Financial Outsourcing Solutions (FOS) is a leading provider of internal audit, risk management and compliance services to financial institutions located in Pennsylvania, New Jersey, Maryland, Delaware, and New York.
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Compliance Priorities for 2022 Every new Administration brings new expectations. The Trump administration oversaw a halt in new regulation, and a review of existing ones. The Biden administration has focused on equity and fairness; diversity, …
FLOOD FAQS UPDATED! After years of flood insurance regulatory changes, the agencies finally released an updated Flood FAQ that consolidates existing FAQs (from 2009) with those proposed in July 2020 and March 2021 into one …
Making the move from a small bank to ISB For bank management, it can be a daunting time: Approaching the $1 billion mark – and soon, your institution will be subject to the ISB (Intermediate …
Overdraft Best Practices Are Changing Over time, overdrafts have evolved from an occasional, courtesy event to automated programs generating millions in revenue. Consumers aren’t managing their checkbooks (if they even have them any longer) the …
Is your website compliant with Americans with Disabilities Act (ADA)? On March 18, 2022, the U.S. Department of Justice (DOJ) issued new guidance on website accessibility under Titles II and III of the Americans with …
Effects of Trustmark Redlining Trustmark Bank, a $17 Billion bank in Memphis, Tennessee, agreed to pay a civil money penalty of $5 million to the CFPB and $4 million to the OCC as settlement in …