Breaking | Alabama Bank News

New Report Examines Banks’ Use of Social Media

Breaking, Industry Reports, Tech News

More than eight in 10 banks (84 percent) believe social media is important to their institution and 87 percent are very or somewhat active on their social media accounts, according to a new report released today by the American Bankers Association. The State of Social ...Read More

COMPLIANCE Q&A: SCRA and Proof of Military Service

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Question: For SCRA purposes, if a customer we know has been called into service comes into the bank to lower their rate, does the bank have to require proof of military service? Answer: No – there is not an actual requirement to collect or ...Read More

COMPLIANCE Q&A: Commercial Loans & HMDA Reporting

Breaking, Compliance Q&A, Industry Reports, Publications

Question: We have a commercial loan transaction where the borrower is purchasing a commercial building and repurposing it into 18 residential condos. Is this loan HMDA reportable? Answer: Unfortunately, the regulation does not specifically address the situation of a non-residential building is being ...Read More

Supreme Court Update for Banking and Financial Services Professionals

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by Charles W. Prueter, Waller A young man from Chicago by the name of John Paul Stevens enlisted in the U.S. Navy on December 6, 1941. Pearl Harbor was attacked the next day, and he served the country throughout World War II. He returned ...Read More

Compliance Q&A: POS Transaction Dispute

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Question: If a consumer is disputing a POS transaction and it is not fraud (i.e. merchandise never received, service canceled, and company debited account or any other reason than a fraud transaction), are we required under Reg. E to give provisional credit while we ...Read More

Amplify your understanding of commercial lending activity and opportunity

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As a partner of your state banking association, we want to share with you some new and exciting ways we help our clients. Recent commercial real estate (CRE) lending trends indicate increased investment in vacant and industrial land. As the U.S. retail landscape shifts ...Read More

Summary of Act 2019-284, the Financial Institution Excise Tax Reform Act

Board Briefs, Breaking, Industry Reports, Legal, Publications

by Bruce Ely and Jimmy Long, Bradley EDITOR’S NOTE: In May of 2018, at the request of the Alabama Department of Revenue (“ADOR”), the Alabama Bankers Association (“ABA”) established a working group of tax experts to study ways to modernize and clarify the statutes ...Read More

Compliance Q&A: Multi-account, Multi-business CTR

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Question: John Doe owns 3 different stores. A store clerk of one of the businesses made all the deposits with one teller at one time. All three of the organizations are operated independently of one another: A corp. acct. # 12345 had a cash-in ...Read More

Trust Issues: Alabama Banks Could Be Impacted by Recent Tennessee Legislation

Board Briefs, Breaking, Publications

by Aaron Flinn, Waller For banks with significant trust activities or banks that are considering expansion into new markets, recently passed legislation in Tennessee provides significant benefits that are currently only permitted in Tennessee and South Dakota. Specifically, Tennessee law now permits the creation ...Read More

Compliance Q&A: Flood Insurance

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Question: We have a situation where a commercial borrower is purchasing two commercial properties that are in a flood zone. His insurance agent stated that he cannot purchase flood insurance on the properties in question until he owns the properties. We are doing the ...Read More

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