Breaking Archive

by Michael Murphey Overview In December 2020, the FDIC produced a staff study entitled Economies of Scale in Community Banks which concluded community banks generate 90% of potential efficiency gains when a bank’s loan portfolio reaches $300 million and continue to accrue cost savings ...Read More

By Elizabeth Brusa, Chris Hawkins, and Alex Dugan, Bradley On Dec. 9, Congressional Democrats, including Elizabeth Warren (D-Mass.) and Jerrold Nadler (D-N.Y.), proposed sweeping legislation that would overhaul consumer bankruptcy law. The proposed changes, if adopted, generally would make it easier for consumers to ...Read More

by Mag Bickford and Chase Stoecker In the time of Coronavirus, with many municipalities implementing restrictions on business and individual activity, banks may currently allow employees to work remotely to the greatest extent possible. However, given the nature of the business, many bank managers ...Read More

by Mike Murphey, Porter White & Company COVID has accelerated change in our economy, and banking is no exception. We all know the issues: (i) declining Net Interest Margin, (ii) the need to reduce costs and grow fee income, (iii) a potential shift from ...Read More

By Heather Howell Wright and Austin Holland On Nov. 23, the U.S. Department of Housing and Urban Development (HUD)  published in the Federal Register a proposed amendment to Federal Housing Administration (FHA) regulations that would allow lenders to accept private flood insurance policies on ...Read More

Question: We have a cardholder who gave her boyfriend her debit card to hold onto for her. He ended up making some purchases and now she is calling the bank to see if she can dispute these items? She never gave him permission to ...Read More

by Wes Scott and Kevin Tran As 2020 mercifully nears its end, it’s safe to say that we’re living in uncertain times in which volatility seems to be the norm rather than the exception. Currently, we are navigating the aftermath of an extremely contentious ...Read More