Industry Reports | Alabama Bank News

Breaking Down the Debate over Digital Assets

Breaking, Industry Reports

by Rob Nichols, American Bankers Association As I traveled the country this summer speaking at various state bankers association conventions, I’d always ask this question of my audience: How many of you have clients and customers that are asking you about cryptocurrencies and digital ...Read More

Compliance Q&A: Construction Loan Considerations

Breaking, Compliance Q&A, Industry Reports, Publications

Q. If the bank agrees to make an interim construction loan but the borrower has a takeout letter from another institution, is the bank required to send a permanent loan disclosure for informational purposes? A. As set out in the CFPB guidance below, whether ...Read More

Governor Ivey Appoints Hope Johnson to Alabama State Banking Board

Breaking, Industry Reports

Gov. Kay Ivey has appointed Hope Johnson to serve on the Alabama State Banking Board, representing Alabama’s 2nd Congressional District. “Banking and economic development have fueled our pursuit to strengthen Alabama’s economy,” said Gov. Ivey. “With Hope’s vast experience in various administrative positions, I am ...Read More

Fed: Banking System Remains Strong, Assessing of Fintech Risk Ramps Up

Breaking, Industry Reports

The banking system remained strong overall, with robust capital and liquidity and improved asset quality in the second half of 2021, according to the Federal Reserve’s latest supervision and regulation report released today. The Fed said that risk monitoring will continue for potential effects ...Read More

CRA Overhaul Proposed

Breaking, Industry Reports, Politics, Publications

On Thursday, the Federal Reserve, the FDIC, and the OCC issued a much-anticipated joint notice of proposed rulemaking to modernize regulations implementing the Community Reinvestment Act. The agencies proposed changes to how CRA activities qualify for consideration, where activities are considered and how they ...Read More

Push to Repeal Durbin

Breaking, Industry Reports, Politics

Ahead of the hearing in the Senate Judiciary Committee on credit and debit card interchange fees, the American Bankers Association joined a broad coalition of national industry groups to communicate to lawmakers the serious flaws of interchange regulations and push back against efforts to ...Read More

The CFPB: A Regulator Gone Rogue

Breaking, Industry Reports, Legal, Politics

By Rob Nichols, American Bankers Association Since arriving at the Consumer Financial Protection Bureau last October, Director Rohit Chopra has been busy. Under his leadership, the CFPB has issued nearly 60 press releases as well as multiple reports and blog posts, many critical of ...Read More

Compliance Q&A: CRA Community Development Credit Considerations

Breaking, Compliance Q&A, Industry Reports, Publications

Q. We have a designated disaster area close by and were wondering which activities in these areas would qualify for CRA Community Development? A. There are a variety of activities relating to designated disaster areas (DDA) that may qualify. Loans, investments/donations, and services that ...Read More

CFPB Report Highlights Reliance on Community Banks in Rural Areas

Breaking, Industry Reports

In a data snapshot published Tuesday, the CFPB highlighted some of the unique challenges facing rural Americans, including an increased reliance on physical bank branches, given the limited access to high-speed internet and online banking options in many of these communities. The CFPB noted ...Read More

State Associations and the American Bankers Association Challenge CFPB on Fees Inquiry

Breaking, Industry Reports

The Alabama Bankers Association joined the American Bankers Association and fifty other state trade associations in challenging the CFPB in an extensive letter on Monday regarding a recent request for information on fees associated with financial products and services offered by banks including overdraft ...Read More

Industry Reports Archive