Finally! Flood Insurance Interagency Regulations! First there was the Biggert-Waters Flood Reform Act of 2012 (BWA)! At the 11th hour for implementation, there came the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA) that modified some of the elements of …
Protecting Your Elderly Customers from Elder Abuse – Is Your Defense Strong Enough? Financial institutions are the first line of defense for identifying and reporting elder financial exploitation, one type of elder abuse, to the proper authorities. Since elder abuse …
Are You Reporting Regulation O Exposure Appropriately? Regulation O – Loans by Members Banks to their Executive Officers, Directors, and Principal Shareholders governs the requirements for Banks in handling extensions of credit to their executive officers, directors, principal shareholders and …
Are You Reporting Regulation O Exposure Appropriately? Rachelle L. Gordon
Boomers: We’re Gonna Rock Your World…(psst…we’ve already started!) Baby Boomers, the generation that changed the world is changing your banking world. With over 500 boomers hitting retirement age every hour for the next decade and a half, have you prepared? …
Unfortunately, cybersecurity risk continues to become a more and more relevant threat to all financial institutions, regardless of asset size. As a result of increasing industry concern and actual events, the Federal Financial Institutions Examination Council (FFIEC) has been working for …
In the first quarter of 2015 SARs submitted for depository institutions totaled 213,280. In 2014, the total number was 886,927. The submissions have gradually increased since the introduction of the electronic SAR form in 2012. With those large numbers you …
In many institutions, website information is a static place to advertise your core banking services, interest rates, and act as a portal to online banking services. The periodic process of ensuring these pages are both accurate and relevant becomes even …
To bank MSBs or not to bank MSBs – that is the question the Financial Crimes Enforcement Network (FinCEN) wants financial institutions to start asking themselves again. FinCEN’s November 2014 clarification of expectations regarding financial institutions’ treatment of prospective and …
June 18, 2015 – TRID rule to be postponed two months Consumer Financial Protection Bureau Director Richard Cordray issued a statement late yesterday afternoon announcing that the Bureau will issue a proposed amendment to delay the effective date of the …
Batten Down the Hatches – Changes to NFIP Flood Insurance Manual Are In Effect It’s time to navigate the waters of the recent changes to the National Flood Insurance Program (NFIP) Flood Insurance Manual! Just in time for hurricane season, …
Biggert-Waters Flood Insurance Reform Act of 2012 Changes to NFIP Flood Insurance Manual Are In Effect Homeowners Flood Insurance Affordability Act of 2014 Julie J. Mixtacki