Securing Your Customer Files And Information

  • February 5, 2010

We have been doing IT exams for more than ten years and one overriding area of concern we see constantly is customer privacy. This has become one of the hottest topics with examiners lately. The examiners have a tendency to tell you to do something without giving any guidance. You will not receive an explanation on how to achieve their goals and sometimes they don’t even explain why. Customer information is one example. Why does it need to be so secure? This question has a lot of answers, but this article will focus on the internal risks.

Did The Repeal Of Glass-Steagall Contribute To The Financial Meltdown?

  • December 17, 2009

As a consultant to community banks, I was excited when Glass-Steagall was repealed in 1999. I saw it as an opportunity for community banks to offer additional services to their current customers and to find additional revenue sources to build value for their owners. What I didn't see was how the large banks would be able to leverage FDIC insured deposits to make risky investments in CDO's and CMO's that would ultimately lead to the financial meltdown nine years later.

Deferred Tax Assets For Banks May Be Questioned By Regulators

  • December 7, 2009

Deferred tax assets on a bank's balance sheets have always been a problem for regulators. Most of the deferred tax assets are currently disallowed for capital purposes. And now with banks piling up losses and creating deferred tax assets due to net operating loss carryovers regulators are taking a harder look at these assets. Writedowns of these assets are expected and will more likely hurt regional and community banks.

First Research Publishes Quarterly Update For Banks

  • November 30, 2009

As a member of PKF, an association of almost 100 legally independently accounting and consulting practices with offices throughout North America, we have access to all of First Research's quarterly updates for many different industries. Here is the most recent update for banks and credit unions: First Research Banks and Credit Unions Quarterly Update.

Thomas Jefferson’s Top 10 Quotes On Money And Banking

  • November 2, 2009

Nothing ever changes. Thomas Jefferson was criticizing big banks at the beginning of our history... From the Daily Bail, a website devoted to bailout news, opinion and analysis: Can We Party like it's 1776 and Just Start Over? Thomas Jefferson's Top 10 Quotes on Money and Banking

Commercial Lending…More Lessons: Equity and Contingent Liabilities

  • October 26, 2009

In addition to those detailed in our article, Commercial Lending...After The Crisis: Back To Basics, here are two more hard lessons learned from the financial crisis:

Commercial Lending…After The Crisis: Back To Basics

  • October 1, 2009

Now that we have digested the fact that most banks' loan portfolios are weaker today than they were two years ago, it's a good time to review a few of the basics of commercial lending.

(Unofficial) Problem Bank List

  • September 22, 2009

I found this list of problem banks published by This list is sortable and even includes the type of Enforcement Action, the reason and the agency.

Consumer Financial Protection Agency A Bad Idea!

  • August 4, 2009

The American Bankers Association (ABA) and most bankers believe that the creation of a new regulatory agency to oversee consumer protection is a bad idea. The ABA on it's website is "asking all bankers to contact their Members of Congress to let them know that creating creating a new consumer agency is not the solution. It would only complicate our existing regulatory structure by adding another layer of bureacuracy with no guarantee of better consumer protection."