Alabama Bank News

Time’s Up: Congress Must Stop Credit Union Purchases of Taxpaying Banks

by Rob Nichols, American Bankers Association After tapering off during the pandemic, the trend of credit unions buying taxpaying
Compliance Q&A: TISA Disclosures and Regulation DD

Q: We are in the process of changing our TISA disclosures and are going to be sending out the
Q: (CAN-SPAM): When sending unsolicited emails to non-customers, for purposes of CAN-SPAM Act, can the “from” line contain a
Supreme Court Update for Banking and Financial Services Professionals

by Charles W. Prueter At least once a day, I answer my phone only to be greeted by “Heather

Time’s Up: Congress Must Stop Credit Union Purchases of Taxpaying Banks

Breaking, Industry Reports

by Rob Nichols, American Bankers Association After tapering off during the pandemic, the trend of credit unions buying taxpaying community banks is back—and credit unions are becoming more aggressive than ever in their pursuit of acquisition targets. The first half of 2021 has already ...Read More

Compliance Q&A: TISA Disclosures and Regulation DD

Breaking, Compliance Q&A, Publications

Q: We are in the process of changing our TISA disclosures and are going to be sending out the updated disclosures soon. We are going to make sure to send out the notices at least 30 days before the effective date of any changes, ...Read More

Breaking, Compliance Q&A, Publications

Q: (CAN-SPAM): When sending unsolicited emails to non-customers, for purposes of CAN-SPAM Act, can the “from” line contain a loan officers name, instead of the entity sending the email; or must the “from” line disclose both the sender individually and the organization? A: The ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Legal, Publications

by Charles W. Prueter At least once a day, I answer my phone only to be greeted by “Heather from account services” or someone alerting me that the “warranty on your vehicle is about to expire.” (The warranty on my car expired 4 years ...Read More

Breaking, Compliance Q&A, Industry Reports, Publications

Q: A borrower passed away, leaving the property to her daughter. The borrower’s outstanding debt remains, and the daughter applied for a loan to pay off the debt. With respect to HMDA requirements, what type of loan is the daughter applying for? A: This ...Read More

Compliance Q&A: Returned Check & Social Security Benefits

Breaking, Compliance Q&A, Publications

Q: A customer deposited a check into a savings account, the funds from which were made available, and then transferred the funds into a savings account. The savings account receives social security benefits. The check is now being returned. Can the bank exercise the ...Read More

It is Time to Think About M&A

Board Briefs, Breaking, Publications

by Michael S. Murphey, Porter White & Company M&A is Back Say what you will about 2020, Alabama’s banking system changed on a dime to meet the needs of our clients and local economies. Think about it. Branches closed, digital services grew, employee and ...Read More

Fair Lending, CRA, Diversity and Inclusion in Bank M&A

Board Briefs, Breaking, Politics, Publications

by Wes Scott and Richard Hills As a result of the COVID-19 pandemic, bank merger activity in 2020 was down substantially from the previous year. However, a significant change of course is expected in 2021 and 2022 based upon the general health and capital ...Read More

Compliance Q&A: NACHA and Reg E

Breaking, Compliance Q&A, Publications

Q: What is the line between relying on the National Automated Clearing House Association (NACHA) warranty and Regulation E requirements in resolving disputes unauthorized transaction disputes? A: Regulation E and NACHA are two requirements that while each govern electronic transactions, run parallel to each ...Read More

Capitol Notes: Regular Session Ends

Breaking, Capitol Notes, Industry Reports, Legal, Politics, Publications

The 2021 Regular Session of the Alabama Legislature ended its 30th and final legislative day at 11:59 p.m. on Monday, ending one of the more unusual sessions in recent memory. In typical fashion, the last legislative day was full of high drama in both ...Read More

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