June 2010 | ababj.com
InformIng bankers for more than 100 years
“ ewUDAPlanguageeffectively N embraces‘suitability.’That puts the bank on a knife’s edge, [between]denyingcreditthat mightbediscriminatory,and extendingservicestooliberally”
28 | CoVER StoRy Danger Ahead
The spotlight has been on financial reform legislation. But banks’ biggest compliance risk ahead is a new focus on “unfair and deceptive acts and practices”—UDAP, for short. The regulatory tool has highly subjective standards. Read 11 risk points you should be looking at now.
34 | Blue sky amid the clouds
2009 was a year many community banks would rather forget. Yet for the 100 banks listed in our annual Top Performer rankings, the year was downright positive. Check out the rankings and analysis.
16 | ABA Community BAnking When “plans” go awry
Sometimes the best solution to troubled commercial real estate loans is to take charge of a partially built property and get it finished. Problem is, an unpaid architect may control the plans. A novel solution underscores the importance of “will-serve” letters.
2 | ABA BANKING JOURNAL | june 2010
Table of Contents for the Digital Edition of ABA Banking Journal - June 2010