Financial Outsourcing Solutions

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.

05 May
2017 Read More

More Rate Increases Imminent, Don’t forget Concentration Management of The Commercial Lending (CRE) Portfolio

More Rate Increases Imminent, Don’t forget Concentration Management of The Commercial Lending (CRE) Portfolio Interest rate margins (loan yields) are a key component for banks in terms of profitability, especially for community banks. Commercial lending has traditionally been an area …

Don’t forget Concentration Management of The Commercial Lending (CRE) Portfolio More Rate Increases Imminent

28 Apr
2017 Read More

Private Student Loans—A Helpful Guide

Private Student Loans—A Helpful Guide The Federal regulators issued Guidance on Private Student Loans with Graduated Repayment Terms at Origination, in 2015 to outline principles financial institutions should take with respect to originating private student loans that have graduated …

Private Student Loans—A Helpful Guide

14 Apr
2017 Read More

Is Your Bank at Risk of Jeopardizing Your SBA Guarantee?

Is Your Bank at Risk of Jeopardizing Your SBA Guarantee? Written by Rachelle Gordon Many banks have considered participating in SBA 7(a) lending to increase their earnings since the guaranteed portion of these loans can augment earnings through the sale …

Is Your Bank at Risk of Jeopardizing Your SBA Guarantee? Rachelle L. Gordon

07 Apr
2017 Read More

What’s in Your Compliance Management System (CMS)

What’s in Your Compliance Management System (CMS)? By Evie Dehmey On November 14, 2016, the FFIEC issued “Uniform Interagency Consumer Compliance Rating System” guidance, which became effective on March 1, 2017. This guidance is intended to update regulatory standards since …

Evelyn I. Dehmey

29 Mar
2017 Read More

SAR Reporting: AML & Fraud Together

SAR Reporting: AML & Fraud Together With enhanced emphasis of SAR reporting relating to cyber security, terrorist financing, human trafficking, fraud, ID theft, and elder abuse in recent years, there is a structural change in that SAR reports are no …

SAR Reporting: AML & Fraud Together

24 Mar
2017 Read More

Say…what are your debt collectors are doing?

Say…what are your debt collectors are doing? If you use third-party collectors, do you know what they are doing? Using effective and all-inclusive policies and procedures governing debt collection are essential. Monitoring and testing those policies and procedures are necessary …

Say…what are your debt collectors are doing?

24 Feb
2017 Read More

Helpful Tips for New Same Day ACH Rules

Helpful Tips for New Same Day ACH Rules Since NACHA’s same day ACH Phase 1 is currently in effect (since September 23, 2016) here are some helpful tips to ensure same day ACH processing is performed smoothly throughout the remaining …

Helpful Tips for New Same Day ACH Rules

21 Feb
2017 Read More

NACHA: Same Day ACH Rules – Are You Ready?

NACHA: Same Day ACH Rules – Are You Ready? New NACHA same day ACH rules are here – are you in compliance and up to date? NACHA is currently implementing same day ACH in hopes to improve the capability for …

NACHA: Same Day ACH Rules – Are You Ready? Natalie Yerger

17 Feb
2017 Read More

Cyber SARS!

Cyber SARS! Since the much-debated hacks of the Russians into our election process, cyber-security has received heightened attention. Cyber-security involving financial transactions or critical information of its customers is of highest concern. So what can we do to help law …

Cyber SARS Evelyn I. Dehmey

20 Jan
2017 Read More

Does Your Fair Lending Policy Need Updated?

On September 15, 2016, HUD issued “guidance” for “persons with Limited English Proficiency” (LEP) that was effective immediately. The guidance applies to mortgage lenders, which includes most financial intuitions. LEP refers to a person’s limited ability to read, write, speak, …

Does Your Fair Lending Policy Need Updated? Evelyn I. Dehmey