Alabama Bank News

Question: I have a loan officer who issued a loan estimate that predates the application date by 1 day. While I don’t believe this to be best practice, I’m not certain whether it’s also a violation of regulation. Can someone please confirm? Answer: Assuming the required ...Read More

by Charles W. Prueter, Waller The benefits of arbitration to frequent and experienced litigants are widely known. For example, discovery generally is more limited, the length of the entire proceeding typically is shorter, the information at the center of the dispute more easily remains ...Read More

by Nancy A. Bush, CFA, NAB Research, LLC for Banks Street Partners, LLC LIFTOFF – FINALLY? Was this finally it—the quarter which we had long awaited? Was this the quarter when the optimism that had been expressed for months by bank CEOs finally became ...Read More

By John Berteau, Associate General Counsel For banks, environmental risk management addresses concerns about the present by looking into the past and gazing into the future. A good environmental risk policy looks to the past to identify existing environmental liabilities before making loans secured ...Read More

By Kelly Flynn, John M.Floyd & Associates From Thanksgiving Day through Black Friday and Cyber Monday in 2017, more than 174 million Americans shopped in stores and online, spending an average of $335 per person. They saved maybe $50 here or $100 there. And that’s great for ...Read More

Question: Under Reg. DD, if a time account product is advertised generally is there a requirement to provide the term for CDs if a specific CD product is not advertised, and instead, simply that time accounts are among products offered? Answer: No, you’re not ...Read More

by Fob H. James, IV, Burr Forman Mobile devices are widely used by employees of banks for good reason. They facilitate efficiency and productivity by allowing employees to work and communicate on the go; however, there is always a catch. The downside of authorizing ...Read More