November 10, 2016

What Does the Trump Presidency Mean for Banks?

At approximately 2:30 a.m. EST Wednesday, Donald Trump took a conciliatory call from Hillary Clinton and began his speech to accept the position as the 45th President of the United States of America.

This morning, across the country, people woke to the news and a gnawing feeling in the pit of their stomach. Regardless of which candidate got our vote and whether we are feeling a sense of victory or defeat, we all share two questions—what does this mean and what is ahead for us? The reality is that we can’t know until we’re able to look back in hindsight.

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Topics: Regulations, Healthcare Reform Trump

October 19, 2016

5 Ways the CFPB Constitutionality Ruling Impacts Banks and Consumers

By now, you may have heard that the U.S. Court of Appeals for the D.C. Circuit declared that Congress had taken unconstitutional action with the Consumer Financial Protection Bureau (CFPB) and introduced a swath of changes that stand to impact providers and consumers in numerous ways. The court's decision puts the CFPB directly under the control of the White House. Currently, the CFPB operates as an independent agency. There are arguments on both sides of that coin, some saying that the autonomy provides necessary stability for the U.S. economy and others saying that it offers a dangerous lack of checks and balances.

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Topics: Regulations, CFPB

September 28, 2016

7 Changes in the Financial CHOICE Act that Will Change Banking

As the 2016 Presidential debates begin in earnest, scrutiny is intensifying around a number of issues that will have a significant impact on banks. One of these is the possible repeal of the Dodd-Frank Wall Street Reform and Consumer Protection Act (aka Dodd-Frank).

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Topics: Regulations

April 14, 2016

Is Your Regulatory House in Order? Here's What You Need to Do.

As public banks and companies continue to grow, whether through mergers and acquisitions or organically, it’s not unusual for them to forget about important regulations.

In this blog, we wanted to focus on the requirements of the Securities and Exchange Commission (SEC) that require companies to provide an annual report on internal controls for their fiscal year end.[1] In particular, these internal control report requirements impact accelerated and large accelerated filers.[2]

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Topics: Regulations, SEC

February 18, 2016

What Does Interest Rate Uncertainty Mean for Banks?

In December, everyone was talking about the first interest rate increase in almost a decade.  As part of its announcement, the Federal Reserve identified the current economic environment as “the end of an extraordinary period,” and said the rate hike was designed to be a “liftoff.” They predicted additional rate increases in 2016 and a period of strengthening economy.

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Topics: Regulations, Federal Reserve

February 10, 2016

What Banks Need to Know About the Proposed CECL Standard

Last week, a group of community bankers from the Independent Community Bankers of America (ICBA) and representatives from the American Bankers Association (ABA) met with the Financial Accounting Standards Board (FASB) to discuss concerns about the upcoming impairment standard on credit losses. The meeting came partly as a result of two years of requests from the ABA to consider the implications of accounting changes on community banks.

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Topics: Regulations, FASB, CECL

January 13, 2016

What the January 2016 FASB ASU Means for Banks

“The new standard is intended to provide users of financial statements with more useful information on the recognition, measurement, presentation, and disclosure of financial instruments. It improves the accounting model to better meet the requirements of today’s complex economic environment.”

FASB Chairman Russell G. Golden / January 5, 2016


On January 5, the Financial Accounting Standards Board (FASB) issued a new Accounting Standards Update (ASU) – the Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. According to FASB, the update is intended to improve the reporting model for financial instruments, giving users of the financial statements with more practical information. The ASU mandates a number of items that affect banks, with implementation set for 2017 for public companies and 2018 comprehensively.  

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Topics: Regulations, FASB

April 09, 2015

Four Attributes of an Effective Bank Board

Recent news confirms what many banks already know – that federal regulators have intensified their scrutiny of boards. From the nation’s largest institutions to boards of small banks, topics of corporate governance and the role of directors increasingly are the targets of heightened focus.

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Topics: Regulations, Leadership

March 19, 2015

How are Chess and ALTA Best Practices Alike?

In chess, each player must strategize the exact right moves to defeat the opponent. Getting to make the first move may be the greatest advantage. In business, as in chess, first movers often gain momentum by grabbing market share before others get into the market.

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Topics: Bank Trends, Regulations

February 18, 2015

Two Ways Banks Can Have a Successful OREO Party

Ask any banker to name the thorns in their side, and chances are they’ll come up with a few usual suspects, like regulatory compliance and its increasing costs. Since the Great Recession, Other Real Estate Owned (OREO) has earned a spot among those familiar thorns.

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Topics: Bank Trends, Regulations

August 14, 2014

Are your S Corporation’s Tax Distributions at Risk?

It seems every time you turn around, there is a new regulation creating unique opportunities, challenges and risks for banks. The new Basel III capital rules are no different, and for S corporations the capital conservation buffer could have a significant impact on future tax distributions.

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Topics: Regulations

June 19, 2014

Who Owns Your Tax Refund?

Are you among the multitude of banks that have faced the question “Does our tax refund belong to the bank or holding company?” Well, on Friday, June 13, Federal regulators issued final supplemental guidance on income tax allocation agreements involving holding companies and insured depository institutions. The issuance represents regulators’ efforts to eliminate confusion and bring closure to the debate around the ownership of tax refunds. 

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Topics: Regulations, Tax

June 13, 2014

Interest Rate Risk - Burden or Opportunity?

Interest rate risk presents a unique challenge for the banking industry in today’s economy. The questions that most frequently arise are when will we actually experience a rising rate environment and how will interest rates react in the meantime?

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Topics: Risk Assessment, Regulations