Home2016November 2016 - Young & Associates, Inc.

November 10, 2016

By: Mike Detrow, CISSP, Senior Consultant and Manager of IT As part of its continued focus on cybersecurity, the Federal Financial Institutions Examination Council’s (FFIEC) September 2016 Information Security Handbook emphasizes the need for institutions to implement procedures for obtaining, monitoring, assessing, and responding to evolving threat and vulnerability information. Institutions have typically implemented a...

November 10, 2016

By: Stephen Clinton, President, Capital Market Securities, Inc. Market Update The current expansion began in June 2009 and has now continued for 88 months, making it the fourth longest period of growth since the data has been recorded. The third quarter growth in the U.S. economy was 2.9%. A tight job market, increasing wages, and...

November 10, 2016

LendingAg Lending in 2017

By: Bob Viering, Senior Consultant In our loan review practice, we have an opportunity to work with ag banks throughout the Midwest. In general, our findings are similar to what you may have read from many ag economists. Working capital is dwindling quickly, and the debt to asset ratio is increasing as is short-term debt....

November 10, 2016

By: Tommy Troyer, Executive Vice President A look back over recent issues of the 90-Day Note, or a more general scan of industry news and regulatory comments, would reveal the industry’s focus on underwriting standards and possible industry-wide changes in underwriting standards over the last several years. As we have noted previously, for any individual...

November 10, 2016

ComplianceNew Prepaid Rule

By: Bill Elliott, CRCM, Senior Consultant and Manager of Compliance On October 5, 2016, the CFPB issued a final rule amending Regulations E and Z to create comprehensive consumer protections for prepaid financial products. The result of this rule is that many of you may not continue to offer these accounts, and those of you...

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