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Capital and Loan Portfolio Stress Test Application

July 1, 2020 - 2 min read

Enhance your capital planning and credit risk management processes with ProBank Austin’s (“ProBank”) Capital and Loan Portfolio Stress Test.  Our model leverages the stress test framework created by bank regulatory agencies during the financial crisis.  ProBank’s Stress Test has been customized for community banks to measure the effect of stressed loan loss rates on reserves,…

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ProBank Austin Advisor

June 29, 2020 - 1 min read

May was much stronger than expected but the questions about continued rebounds remain. The timing and strength have surprised most forecasters, including the Fed. The data for May was much better than expected only six weeks ago. The re-opening of the economy has been much faster than anticipated, however, the strength being reported for May…

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We’re Hiring!

June 25, 2020 - 1 min read

Join Our Team! We are a nationally recognized financial services consulting and education firm serving financial institutions, state banking associations, accounting firms and law firms throughout the nation. We are proud to be an employee-owned, relationship-based company that is committed to serving financial institutions with professional excellence, integrity, and confidentiality. As an employee-owned business, we…

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ProBank Austin Advisor

June 22, 2020 - 1 min read

The recovery as the economy re-opens has been stronger than expected. It is clear April was the bottom on the economy. Businesses began to open during the last half of May and the data released confirms the rebound. The data from last week was highlighted by the extraordinary jump in retail sales. The better than…

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Michigan Banking Summary – Unemployment:  The Need to Flatten a New Curve

June 17, 2020 - 7 min read

Issue 6:  June 2020 As segments of the national economy slowly re-open, often in incremental stages depending upon the COVID-19 impact within a state and the perceived risk profile (from a healthcare perspective) of that business, all eyes are affixed on the Depression Era-levels of unemployment that litter the U.S. landscape. The forced shutdowns in…

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ProBank Austin Advisor

June 15, 2020 - 1 min read

This will be an important week for economic data with retail sales and manufacturing data due out. The economy continues to re-open sooner than was assumed in many forecasts. Most forecasters assumed the shut-down would continue through June. Now that we are moving sooner than expected, economic data must improve by large amounts and not…

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Quarterly HMDA Reporting

June 11, 2020 - 1 min read

On March 26, 2020, the CFPB issued a statement to inform its supervised financial institutions that it does not intend to cite in an examination or initiate an enforcement action for failure to report the quarterly HMDA data for those institutions subject to the new 2018 HMDA quarterly reporting requirements. Financial institutions that report for…

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Mutual Bank Quarterly Report

June 11, 2020 - 2 min read

Net Incomes Decline for Mutuals Nationally During First Quarter 2020 First quarter 2020 mutual financial performance data presents a new chapter in the evaluation of peer metrics for mutual institutions throughout the U.S.  The closing down of entire sectors of the nation’s economy beginning in February, unprecedented spikes in unemployment, an influx of PPP loans…

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IRS Offers Guidance on IRAs and the Secure Act

June 10, 2020 - 3 min read

The IRS published Notice 2020-6 in January, regarding relief for reporting required minimum distributions (RMD) for IRAs for 2020. Background: The SECURE Act changed the required beginning date applicable to certain retirement plans, including IRAs and annuities. The new required beginning date for an IRA owner is April 1 of the calendar year following the…

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ProBank Austin Advisor

June 8, 2020 - 1 min read

Investors were surprised by the strong jobs report for May, but will it continue? The first of the May data was, on the surface, even better than hoped. The ISM Index did rebound from the low of April. It remains well below the breakeven level of 50, which means little expectation of rapid growth in…

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CFPB’s Interpretive Rule to Address Waiving TRID & Rescission Timing Requirements

June 8, 2020 - 3 min read

The CFPB has issued an interpretive rule to provide guidance to creditors and other covered persons involved in the mortgage origination process. The Bureau understands the COVID-19 pandemic could pose temporary business disruptions and challenges for covered persons that are involved in the mortgage origination process, including creditors, loan originators, settlement agents, and other parties…

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Remittance Transfer Guide

June 5, 2020 - 2 min read

Where the COVID-19 pandemic is a global issue causing a significant impact on consumers’ finances, both in the United States and around the world, the CFPB has issued a policy statement in order to minimize the impact of the pandemic on the remittances market. Section 919 of the Electronic Fund Transfer Act (EFTA), as implemented…

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