To help combat and mitigate payment fraud, the Federal Reserve Fraud Definitions Work Group recently released the FraudClassifierSM model—a tool that assists organizations with accurately categorizing fraud.

The CARES Act provides a variety of avenues to generate cash inflows for real estate taxpayers affected by COVID-19, including net operating loss carrybacks and the much-anticipated technical correction to qualified improvement property. 

Portfolio diversification is a tried-and-true way to limit the ups and downs in a portfolio.

Some financial institutions have been criticized in the past for their reactionary—or “fix-on-failure”—approach to serving the needs of their customers. While certain banks have taken major strides in overcoming this criticism, the perfect storm of…

The Office of the Comptroller of the Currency (OCC) has released a proposal to update its regulations to incorporate modern technologies and enable national banks and federal savings associations to hold in-person meetings without violating COVID-19…

On May 20, 2020, the Office of the Comptroller of the Currency (OCC), without the FDIC or Federal Reserve, finalized changes to the implementing regulations of the Community Reinvestment Act (CRA) with the goal of making the CRA framework “more…

Our role at BKD is to be your trusted advisor and help keep you updated on items that could affect your operations directly.

On April 9, 2020, the U.S. Department of the Treasury announced details on several lending facilities funded by the Exchange Stabilization Fund created by the Coronavirus Aid, Relief, and Economic Security Act. On April 30, 2020, after receiving…

BKD Trusted Advisors™ aim to keep you updated on items that could affect your operations directly.

On April 24, 2020, the U.S. Small Business Association (SBA) clarified that hedge funds and private equity firms are not eligible for the Paycheck Protection Plan (PPP) loans, as their primary business is to engage in investments or speculation.