Home2017November 2017 - Young & Associates, Inc.

November 20, 2017

By: Tommy Troyer, Executive Vice President I have been writing about CECL in this newsletter and providing CECL educational programs to community banks for several years. The overall theme I’ve tried to communicate in all of these settings has been: CECL is manageable for community banks, but it requires planning and preparation starting now. I’m...

November 20, 2017

By: Mike Lehr, Human Resources Consultant About this time last year, the topic of website accessibility and accommodation under Title III of the Americans with Disabilities Act (ADA) hit the community banking industry with full fury. Since that time both banks and service providers have upped their game. So, now is a good time for...

November 20, 2017

By: Mike Detrow, CISSP, Senior Consultant and Manager of IT As the recent Equifax breach illustrates, failing to remediate known vulnerabilities in a timely manner can have significant consequences. In the case with Equifax, reports indicate that a patch was issued approximately two months prior to the May 2017 breach for the vulnerability that was...

November 20, 2017

ComplianceCFPB Amends HMDA Rule

By: William J. Showalter, CRCM, CRP; Senior Consultant The Consumer Financial Protection Bureau (CFPB) issued a final rule making several technical corrections and clarifications to the expanded data collection under Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The regulation is also being amended to temporarily raise the threshold at which banks are...

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