Business Continuity Testing Plan The Business continuity cycle consists of five major components: risk assessment, a business impact analysis, written procedures, test planning and the actual testing program. The test planning tends to fall by the wayside and in turn …
In July of 2015, the Office of the Comptroller of the Currency (OCC) along with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the Farm Credit Administration and the National Credit Union Administration …
Don’t let your Dormancy Procedures Go Dormant – Stay Ahead of the Fraud Dormant account fraud is currently on the rise for banks due to consumers failing to monitor their accounts frequently. A dormant account is defined as an account …
Don’t let your Dormancy Procedures Go Dormant Natalie Yerger Stay Ahead of the Fraud
CRA: Get the Credit You Deserve – Part II An important component of the Community Reinvestment Act (CRA) Examination is Community Development. In Part II, we will concentrate on community development loans. The Interagency Questions and Answers Regarding Community Reinvestment …
Community Reinvestment Act (CRA) CRA: Get the Credit You Deserve – Part II Shanin L. Bachstein
Considering Prepaid Cards? Are you considering the addition of prepaid cards to your products and services list? If so, here is what you will want to consider. As prepaid product volumes increase, it has become one of the most rapidly …
Cyber Alert: Extortion: FFIEC Puts Institutions On Notice A rise in the frequency and severity of cyber attacks involving extortion has prompted the FFIEC (Federal Financial Institutions Examination Council) to put financial institutions on notice. The attacks are centered around …
Cyber Alert: Extortion: FFIEC Puts Institutions On Notice Jeffrey J. Johns
Safe Act – NMLS Renewal FYIs It’s that time of year to complete the annual renewal for the Nationwide Multistate Licensing System (NMLS). The renewal period lasts from November 1st through December 31st. Unless an MLO (mortgage loan originator) completed …
Karlee S. Page Nationwide Multistate Licensing System Safe Act - NMLS Renewal FYIs
Dust off your Incident Response Plan As we near the end of the calendar year, if you haven’t planned on testing your incident response plan (IRP), you should get something on the calendar now (and going forward). Unfortunately, security incidents …
THE BEST DEFENSE IS A GOOD OFFENSE! Are you prepared to defend your “reasonable procedures” as a “Furnisher” of credit report information? There has been a recent rash of court cases involving “furnishers” of credit report information: The New York Attorney …
Vendor Management Risk Assessment Vendor Risk Assessments As with many areas within the banking world, in order to appropriately understand the nature of the given environment, assessing a variety of risks is essential. Risk rating vendors is also an important …