Pop Quiz – Shared Branching on New Currency Transaction Report You may have noticed a new option called “Shared Branching” on the updated Currency Transaction Report (CTR) form. “Shared Branching” could only mean one thing – the customer conducted transactions …
How does Pennsylvania’s New iLottery Affect Financial Institutions? On June 4 the Pennsylvania Lottery launched interactive games played online – computer, tablet or mobile devices – for chances to win up to $250,000. Players must first sign up for an …
Social Engineering in 2018 A little over a year ago the WannaCry and NotPetya Ransomwares raised havoc across the world causing massive computer outages. A year later these types of attacks are only on the rise and we should expect …
Can I Stop Collecting Expanded HMDA Data? On July 5 the CFPB issued a press release announcing the partial exemption for institutions who originated fewer than 500 closed-end or 500 open-end lines of credit in the preceding two years. Since …
It feels like just yesterday we were preparing for Windows XP and Server 2003 end of life. If you haven’t already, now is the time to get a plan in place to migrate off Windows 7 as support will end …
Modifications to the Community Bank Leverage Ratio Requirements from Passing of Act 2155 Act 2155 – Economic Growth, Regulatory Relief and Consumer Protection Act passed on May 22, 2018 provided modification to the current Community Bank Leverage Ratio (CBLR). Below …
Modifications to the Community Bank Leverage Ratio Requirements from Passing of Act 2155 Natalie Reifsneider
Mortgage Lending Rule Modifications from Passing of Act 2155 Act 2155, Economic Growth, Regulatory Relief and Consumer Protection Act, was passed by the United State House of Representative on May 22, 2018. This Act modifies provisions of the Dodd Frank …
Mortgage Lending Rule Modifications from Passing of Act 2155 Natalie Reifsneider
Passing of Act 2155 Creates Volcker Rule Exemption Prior to the passing of Act 2155 – Economic Growth, Regulatory Relief and Consumer Protection Act on May 22, 2018 all banks were subject to prohibitions on propriety trading. Proprietary trading is …
Natalie Reifsneider Passing of Act 2155 Creates Volcker Rule Exemption
TRID: Black Hole Amendment The Consumer Financial Protection Bureau (CFPB) finalized an amendment in April 2018 regarding its “Know Before You Owe” rule known as the “black hole.” The “black hole” refers to the conflicting timing requirement for the Loan …
CDD/ Beneficiary Ownership – CD (Renewal) Dilemma Until April 3rd, institutions were allowed to risk-rate “triggering events” that would stimulate the new beneficial ownership certification. At the 11th hour, FinCEN published its beneficial ownership FAQ and sent the banking world …
CDD/ Beneficiary Ownership – CD (Renewal) Dilemma Evelyn I. Dehmey