Banking Articles

These Banking articles will give you the news and information you need to stay up to date in the ever changing Banking industry.

November 15, 2011 – 1,793 views
Mike King - Gammage & Burnham PLC
Question: Can I limit the amount of my lability for negligence to the amount I get paid under the contract? Answer: In Arizona, the parties to a contract can limit the amount of liability for negligence by a negotiated limitation of liability clause in a contract. Full Story 
November 9, 2011 – 1,443 views
John Carnegie
Bank of America recently announced that it may pay up to $20,000 to encourage short sales by Florida homeowners. This Florida short sale incentive program is directed at Florida homeowners who are upside in their mortgages and wish to avoid the embarrassment and credit-rating damage that commonly accompanies a foreclosure. Full Story 
October 18, 2011 – 1,638 views
Curtis Williams
Financial institutions such as credit unions and banks use bank marketing strategies that employ the use of marketing gifts as a main component. This is because of the increased competition in the industry at present. Bank marketing programs are being implemented now to attract new clients, keep current clients, and persuade these current clients to take advantage of more products and services. Full Story 
October 11, 2011 – 2,240 views
Mike King - Gammage & Burnham PLC
October 4, 2011 – 1,708 views
A. Barry Cappello - Cappello & Noël LLP
Lender liability law says lenders must treat their borrowers fairly, and when they don't, they can be subject to borrower litigation under a variety of legal claims. Today, as lenders and borrowers blame each other for nonperforming loans in the worst economic downturn in almost a century, lender liability is once again at the forefront of many legal battles. Full Story 
September 27, 2011 – 1,477 views
Kelty Wallace - Zoot Enterprises
Generation Y, a term coined in 1993 in Maxim magazine, refers to the generation born between the early 1980s and mid 1990s. Nearly 55 million Americans today fall into this category, and these numbers are expected to rise over the next 20 years as the children of the Baby Boomers come of age. While coming of age, this generation has experienced two wars, an economic recession, various acts of terrorism, and unprecedented natural disasters. They were raised to be conscious of society and their surrounding environment and have proven to embrace civic duties and responsibilities more than the generation before them. They believe that marriage is part of the American Dream, focus on personal pursuits rather than career ambitions, and have higher self-confidence than their parents. Full Story 
September 20, 2011 – 1,747 views
Kristie Heinmann - Zoot Enterprises
Loan origination can be a long and demanding process for financial institutions (FIs) and customers alike. Manual underwriting makes the process longer and more costly. The changing market environment makes modifying business logic a recurring necessity which can require many IT hours and other resources to complete with legacy systems. Modern loan origination software, however, makes lending automation more efficient and cost-effective. These new loan origination solutions help to eliminate manual processing when it isn't required and can seamlessly transition from manual to automatic processing. Also, new loan origination software gives control of business logic changes to the business user instead of requiring IT. Now, FIs can have their cake and eat it too. Full Story 
September 13, 2011 – 1,541 views
Michael Saum
Theoretically, merchants and ultimately consumers, should win with this new legislation, but will they? And, banks and issuers will most definitely be the losers so how will they make adjustments? Here's some ideas. Full Story