Monday, July 7, 2014



The following articles are featured in the Compliance section:
  • Power of Attorney (POA) - Related SAR Filings
  • Bank Not HMDA Reportable - Compliance Issue?
  • UCC Law Prevents Closing Multiple Accts w/o SAR
  • Reg E Unrestricted Debit Card For Foreign Travel
  • Does The IRS Require TIN/SSN Verification?
  • Deposit Compliance Officer & Lending Officer
PATRIOT OFFICER® offers the most effective and advanced technology to consolidate your Anti-Money Laundering, Anti-Terrorist Financing, and Anti-Fraud effort through a centralized case management platform with the highest efficiency? Contact sales@gv-systems.com to see how easy you can manage your regulatory compliance and risk management resources with optimal efficiency while removing duplicate effort.

22% of banks still use Excel spreadsheets for tracking exceptions. Meanwhile, only 14% of institutions use an integrated loan document management system for tracking exceptions. Why do banks still prefer spreadsheets vs. more automated systems? The answer may surprise you. Read the study of 96 community banks.



The following articles are featured in the Lending section:
  • Exception Tracking - Automated vs. Manual - What's the Difference?
  • We Use Our Core to Track Exceptions. What Do Other Banks Do?
  • We Use Spreadsheets to Track Exceptions. What Do Other Banks Do?
  • Require Borrower to Determine Loan Product?
  • Lien Status on Home Improvement Loan CD
  • Guidelines/Information on Share Loans
  • Escrow Loan If Mobile Home Purchase w/Real Estate?
  • Mortgage Loan on Property Held in a Trust
there are countless advantages to outsourcing BSA/AML Transaction Monitoring to the experts? Imagine NO MORE transaction monitoring, alerts, caseloads and staffing issues, while creating more time for other responsibilities. Outsource your transaction monitoring to AML RightSource and experience continuous process improvement to increase the effectiveness of your BSA program.



The following articles are featured in the Operations section:
  • Charge Fees For Account In The Neg On 1st Day?
  • MC Zero Liability- How to Define Small Business
  • How to Get Credit Back From The Endorsing Bank
  • Issue 1099 If Deposit $100 for New Business Acct?
  • Letter of Direction to Decline/Split IRA Account
the OCC and CFPB recently issued new requirements for third-party oversight? These are critically important for anyone involved in collateral valuation or appraisal operations. Click here for a white paper with fourteen recommendations for efficient third-party oversight.



Read the Current Edition of Tech Talk

conducting Regression Analysis on your loan data is the only definitive way to determine if your institution treats all applicants equally? However, Fair Lending Regression Analysis isn't right for everyone. Download a FREE eBrief, "A Fair Lending Regression Primer" from TRUPOINT Partners to learn how regression is used in Fair Lending compliance.



Are you looking for help from other bankers?
Check out the
Bankers' Threads!

Reporting Counterfeit Currency
If a customer or business deposits counterfeit currency to their account and the bank catches it, is against the law not to report this to the U. S Secret Service?

Read and weigh in with some helpful information on Counterfeit Currency in the Security - PUBLIC Forum.

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