risk of receiving a poor CRA rating, a bank should identify and document the various factors — both bank-specific and community-specific — that influence its lending ability.

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  • The pros and cons of asset concentration

    Summer 2021
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 641

    Abstract: The purpose of community banks is to serve their particular communities and the industries that fuel those local economies. This can lead to potential risk, including losses, if assets become concentrated in an industry that is struggling. This article points out that there are pros and cons to asset concentration — the key is to understand how to keep the right balance.

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  • Time to revisit your AML program

    Summer 2021
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 879

    Abstract: The COVID-19 pandemic has impacted anti-money laundering (AML) compliance in many ways. It has increased risks, changed the behavior of bank customers, and accelerated implementation of online account opening and other technologies. This article suggests that in light of these changes, all banks should evaluate their AML programs, starting with a risk assessment. A sidebar looks at the Biden administration’s increased prioritization of compliance with the Anti-Money Laundering Act of 2020.

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  • Bank Wire – CAA provides COVID-19 relief for banks

    Spring 2021
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 431

    Abstract: This summary of recent developments in banking discusses some bank-specific relief provided by the Consolidated Appropriations Act (CAA). It also highlights several other CAA-related developments relevant to banks, including the SBA’s guidance for Paycheck Protection Program (PPP) loans and the CAA’s simplification of the PPP-related loan forgiveness application. In addition, it notes the recent announcement that the Federal Reserve Board intends to work with other banking agencies to develop a fintech vendor due diligence guide for community banks.

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  • Online account opening: Managing the risk

    Spring 2021
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 578

    Abstract: Banking customers increasingly rely on electronic banking tools to open accounts, make deposits, transfer funds and otherwise manage their money — and the COVID-19 pandemic has accelerated this trend. This article points out that all of these activities increase an institution’s Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance risks, particularly the opening of online accounts.

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  • Should your bank use third-party vendors?

    Spring 2021
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 715

    Abstract: In the uncertain economy resulting from the COVID-19 pandemic, community banks continue to streamline operations, improve efficiency and eliminate waste. This article points out that to help in this process, banks are increasingly turning to outside vendors to provide specialized services beyond the usual offerings. It also explains that to use third-party vendors successfully, it’s important for banks to evaluate liability and assess risk.

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  • 5 tips for fair lending compliance

    Spring 2021
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 845

    Abstract: Community banks need to develop and follow fair lending practices. This article summarizes some of the important provisions of the main laws that govern fair lending, such as the Fair Housing Act and the Equal Credit Opportunity Act. It then offers five tips to help a community bank create an effective compliance program, including conducting a risk assessment and developing a written policy. A sidebar explains that a useful source of guidance on fair lending compliance is the Interagency Fair Lending Examination Procedures used by federal financial agencies.

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