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Improve Your Retail Investment Program

Posted by Alex Spencer   |  October 12, 2017 at 3:21 PM

You want your institution's members to have the best customer experience possible. As you evaluate ways to improve, consider how your retail investment program fits into your overall product mix and helps members meet their life goals and investment needs. Here are six elements to look for in a dedicated investment program partner.

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Attributes of the Most Effective CPI Programs

Posted by Michael Dippo   |  August 29, 2017 at 9:49 AM

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  Your aging CPI program have you worried? Could Hybrid CPI be the answer?

 Reducing borrower noise and lowering CPI premiums resulted in the creation of Hybrid CPI

The largest asset that a lender has is their loan portfolio. In order to mitigate the risk caused by uninsured collateral, lenders have several options to choose from in loan risk management programs. Not all programs are the same, so, your financial institution needs to carefully review the program which best fits your needs, considering the collateral being financed, the make-up of the loan portfolio, and the amount of risk your team is willing to assume.

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What Your Institution Needs to Know About UDAAP

Posted by Chris Cote   |  August 24, 2017 at 11:02 AM

Regulation and compliance is something we all have to contend with in the financial institutions arena. It's not always pleasant, nor is it easy, and it's usually far from fun. However, knowing your role and responsibilities within compliance can keep your institution out of hot water. And, breaking compliance regulations generally means being asked to pony up some serious fine monies. The greater damage is the one done to your financial institution's reputation, something members and potential members won't soon forget.

The best way to stay out of trouble is to be well informed. Let's take a look at the unfair, deceptive, or abusive acts or practices (UDAAP) and why you should take prohibited acts outlined under Dodd-Frank seriously. 

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Preparing for a 401(k) Audit: Yes, They Really Do Exist

Posted by Reuben Escobedo   |  July 27, 2017 at 11:00 AM

In business, the word ‘audit’ tends to send chills down the spine and upset the stomach. But did you know that if your company offers a retirement plan to your employees, your Plan Sponsor—party designated to administer a retirement plan, usually a company—should be conducting a plan audit?

That’s right; it’s that time of year for 401(k) audits to begin for Plan’s who have over 100 eligible participants at the beginning of the plan year. Now would be a great time for Plan Sponsors to check in with your Plan’s record keeper to see if they have a general audit package they can prepare for you for your audit.

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Credit Card Compliance: The Military Lending Act

Posted by Lisa Alvarez   |  June 22, 2017 at 10:08 AM

The Military Lending Act (MLA) was created to protect active duty members of the military, their spouses, and their dependents from certain lending practices that could pose a risk and a possible threat to military readiness as well as affect the retention of military service members. Since the inception of the MLA in 2006, there have been a number of changes to the program’s rules and regulations. In 2015, the final rule was announced which involves expanding the types of credit products that are covered by the 36-percent rate cap and other military-specific protections covered under the MLA. These changes can have a major impact on financial institutions if they are not compliant to rules that affect this act and credit card accounts.

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Prepare for New HMDA Reporting Requirements

Posted by Lisa Alvarez   |  May 26, 2017 at 5:47 PM

The deadline for expanded reporting requirements for the Home Mortgage Disclosure Act (HMDA) is coming soon, and it is important that your financial institution is prepared. More credit unions will have to report data to comply with this act and the data points will become more numerous. For some, the reporting will come every three months, instead of annually. So, it is important to know about this act, the new reporting requirements, and how it will affect your financial institution.

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What Flood Insurance Reform Means for Your Institution

Posted by Tyreo Harrison   |  May 4, 2017 at 1:45 PM

With the National Flood Insurance Program (NFIP) set to expire in September, flood insurance reform is a hot topic up for discussion. As part of the process, the government must answer some hard questions when it comes to resolving problems that have reoccurred year after year. What should be done with the properties that continually flood, causing the program hardship? How will climate changes impact the need for the program? And, what options are available that can both lessen the burden on the government and not add more to FEMA's nearly $25 billion debt?

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Pres. Trump and the ACA: What Businesses Need to Know

Posted by Gary Birdwell   |  March 30, 2017 at 5:02 PM

President Trump has been working to possibly repeal and replace The Affordable Care Act (ACA) also known as Obama Care since he was sworn into office in January 2017. His goal to repeal and replace The ACA that insures more than 20 million citizens continues to be top of mind for the Trump administration. But, what does this mean to business owners and when will it happen?

Here are the top 4 things businesses need to know.

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Top Regulatory Challenges Lenders Will Face this Year

Posted by Stacie Kelly   |  March 23, 2017 at 4:16 PM

Lenders have always faced challenges in the compliance side of lending. Regulatory compliance is not new for lenders; it is just evolving. As the economy moves and the government administration changes, the regulatory environment is expected to have some movement as well. There is still uncertainty as to how much movement and attention lending compliance will receive under the new presidential administration. Only time will tell as the new administration settles in and takes action.

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All Jammed Up

Posted by Eric Salzman   |  March 21, 2017 at 9:51 AM

On January 20 (Inauguration Day), I wrote what I would consider a fairly optimistic piece on President Trump’s agenda to promote economic growth through fiscal policy. However, I warned the following:

“The one thing that President Trump doesn’t have, which you really can’t expect him to have yet, is legislative timing. When I ask myself, “What does Donald Trump really care about more, repealing the Affordable Care Act (ACA) or creating jobs with a big fiscal stimulus package?,” I believe the latter. The one thing Washington can agree upon is repealing and replacing ACA is going to be very messy, and putting it as the first legislative priority can jam up the rest of the administration’s initiatives.”

Fifty-nine days into the Trump presidency, the view I took back in January seems prescient. Currently, the tax overhaul legislative initiative, controversial itself among fellow Republicans, is blocked behind the repeal and replacement of the Affordable Care Act (ACA).

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About the LenderHub Blog

SWBC's LenderHub blog is a one-stop resource for lenders. Come here to learn tips and best practices for risk management, income generation, marketing, operational improvement, and customer retention, as well as to learn about industry trends and SWBC news.