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May 18, 2016

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...

May 18, 2016

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...

May 18, 2016

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...

May 18, 2016

By: Debra L. Werschey, Consultant and Manager of Secondary Market Services Banks and other financial institutions face increased focus on quality control of the loan origination and closing process. Lenders’ quality control programs are more important than ever. Our Quality Control services help ensure your quality control program is effective in meeting Fannie Mae, Freddie...

May 18, 2016

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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