2015 ACH Changes to Prepare for: Returns and Monitoring There are just a few changes in the ACH processing environment for 2015. September 18th ODFIs will need to alter existing procedures for monitoring ACH returns on their originators. If you …
Tech Minute – Ransomware is on the Rise What is it? Ransomware is a type of malicious software (malware) that infects a computer and locks it down so that the owner or user can not access any of the information …
Destructive Malware Guidance (FFIEC) Ransomware is on the Rise
Enhanced Cyber Security: New York State Proposal As cyber crime continues to evolve, many experts are raising caution to new points of attack. In addition to focusing on the consumer, hackers are refocusing their efforts on financial institutions choosing to …
Enhanced Cyber Security: New York State Proposal Jeffrey J. Johns New York State Proposal
Newly Adopted Capital Rules – Are You Ready? Is your bank’s capital umbrella strong enough to weather potential financial storms? The FDIC wants to ensure your umbrella is not only strong enough, but is also ready. The FDIC’s recently adopted …
Julie J. Mixtacki Newly Adopted Capital Rules – Are You Ready?
Did You Know It’s Illegal to Photocopy Military ID; How to Comply with CIP Requirements? Many institutions include military identification cards as a primary form of identification for meeting the Bank Secrecy Act (BSA) standards for a Customer Identification Program …
Did You Know It's Illegal to Photocopy Military ID; How to Comply with CIP Requirements Evelyn I. Dehmey
More clouds on the radar, are you ready? As cloud computing continues to mature and gain popularity worldwide, the financial industry creeps ever closer to integrating this methodology into their IT strategy. Most of this migration has occurred with peripheral …
Mortgage Loan Originator Blunders The mortgage reform that took effect in January 2014 now requires that Mortgage Loan Originator identification be included in 3 documents: Credit Application; Note or Loan Contract; and Security Instrument (Mortgage). These documents must identify both …
Evelyn I. Dehmey Mortgage Loan Originator Blunders mortgage reform
FFIEC releases findings of Cybersecurity assessment In this day and age it seems like there is a constant stream of cyber threats to financial institutions. In order to address this constant evolution, financial institutions have adopted various methods to mitigate …
Allowance for Loan Lease Loss Common Mistakes The Allowance for Loan and Lease Loss (ALLL) continues to be a major focus for the Banking regulators. The allowance is the most significant estimate within an institution and an area where bankers …
Establishing a Compliance Management System Impact of the CFPB The Dodd-Frank Act gave the CFPB supervisory and examination authority over collection agencies, debt buyers and collection attorneys, as well as, Banks and other members of the financial services industry. The …
Debbi S. Fetter Establishing a Compliance Management System Lisa M. Steen