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LoanPricingPRO® Quarterly Newsletter

February 25, 2021 - 1 min read

Excess Liquidity Continues to Smother US Bank Margins U.S. bank margins remained near historical lows in the fourth quarter as excess liquidity continued to build on institutions’ balance sheets.   LoanPricingPRO® Quarterly Newsletter  

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Vendor Contract Negotiations – A Trending Topic

February 25, 2021 - 3 min read

Since the beginning of this year, I have read three articles and viewed one video that have focused on negotiating technology agreements.  To say this topic is trending up is an understatement.  Even the ABA has published its recommendations Principles for Strong Bank-Core Provider Relationships and several related articles on this subject as part of…

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ProBank Austin Advisor

February 22, 2021 - 1 min read

Strong economic data is affecting inflation expectations. After a month of mixed economic data, the news from last week was surprisingly strong. It was led by the retail sales data for January. Previously, sales had declined for three consecutive months as the virus continued to spread and keep people at home. They were reported as…

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Michigan Banking Summary: Back to the Future

February 19, 2021 - 13 min read

Businesses shutting down. Schools, churches, and theaters closing. Public gathering largely forbidden. Citizens instructed to wear masks and avoid shaking hands. Hundreds of thousands of Americans succumbing to the virus. Even the President of the United Stated contracting this lethal variant of the common flu. 2020? No. Approximately 100 years ago, the 1918 Flu Pandemic…

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OCC Issues CRA Small Bank Compliance Guide

February 18, 2021 - 1 min read

The Office of the Comptroller of the Currency (OCC) issued a compliance guide for Small Banks, an initial illustrative list of qualifying activities, and a form to request consideration of items to be added to the list of qualifying activities. The materials, as well as other information, are available on the OCC website at: https://www.occ.gov/topics/consumers-and- communities/cra/index-cra.html  

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LIBOR Transition: Interagency Statement on Reference Rates

February 16, 2021 - 2 min read

On November 30, 2020, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (collectively, the Agencies) issued a joint statement to encourage banks to transition away from U.S. dollar (USD) LIBOR as reference rate as soon as practicable. Failure to prepare…

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ProBank Austin Advisor

February 15, 2021 - 1 min read

Conditions for rising inflation are developing as the economy re-opens. There was little economic data released last week. The Consumer Price Index did not reflect any increase in inflation pressures; this continues to be a concern of the Federal Reserve. They believe inflation must increase or we run the risk of deflation should the economy…

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Recordkeeping/Travel Rule: Proposed Amendments

February 11, 2021 - 2 min read

The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board (FRB) issued proposed rules that would amend the recordkeeping and travel rule regulations under the Bank Secrecy Act. FinCEN and the Board, pursuant to their shared authority, are proposing amendments to the recordkeeping rule jointly, while FinCEN, pursuant to its sole authority, is proposing amendments…

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Final Rule: Fair Debt Collection Practices Act (FDCPA)

February 9, 2021 - 1 min read

On November 30, 2020, the CFPB issued a final rule amending Regulation F (12 CFR 1006), which implements the Fair Debt Collection Practices Act (FDCPA) and prescribes Federal rules governing certain activities of debt collectors, as that term is defined in the FDCPA. The final rule, among other things, clarifies the information that a debt…

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