Did the OCC rush the...

On May 20, 2020, the Office of the Comptroller of the Currency (OCC) issued a final rule on the Community Reinvestment Act (CRA) despite over 7,000 comments received that were not in favor of the new rule. FDIC…

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Private Bank Stock Transactions

2020 has been marked by extreme volatility in the market for public stocks. As a private bank, this is more than a passing interest. When privately owned banks have a need to transact their shares, setting a fair…

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FinCEN Releases Guidance for Providing...

On June 29th FinCEN released guidance for financial institutions to address questions related to BSA regulatory requirements for hemp-related businesses. The guidance is intended to enhance the availability of financial services for, and the financial transparency of, hemp-related…

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New Virtual Conference Options for...

The Affiliation Program team is pleased to announce that a new virtual conference option will be available this fall.  Earlier this year when the COVID-19 crisis began, we were able to provide some complimentary online content to members…

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New: Streamlining Sessions for Affiliation...

Since most of the country continues to be under stay-at-home orders due to the COVID-19 pandemic, The Affiliation Program team has been working diligently to bring new complimentary online sessions to our membership.  We are fortunate that technology…

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Thinking of Moving to Electronic...

With current events leading to increased remote work/telecommuting, many financial institutions that have not yet converted their credit and other files from paper to electronic are considering making the change.  There are a number of benefits in doing…

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Hot Off the Presses –...

Amidst all of the recent regulatory issuances providing guidance during the COVID-19 pandemic, compliance stakeholders likely saw the CFPB’s April 1st issuance.  In the Bureau’s communication, they provide guidance on credit reporting during the pandemic, as addressed by…

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An Abusive Act or Practice:...

While compliance stakeholders have several different regulations to juggle, they also need to be on the lookout for acts or practices that are unfair, deceptive or abusive.  As those concepts of UDAAP can sometimes be elusive, the industry…

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Expanding Beyond the Traditional DSCR...

Most Bankers are very comfortable with the use of a Debt Service Coverage Ratio (“DSCR”) when evaluating a CRE transaction. Simple enough – is the cash flow as calculated sufficient to meet the required debt payments plus some…

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Rebranding the Compensation Committee

Sheshunoff Consulting + Solutions Editor’s Note:  In this month’s newsletter, we are pleased to share a recent article written by one of our CEO Affiliation Program facilitators, Alan J. Kaplan of Kaplan Partners.  Alan’s article was previously published…

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