Interagency Prepaid Card Guidance Consumer demand for the prepaid card has increased over the past few years due its portability, accessibility and ease of use. For BSA purposes, financial institutions have struggled with the definition of customer for these products …
Are You Educating Your Mobile Banking Customers? It seems to be the way of the financial institution in recent years. Banks of all sizes are getting on-board the mobile banking train. And why wouldn’t they be? This is the “hotness” …
Are You Educating Your Mobile Banking Customers? Rachelle L. Gordon
Appraisal Review Reminders Since the Real Estate crisis of 2008, examiners and regulators focused on the real estate appraisal process of financial institutions. The focus was more on the transaction. They established qualification criteria for individuals who were eligible to …
Dial “F” for Fraud According to the Association of Certified Fraud Examiners’ (ACFE), the average occupational fraud scheme goes on for 18 months before being detected. Insider fraud can cause financial losses, higher insurance costs, and damage the Banks’s reputation, …
Overdrafts: Regulation is Coming As we all patiently wait for the CFPB to address courtesy overdraft services, with almost as much anticipation as Season 6 of Game of Thrones, here’s what we can expect to see down the road. Spoilers …
Regulation E Disputes and Written Notification Requirements – When the “Or” Means More What is your institution’s policy regarding the investigation of Regulation E disputes and granting of provisional credit when the customer doesn’t or won’t provide the dispute in …
Julie J. Mixtacki Regulation E Disputes and Written Notification Requirements
EMV AND THE BANK What’s EMV? It’s the acronym for “Europay, MasterCard, and VISA”. It’s the card chip technology and information security that went into effect on October 1, 2015 as a requirement of card vendors and not as a …
TRID IN THE REARVIEW MIRROR! Now that implementation is history and banks have a few TRID loans under their belts, it’s time to circle back and make certain that all the bases are covered. You’ll want to be well prepared …
Is it really worth the “bait”? As long as there have been Banks, there have been people willing to rob them. There is no asset more desirable and versatile than cold hard cash. About 10,000 Bank robberies take place in …
Tax Fraud – It’s That Time of Year It’s that time of year when tax refunds are issued via paper checks and direct deposit into a demand deposit account or prepaid access card account. As the number of tax refunds …