CRA TRACKING FOR PANDEMIC LOANS While we’re in the throes of the Covid-19 pandemic, the one thing we don’t need is more work. But it is an important season to think about how loan programs and modifications can work to …
There is seemingly no better time to scheme and scam than in the midst of a pandemic. On May 18th, FinCEN released an advisory regarding the uptick in reported activity related specifically to fraudulent cure, vaccine, and testing services; non-delivery …
JAMES DAILEY ELECTED VICE PRESIDENT OF INSTITUTE OF INTERNAL AUDITORS – LEHIGH VALLEY CHAPTER Dailey is a supervisor at Financial Outsourcing Solutions LLP, a division of Mid-Atlantic accounting firm Herbein & Company, Inc. (Herbein) ALLENTOWN, PA (May 26, 2020) – …
MPF Policy Updates Related to COVID-19: Are You Perpared? On May 6, 2020 MPF released a policy update and clarifications to previous policies in place during the COVID-19 epidemic. Application dates through June 30, 2020 (previously May 17, 2020) are …
MPF Policy Updates Related to COVID-19: Are You Perpared? Natalie Reifsneider
US Secret Service Releases Guidance on US Stimulus Check Features In conjunction with the US Treasury, the Secret Service launched the “Know Your US Treasury Check Campaign” on April 20, 2020 to ensure citizens, retailers, and financial institutions can identify …
Julie J. Mixtacki US Secret Service Releases Guidance on US Stimulus Check Features
SAVINGS ACCOUNTS AREN’T SAVINGS ANYMORE? When the FRB lowered required reserve requirements for checking and savings accounts to zero percent on March 26, it set off a host of questions about how that action affected checking and savings account definitions. …
Do you qualify for Community Bank Leverage Ratio Under the Transitional Ratio Requirements? On April 6, 2020, in an effort to allow community banks to focus on lending to creditworthy households and businesses due the strains on the U.S. economy …
Financial Outsourcing Solutions Donates Meals to Local Food Banks to Provide Aid During COVID-19 Crisis “When I was a boy and I would see scary things in the news, my mother would say to me, “Look for the helpers. You …
On April 1, 2020, the CFPB (Bureau) recognized that COVID-19 pandemic is having an impact on financial institutions as well as the customers they serve. The Bureau encourages financial institutions to work with borrowers and other customers affected by the …
How scammers and fraudsters are using the COVID-19 pandemic to exploit the public – and how you can fight back Much like with previous national disasters, malicious actors are now taking advantage of the COVID-19 virus and the public’s vulnerability to launch a wave of attacks to acquire valuable personal information such as …
How scammers and fraudsters are using the COVID-19 pandemic to exploit the public Jeffrey J. Johns