Compliance Corner articles

Three steps to CECL compliance

Three steps to CECL compliance

Deadlines to implement the Current Expected Credit Loss (CECL) standard begin for some banks in 2020. While preparations can be daunting, accountants and community bankers alike say following certain steps can make the process more manageable.

How could regtech ease the compliance burden?

Community banks are increasingly turning to regulatory technology to help them be more efficient and effective in their compliance efforts. By Karen Epper Hoffman With the industry abuzz about all things fintech, it can be easy to forget that technology is being applied to support and streamline banking efforts in compliance as well as retail […]

Two approaches to overdrawn accounts

What community bankers should know about overdraft and sweep account rules. By Mary Thorson Wright When a customer makes a transaction that overdraws their bank deposit account without a corresponding overdraft plan, they are, in essence, asking the bank for an unsecured loan. Community banks can and do return overdrawn payments—a practice that can be […]