August 31, 2023

Is it getting more difficult for your bank to determine the value of equipment so you know how much to lend on the collateral? There are reasons that you may struggle more to determine equipment value. There are more makes and models on the market and additional features than there were years ago. In addition,

With strong growth and increasing state and federal incentives, the solar energy industry presents a unique market opportunity for lenders willing and able to maneuver through the regulatory and other hurdles facing the industry. This article will examine the industry’s growth and offer tips for lenders seeking to participate in this active market. The Growth

HELOC scams continue to be a costly and challenging issue for financial institutions. Wire transfer fraud can easily reach millions of dollars, and with advancements in technology, such as online databases for county clerk records, online banking and online title searching, data commonly used by financial institutions to verify customer identity for wire transactions is

According to a 2022 FinCEN advisory, elder fraud scams affect at least 10% of older adults in the U.S. annually. But because fraud and scams are often significantly underreported, it means that the actual percentage of victims is likely much higher. Elder financial exploitation generally falls into one of two categories. The first is elder

Two noteworthy loan pricing strategies at community banks have developed in the current rate environment. While well-intentioned, they may not produce the desired outcome of protecting the bank and the relationship. The following hedging strategies protect the interests of all parties in the financing transaction. Banks improve their long-term margin and offer borrowers lower-fixed rates

Vicky Aragon Vice President, Young Americans Bank How did you get started in the banking industry? Prior to starting a career in financial services, I worked long hours as a manager at a hair salon. The schedule was rough and erratic, so I started looking for something with more predictable hours (like bankers’ hours) and

In today’s fast-paced and interconnected world, the financial industry faces ever-evolving challenges in safeguarding sensitive information, protecting against fraud and ensuring the integrity of financial transactions. With the growing frequency and sophistication of cyberattacks, data breaches and fraudulent activities, organizations must prioritize the establishment of robust security measures to protect their clients’ assets and maintain

An overdraft program that follows industry best practices can help build life-long loyalty. Is your bank putting its best foot forward? According to the most recent survey from Bankrate, U.S. adults, on average, have held the same checking account for 17.75 years, with adults age 55+ keeping the same account for 24.6 years, on average.

In an opinion that is of profound importance to all litigators and clients, the Colorado Court of Appeals recently held that many, if not most, statutes of limitations are not extended if the limitations period ends on a weekend or court holiday. In Gomez v. Walker, the Court of Appeals was faced with the question