Home2016May 2016 - Young & Associates, Inc.

ComplianceThe World of Overdraft

By: Bill Elliott, CRCM, Senior Consultant and Manager of Compliance For some time now, I have been saying in seminars that the federal government will not rest until there are no overdraft fees. On February 3, 2016, the Consumer Financial Protection Bureau (CFPB) stated that they wish to improve checking account access. They sent a...

By: Stephen Clinton, President, Capital Market Securities, Inc. Market Update – Slow Liftoff Following its first rate increase in almost a decade in December, the Fed has decided to proceed cautiously on future rate increases. At the Fed’s meeting in March, the Fed held rates unchanged. The minutes of the March meeting indicated that there...

By: Martina Dowidchuk, Senior Consultant Does your liquidity management meet the standards of increased regulatory scrutiny? What was once deemed acceptable is gradually coming under a more rigid review, and financial institutions need to be prepared to show that their liquidity risk management is keeping pace with the latest changes in funding dynamics and is...

By: Debra L. Werschey, Consultant and Manager of Secondary Market Services With the industry increasingly focusing on quality in the loan origination process, lenders’ quality control (QC) programs are more important than ever. Is your QC program effective in meeting Fannie Mae’s and Freddie Mac’s requirements and mitigating post-purchase risk? Increasing Industry Regulation The mortgage...

By: Tommy Troyer, Executive Vice President Those who have been following the Financial Accounting Standards Board’s (FASB) nearly decade-long effort to revamp the accounting rules impacting the recognition of impairment on financial assets (and thus how community banks determine the level of their ALLL) have heard for years that the project was nearing completion. While...

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