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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Are You Aware of NACHA’s New Registry Requirement? NACHA is implementing a new registry, the ACH Contact Registry, for all financial institutions involved in ACH operations. The purpose of the new registry is to allow …
WHAT IS TIME-BARRED DEBT AND HOW DOES IT AFFECT MY BANK? On February 21, the CFPB announced a proposal to amend Regulation F – Fair Debt Collection Practices Act (FDCPA) by requiring debt collectors to …
Evelyn I. Dehmey WHAT IS TIME-BARRED DEBT AND HOW DOES IT AFFECT MY BANK
Are you ready for the SECURE Act of 2019? The SECURE Act (The Setting Every Community Up for Retirement Enhancement Act) of 2019 will affect most retirement savers, for better or worse. This act has …
DISTINGUISHING “ABUSIVE” PRACTICES Many leading articles on the subject of the CFPB’s release of its position on “abusive” acts or practices proclaim that the CFPB has defined “abusive.” This is simply not true. The Dodd …
WHAT’S IN YOUR LOAN REVIEW? Whether you’re a small community bank or a large regional bank, you should have a credit risk review function to analyze individual loan quality and to provide analysis of your …