FBLG Banking Letter - March Edition 2020

Coronavirus and Your 2019 Tax Returns

Joseph M. Press, CPA, CFE

The effects of the coronavirus have now crept into almost all aspects of our daily lives so it is only fitting that it should have an impact on your 2019 tax returns.  What can you expect to happen in this arena in the coming days? 

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Coronavirus infects computer...

Alyssa L. Reeves MIS, CISSP, CISA, CEH

Well….maybe not with actual COVID-19 but that has not stopped social engineers from using the highly publicized concerns to their advantage. The coronavirus has sparked massive global media coverage, and with that, people want to know more. The problem is that most people are willing to trust just about any source, and there is so much media coverage, it allows attackers to blend in. There have already been reports of massive amounts of misinformation, such as the article that claimed: "the CDC announced that COVID-19, a disease caused by the coronavirus, had been found in toilet paper and that people should use wet cloths instead."  

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Asset Quality - 2020 and Beyond

Dawn Thompson

One of the advantages of having outside loan review is the benefit of our team visiting various banks in various communities and states.  This can provide an insight to what may be on the horizon for credit and lending.

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Industrial Hemp - USDA Announces Delay on Specific Requirements

Fran V. Sponsler, CRCM, CAMS

The agency’s announcement stated that it would delay the enforcement of the requirement that all hemp testing laboratories be registered with the Drug Enforcement Administration (DEA), as well as the requirement to use a DEA-registered reverse distributor or law enforcement to dispose of non-compliant plants, under certain circumstance.

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