Recently, the Federal regulatory agencies issued updated Frequently Asked Questions on the new accounting standard for credit losses, Current Expected Credit Losses (CECL). The new standard will take effect in 2020, 2021 or 2022 depending…
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The FDIC has issued a new Financial Institution Letter (FIL) FIL-19-2019 . This FIL discusses examiner observations about gaps in financial institutions’ contracts with technology service providers that may require financial institutions to…
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No, I didn’t spell some people’s favorite pastime wrong (fishing) but with summer coming on I thought it pertinent to discuss some hackers’ favorite past time. Phishing is a scam in which a perpetrator sends an official looking e-mail…
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I had the pleasure of attending OCC training for board members this past week. Good training and great time to hear what bankers are challenged by.
The top operational risk management concerns cited by exam area in 2018:
Commercial…
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There are several bills in congress, and some still in committee, that could impact the Bank Secrecy Act (BSA) world. Keep an eye open for H.R. 2514, a bill introduced by Representative Emanuel Cleaver (D-Mo.) that would modernize the Bank…
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Are you afraid of SBA lending? Too much paperwork? Not worth the time? Too much risk?? Don’t feel you need to offer then to help your community??
Let’s look at ten $100,000 SBA loans in a loan portfolio that are 75% guaranteed by the…
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Technology can play a vital role in growing your organization. A well-structured technology plan can and should support the overall strategic plan of the organization. Many organizations find themselves however, in technology overload. They…
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ABS is honored to be helping a few of our fast growing clients build a team. If you are looking for growth opportunity and a great culture to work in, check out these positions!
Commercial Lenders in Kansas Area, Larned, KS, Manhattan,…
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The Financial Accounting Standards Board (FASB) recently proposed delaying for one year the implementation date of its accounting standard on Current Expected Credit Losses (CECL). In the proposal, the implementation date for nonpublic financial…
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On August 31, 2018, the Bureau of Consumer Financial Protection (Bureau) issued an interpretive and procedural rule to implement and clarify changes made by section 104(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act…
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Federal Regulators issue Frequently Asked Questions regarding CECL
General InformationFDIC Warns of Importance of Vendor Contracts
General InformationPhishing
General InformationTop Concerns
General InformationLegislation is advancing in the BSA world
General InformationSBA Lending
General InformationTechnology
General InformationGreat Opportunities
General InformationFASB Proposes Delay in the Implementation Date for CECL for Nonpublic Financial Institutions
General InformationHome Mortgage Disclosure Act Rule Implementation Issued
General Information