Quick Way to Make Docs Accessible, Meet ADA Requirements

April 12 — The idea of making documents accessible to differently abled persons is not new, and no one takes it lightly. However, it can often be a time consuming and costly process. However, Toronto-based Crawford Technologies now offer a solution it says will reduce time and expense.


Four Steps to Implementing CECL

By John Voigt

The Financial Accounting Standards Board’s new Current Expected Credit Loss standard brings a significant change to credit loss accounting in the United States, and the road to compliance presents many challenges for financial institutions. While today’s allowance process is commonly operated within a Microsoft Excel-based framework, the additional complexity of the CECL standard will strain this type of approach and make it difficult to maintain the required transparency and controls from quarter to quarter.


OCC Sees Heightened Risks in Competitive Environment

By Madeleine G. Kvalheim

On Jan. 18, the Office of the Comptroller of the Currency released its semiannual report on risks plaguing the federal banking system during the fall of 2017. The report highlights the OCC’s ongoing concerns for federal banks as they affect consumers and the integrity of the banking system in relation to compliance mandates. The report acknowledges the fierce competition in the banking sector as institutions face continuing pressure to efficiently lend money in a fast-paced environment where consumers demand rapid technological advancements. And this is all in the face of similarly complex and ever-changing regulations. These factors create a plethora of risks and insurmountable exposure for the federal banks under the purview of the OCC.


Reader Response to ‘Perspectives’ Column

Shannon Damron of Tri-County Trust Company in Glasgow, Mo., wrote to share her thoughts on the latest Perspectives column from the March 2018 BankNews.

Reader feedback is always appreciated, and we hope to hear from more of you in the future.


FFIEC Releases Revised HMDA Reporting Guide

March 12 — The Office of the Comptroller of the Currency announced the issuance of the Federal Financial Institutions Examination Council’s revised “A Guide to HMDA Reporting: Getting It Right!” The revisions reflect the new reporting requirements laid out in the October 2015 Home Mortgage Disclosure Act.


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