Tammy Campbell
Aug 19, 2019

As a growing number of states legalize medical and/or recreational marijuana use—Illinois becoming the latest, effective January 2020—financial institutions must acknowledge that they may (and likely do) provide banking services for marijuana-related businesses (MRBs), intentionally or not. With 40 states and the District of Columbia legalizing marijuana use to some degree, financial institutions must take steps towards […]

“Illicit actors,” notes says Scott Swanson, a financial crimes investigator with a big-four accounting firm, “run around the Bank Secrecy Act like it is a chained, aged, and toothless junk yard dog.

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Four letters—CECL—may signify one of the most profound revolutions in financial services since FDIC.

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Banking executives are busy preparing for the most significant accounting change in their careers: CECL, the Financial Accounting Standards Board’s (FASB) new Current and Expected Credit Loss model.

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If regulation is by the book these days, it might as well be from the “Harry Potter” series: the lost volume where brave bankers defend the castle from fire-breathing dragons that grow stronger, fiercer and more adept by the day.

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When the Consumer Financial Protection Bureau (CFPB) sued TCF National Bank in January, it charged that the Wayzata, Minn.

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It’s an eternal worry for banks: how best to detect and report money laundering.

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A recent poll asked financial services leaders when their organizations expect to execute preliminary current expected credit loss (CECL) calculations for the allowance for loan and lease losses (ALLL).

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More than 25 years ago, Bill Gates declared: “Banks are dinosaurs.

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Time deposit owners always want the same thing: more yield and short commitment.

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In articles one and two of this three-part BAI Banking Strategies series, we outlined CECL, the Current Expected Credit Loss standard issued by the Financial Accounting Standards Board.

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