Posts in Category: Spotlight

Blog Post List

Top 10 Ways to Avoid Employment Related Problems 

Employment-related lawsuits are difficult to deal with: emotions run high with personal issues often brought into play. Even when claims are meritless, defense costs can be substantial. The impact on morale and reputation can also be significant. The following tips may help reduce employment-related issues in your business and strengthen your defense if an action is brought.

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Ransomware information resources available on aba.com 

From American Bankers Association
Documents to help you identify various forms of malware, outline preventative measures, business continuity considerations, and know what to do if infected with ransomware and how law enforcement can assist are now available at a newly created ransomware issue page from the American Bankers

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Be aware of liability when serving alcohol at company-sponsored functions 

With summer in full swing, many companies are planning group outings with alcoholic beverages being provided by the company. Business owners and managers should recognize that there is a legal liability associated with providing alcohol at these types of events that is not entirely unlike the risks borne by your local tavern owner.

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Prevent the ransomware epidemic from infecting your organization 

by Heather Wyson-Constantine, Vice President of Payments and Cybersecurity, American Bankers Association

By now, you’ve mostly likely heard the news: ransomware is here and it’s a problem. The impact can be devastating. Imagine not being able to access your email, customer information or vital records for days or even weeks. Victims not only face monetary losses associated with the ransom and loss of business during the downtime, but also the additional forensics costs, the loss of employee productivity and, most importantly, customer trust.

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FDIC issues a special edition of Supervisory Insights 

Reviews and updates the Pocket Guide to help bank board members effectively fulfill duties
Apr, 2016 Categories: Best Practices FDIC Spotlight

April 5, 2016: The Federal Deposit Insurance Corporation (FDIC) issued a special edition of Supervisory Insights, A Community Bank Director's Guide to Corporate Governance: 21st Century Reflections on the FDIC Pocket Guide for Directors.

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Repossess Consumer Automobiles? You Could Be At Risk For A Costly Class Action Lawsuit. 

by Adam Cornett, Senior Attorney, ABA Insurance Services

After repossessing a vehicle on a defaulted consumer auto loan, a bank must provide a “pre-sale notice” under the UCC before disposing of the vehicle through a public or private sale. When the vehicle is sold for less than the amount owed, a bank typically files a deficiency collection action against the debtor. If, however, the Bank’s pre-sale notice is defective under the UCC, the bank is risking becoming embroiled in the defense of a class action counterclaim filed by the debtor.

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ABMI announces 26th consecutive distribution to participating banks 

$81.2 million has been declared in total distributions since 1991.
Dec, 2015 Categories: Distribution Spotlight

American Bankers Mutual Insurance, Ltd., the reinsurer of the ABA-endorsed insurance program, has declared a $1.1 million distribution to current member banks of the American Bankers Association (ABA) that have D&O, Financial Institution Bond and related insurance from ABA Insurance Services.

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Community banking and the “Green Rush” 

Why banks resist the urge to service marijuana-related businesses
Dec, 2015 Categories: Legalized Marijuana SafeTalk Spotlight

The opening up of the market for recreational and medical marijuana is so lucrative that it has been dubbed the “Green Rush.” Marijuana-related businesses in these states, like most businesses, need to receive suitable banking services; however, banks are generally unwilling to establish and fulfill these banking relationships.

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