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FOS Blog

These blog articles will be straight from FOS professionals and will discuss any current hot issues and their views on them. These articles cover a wide variety of topics impacting our clients and friends.

18 Mar
2021
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Electronic Banking Explosion

The COVID pandemic has done much to promote electronic banking.  Initially, banks began seeing an increase in debit card access and online banking enrollments because persons accustomed to using branches could not access them.  Growth in Internet access during COVID …

Evelyn I. Dehmey

04 Jan
2021
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ANOTHER ACRONYM – CA DFPI

Consumer financial services has been a hot topic in California and was recently solidified with the passage of AB-1864. This bill renames the current “Department of Business Oversight” as the “Department of Financial Protection and Innovation” (DFPI).  The former authority …

Evelyn I. Dehmey

13 Nov
2020
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FinCEN Releases Further Guidance for Banking Hemp-Related Business Customers

FinCEN Releases Further Guidance for Banking Hemp-Related Business Customers While fielding the daily news and guidance about COVID-related fraud and considerations, it may have been easy to miss FinCEN’s update regarding expectations for performing due diligence for hemp-related business customers.  …

FinCEN Releases Further Guidance for Banking Hemp-Related Business Customers Julie J. Mixtacki