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Financial Institutions Alert

Remote Deposit Capture was launched by USAA in 2006 in order to allow users to scan checks remotely and transmit the scanned images and ACH-data to financial institutions for posting and clearing.


Financial Institutions Alert

Community bank risk managers should start to worry about the negative effects of retailers' commercial real estate.

 


Financial Institutions Alert

For the first time in a while, community bankers heard something new: The Federal Reserve has stuck to its forecast of rate hikes for 2017 with another quarter point increase in the key short-term interest rate.

 


Financial Institutions Alert

When President Trump speaks, we listen. Or at least we will hear about it on the news, online or through our networks.

 


Financial Institutions Alert

Paramount to community financial institutions and their executive management teams is the time and cost burden associated with regulatory compliance. Will the new Presidential administration impact your communicate institution?

 


Financial Institutions Alert

On March 1, 2017, requirements to significantly enhance cybersecurity programs will take effect.

 


Financial Institutions Alert

As everyone in the financial institution industry is knee-deep in its analysis of the new Current Expected Credit Loss ("CECL") model guidance issued by the Financial Accounting Standards Board ("FASB") in June 2016, the questions on every financial institution's finance team are: "What model should I use?" and "What data do I need?"

 


Financial Institutions Alert

A potential convergence of multiple negative trends in the commercial real estate market could create added volatility as slowing growth in China, depressed oil prices and debt maturities threaten to reduce U.S. commercial real estate prices by as much as five percent during the next year.

 


Financial Institutions Alert

The results of the recent American Banker/Reputation Institute Survey of Bank Reputations showed that in the reputation rankings of banks �large, regional and nontraditional- large banks come in third place in the overall rankings.

 


Financial Institutions Alert

At a time where costs are rising and margin pressure continues to grow, certain institutions consistently perform above the rest. These top performers have specific common characteristics that drive their success. All of these common characteristics relate to the leadership and culture that management creates within the institution.

 


Financial Institutions Alert

A recent FICO survey revealed that 29 percent of millennials will move their money out of a financial institution that has experienced a fraudulent incident. This percentage was higher than older generations.

 


Financial Institutions Alert

As with most industries, advancements in technology and consumer habits have been changing the landscape in which financial institutions engage and provide services to their customers.

 


Financial Institutions Alert

As employment growth rises and the economy appears to be back on track, Janet Yellen, Federal Reserve Chair, continues to see interest rate hikes coming in 2016.

 


Financial Institutions Alert

The day of reckoning for financial institutions is upon us.  On Friday, June 16, 2016, the FASB issued the most substantial change to financial institution accounting in many years

 


Financial Institutions Alert

I came across this article with real-life examples a day before seeing Eastern Bank's retiring CEO appear in a TV commercial about the impact of data breaches and identity theft on community banks and their customers.

 


Financial Institutions Alert

Regulatory agencies have clarified the expectations for the use of evaluations instead of appraisals to estimate a property's market value for certain real estate related transactions.

 


Financial Institutions Alert

The FDIC, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Securities and Exchange Commission and the Commodity Futures Trading Commission (together referred to as "the Agencies") have issued a Financial Institution Letter discussing the "Volcker Rule" under the Dodd-Frank Act.

 


Financial Institutions Alert

As community bankers to find the most effective and efficient way to communicate with and attract Millennial customers today and in the future, social media continues to forge to the forefront.

 


Financial Institutions Alert

The Financial Accounting Standards Board ("FASB") is considering a new loan-loss reserve model, which would require banks to set up an allowance for estimated losses at loan origination instead of when default is considered probable.

 


Financial Institutions Alert

It's amazing that our nation is still talking about this issue post Dodd-Frank, but it's front-and-center in the fight for the democratic presidential nomination with Bernie vowing to come down hard on Wall Street, and Hillary defending her acceptance of campaign contributions.

 


Financial Institutions Alert

As we continue to see increased focus and closings of commercial real estate ("CRE") loans in an attempt to increase yields within the financial institution industry, what will be the fallout from the regulators?

 


Financial Institutions Alert

Community Banks can benefit from a strategy typically associated with large international entities. Best Shared Service Centers are being used by effective management teams who can problem solve their way to higher profits.

 


Financial Institutions Alert

In an age of increasing focus and scrutiny on cyber security, personal information security and overall information technology security within the financial institutions industry, any measure that can provide assurance to an institution's customer is priceless.

 


Financial Institutions Alert

Banks merging is not a new concept. However, the economy, regulations and technology surrounding the banks of today have many new concepts. As a result, banks that once fought the idea of giving up their independence, have found they must adapt and change in order to continue.

 


Financial Institutions Alert

It has become tougher than ever for community banks to raise capital. Collateralized Debt Obligations ("CDO's") are a new option that would allow community and regional banks to work together to raise capital at a low cost.

 


Financial Institutions Alert

Regulatory oversight certainly has its place, but examinations can be burdensome to many institutions, particularly small, well capitalized and well managed ones.

 


Financial Institutions Alert

Every Company and Institution around the globe has consultants that are hired to provide "independent" advice and meetings full of "yes" men.

 


Financial Institutions Alert

Banks today appear to be under siege from new technology, nonbanks offering lending products and the unbundling of banking services. Ultimately these nonbank singular service line businesses get hit with losses, lack liquidity to continue to grow, get acquired by big banks or begin to diversify into other banking products (i.e. deposits).

 


Financial Institutions Alert

As community institutions push for increases in CRE lending in an attempt to obtain higher yields, the risk management practices associated with a CRE portfolio come into focus.

 


Financial Institutions Alert

Interest rates are the topic of the times including whether they are going to rise, fall or remain the same. Subsequent to the rate hike on December 16, 2015, the S&P 500 has fallen approximately 9.5% including a substantial decline in oil prices (16%).

 


Financial Institutions Alert

The Federal Deposit Insurance Corporation's ("FDIC") Board of Directors has issued a Notice of Proposed Rulemaking ("NPR") to revise the NPR previously issued in June 2015 in order to address the deposit insurance assessment system applicable to institutions with less than $10 billion in assets.

 


Financial Institutions Alert

We continue to hear the impending doom that is the CECL Impairment Model and how it will impact financial institutions

 


Financial Institutions Alert

Millennials have been raised in an environment of instant gratification and their expectations are no different in the financial services sector.

 

 
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