CBA
Showing 65–80 of 259 results
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Bank Wire – CECL: Banking agencies offer regulatory capital relief
Spring 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 419
Abstract: This summary of recent developments in banking discusses a recently finalized rule issued by the federal bank regulatory agencies offering banks relief from the regulatory capital impact of the new Current Expected Credit Loss standard. It also notes that setting a bring-your-own-device policy can enable a bank to control these devices and manage the risk associated with the rise of smartphone use by employees. Finally, it points out that federal bank regulatory agencies have approved a lengthened examination cycle.
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Federal Reserve focuses on emerging risks
Spring 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 587
Abstract: Late last year, the Federal Reserve released its inaugural Supervision and Regulation Report. The report is designed to summarize banking conditions and the Fed’s supervisory and regulatory activities. This article offers some highlights from the report, including the facts that the U.S. banking system is generally strong and loan growth remains robust. But the article states that some large financial institutions continue to work to meet supervisory expectations in specific risk management areas involving weaknesses in compliance, internal controls, model risk management, operational risk management and information technology infrastructure, among others.
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Staying ahead of the game – Review your real estate valuation program
Spring 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 732
Abstract: The value of real estate collateral typically is fundamental to the value of many loan portfolios. So it’s important to stay on top of real estate value fluctuations and obtain periodic appraisals according to the rules. This article points out that lenders should understand interagency guidelines, maintain program independence, use selection criteria for valuators and become familiar with appraisal standards. The article suggests that, to ensure real estate collateral is sound, it’s important to set up an effective, efficient and comprehensive review program.
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What does the new lease accounting standard mean for banks?
Spring 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 861
Abstract: The Financial Accounting Standards Board’s new lease accounting standard takes effect this year for public business entities — and fiscal years beginning after December 15, 2019, for other organizations. The new standard may affect banks in two ways: First, it will cause many customers’ balance sheets to swell, which may cause some customers to violate loan covenants. Second, it will have an impact on banks’ own balance sheets, which may affect their capital ratios. This article discusses the ins and outs of the new standard, while a sidebar explains how to add flexibility to loan covenants.