Industry Reports Archive

by Rob Nichols, American Bankers Association President & CEO As impossible as it is to believe, we have been living in a global pandemic for an entire year. What began as a headline from a distant corner of the world quickly became a worldwide ...Read More

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

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 Sarah Edwards, McGlinchey What’s up and coming around the corner for the payments industry? Below we discuss three areas of innovation in payments that banks should be monitoring: the Real Time Payments Network, the FedNow Service, and the OCC Payments Charter. Real Time ...Read More

Q: Can the bank convert a HELOC that is getting close to its maturity date into a closed-end, amortizing loan without requiring TRID disclosures? A: Unfortunately, no–if during the loan term a HELOC is converted from open-end credit to closed-end credit, that would trigger ...Read More

by Rob Nichols Is racism baked into our nation’s systems of justice, health and education, or are there disproportionate correlations between race, poverty and crime? Are people too quick to accuse others of racism, or are those in positions of power too slow to ...Read More

MONTGOMERY, Ala., May 22, 2020 — The oddest session of the Alabama Legislature in recent memory, if ever, adjourned on Monday. Disrupted by the coronavirus pandemic, more than half of the actual working days of the session were conducted in a State House closed ...Read More