Robocalling – Will it Affect your Institution? The Federal Communications Commission (FCC) passed a new ruling on June 6, 2019 to allow phone companies to block robocalls. A robocall is a phone call that delivers a pre-recorded message utilizing an …
Natalie Reifsneider Robocalling - Will it Affect your Institution?
Be Careful with That Online Account Opening! A year ago on May 24, 2018, EGRRCPA Section 213 authorized “Making Online Banking Initiation Legal and Easy” (MOBILE). The intent was to make online account opening easier and was effective immediately upon …
Be Careful with That Online Account Opening! Evelyn I. Dehmey
The Call for Databases Already we check the OFAC database, which includes other watchlists. We check the Department of Defense MLA database for persons opening new accounts https://mla.dmdc.osd.mil/mla/#/single-record and the SCRA database https://scra.dmdc.osd.mil/scra/#/single-record to assure a person is on active …
Must I Use the New URLA? What’s an URLA? You’ve probably known it as Form 1003 or 65 or “Uniform Residential Loan Application.” It’s the application you’ve been accepting for mortgage loans. Due to revisions stimulated by the expanded Demographic …
For a long time, Hemp was listed on the Controlled Substance List the same a Marijuana. But the world of Hemp has been changing on a different and faster track from Marijuana. The PA Department of Agriculture first legitimized an …
Dormant Account Fraud – The Importance of Proper Monitoring One of the most susceptible areas for fraud in a bank, or financial institution, is the dormant deposit account. Dormant accounts are generally a deposit account that has been inactive for …
Dormant Account Fraud – The Importance of Proper Monitoring James Dailey
All FOS offices will be closed on Friday afternoons from April 24 through September 4. Have a great summer!
READING , PA (January 3, 2013) Herbein + Company, Inc. and McKonly & Asbury, LLP jointly announce that Herbein has acquired Financial Outsourcing Solutions (FOS) effective immediately. FOS provides internal audit, risk management, and compliance services to banks and other …