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Legislation is advancing in the BSA world

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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SBA Lending

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…

Technology

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…

Great Opportunities

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,…

FASB Proposes Delay in the Implementation Date for CECL for Nonpublic Financial Institutions

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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Home Mortgage Disclosure Act Rule Implementation Issued

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…

Federal Agencies Increase Threshold for Appraisals for Commercial Real Estate Transactions

  In April 2018, The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a final rule that increased the threshold for commercial real…

Interest Rate Risk

While many financial institutions have outsourced their interest rate risk reporting to a third-party, the financial institution still has responsibility for reviewing and testing the data prepared by the third-party. At a minimum, small financial…

We knew this was coming!

It has been several months, but I wanted to bring this back to the top of your mind.  I just spoke with a Banker at a too-big-to-fail bank, and they are still getting pushed to reach goals.  So the community bank must make sure we do not make…
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CFPB Issues Bulletin on Expectations for Institutions Utilizing Incentives

On November 28, 2016 the Consumer Finance Protection Bureau (CFPB) issued a bulletin warning supervised financial companies that creating incentives for employees and service providers to meet sales and other business goals can lead to consumer…