Don’t Let the Finer Points of Beneficial Ownership Procedures Slip Through the Cracks With the May 11th effective date for compliance with the final CDD rule looming, much focus has been placed on whether financial institutions will be ready with …
Don’t Let the Finer Points of Beneficial Ownership Procedures Slip Through the Cracks Julie J. Mixtacki
CECL and Technology The implementation of the Financial Accounting Standards Board Current Expected Credit Loss (CECL) standard is quickly approaching. The standard goes into effect for SEC filers in 2019, public companies who are not SEC filers in 2020, and …
Brandon Peart CECL and Technology Current Expected Credit Loss
Sending Payments in a Digital Age If you utilize mobile banking you undoubtedly have seen and more than likely have used the payments options your bank provides. But how many of us that use mobile banking truly utilize these payments …
ECCHO, ECK, ECI – What the “E” is happening with electronic check processing? As a result of the days following 9/11 and commerce nearly coming to a complete stop, the Federal Reserve Board (FRB) realized the need for electronic check …
Cindy Tice ECCHO ECI – What the “E” is happening with electronic check processing ECK Evelyn I. Dehmey
DoD Amends Military Lending Act In December 2017, the DoD issued clarification of its August 26, 2016 Interpretive Rule based on numerous requests for interpretation which was effective immediately. Several points of clarification are: Exemptions covering purchase money-secured motor vehicles …
CRA Public File – April 1 Deadline is Looming! Now that your 2017 HMDA LAR is filed (by March 1), there’s another deadline looming – Your CRA Public File must be current as of April 1 of each year per …
CRA Public File - April 1 Deadline is Looming Evelyn I. Dehmey
Do Successor in Interest Rules Apply to My Bank? Successor in interest rules take effect on April 19, 2018 and many are still wondering if and how they apply to them if they are not a “large servicer.” A “small …
If it’s Tax Season it also means PA Escheat Season! With the April 18th reporting deadlines just on the horizon, many institutions are in process of scrubbing their dormant accounts for potential escheat processing. If you fail to report timely, …
Evelyn I. Dehmey If it’s Tax Season it also means PA Escheat Season
Are You Effectively Identifying Marijuana-Related Business Customers? The Financial Crimes Enforcement Network (FinCEN) has identified thorough customer due diligence (CDD) as a critical component in assessing the risk posed to financial institutions when providing a service or product to a …
Are You Effectively Identifying Marijuana-Related Business Customers? Yesica Quintero
ACH: Time is Running Out to Provide NACHA with Feedback on Same Day ACH Since the 1970s the principal electronic transfer system, ACH (Automated Clearing House) has been transferring payments from one institution to another. Based on stability not speed, …
Automated clearing house Cindy Tice Time is Running Out to Provide NACHA with Feedback on Same Day ACH