The new accounting changes are nothing less than a revolution. As you review your loans, follow these steps to a successful resolution.
Bankers have many things to worry about but being ‘disrupted’ by alternative industries is not one of them. Reason: too much regulation.
Retail banks will need to prepare now to replace revenues lost because of new CFPB rules on overdrafts.
Community banks are different from their larger brethren and should be regulated as such.
Financial institutions need to prepare now for more regulatory scrutiny of overdraft programs. And watch out for those fee waivers.
With regulatory scrutiny ever increasing, banks need to break down their risk management silos and deploy an enterprise-wide approach to detecting and mitigating risk.