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| November, 2006 |
The hottest articles, best Threads, latest products, new faces,
and a look at some of the sponsors and advertisers who make it all possible!
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A warm welcome to the companies who joined or renewed with BankersOnline.com or BOL Vendor Connect during the past month as advertisers or sponsors. These companies help make BOL possible. Click their links to learn about them!
CC Pace
Source of information and services to stay competitive using the most secure risk management and mitigation technologies.
Green Armor Solutions
Provider of regulatory guidance to help mitigate risk and improve profitability.
Compliance Coach
Provider of FFIEC compliant two-factor authentication and anti-fraud systems to deliver maximum security and convenience.
ITI
Provider of suite of integrated software and services, delivering integrated and customized solutions.
John M. Floyd and Associates
Helps banks increase their profitability, analyze operating costs, income opportunities and reduce expenditures.
Quova
Source of geolocation data and services to the online enterprise. Provider of IP intelligence.
Wolters Kluwer
Resource of compliance, technology, content and services to the banking community to reduce risk and operate more efficiently.
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GenerousLife posted the detailed answer to MSB Primer. The question was, "What is an MSB, how do they work and what documentation is needed?"
The reply from GenerousLife included:
"Activities that fall into the NBFI category are:
- Cashing checks (over $1000 becomes MSB)
- Selling or redeeming money orders (over $1000 becomes MSB)
- Selling or redeeming travelers checks (over $1000 becomes MSB)
- Currency exchange (over $1000 becomes MSB)
- Selling or redeeming Stored Value Cards (over $1000 becomes MSB)
- Money transmitting (any amount becomes MSB)"
GenerousLife, we'll be contacting you via email or Private Message about your prize.
This month's question, "What is a NOW account (12 U.S.C. 1832(a)), and how does it work?"
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Three new tools were added to the Banker Tools section during October.
Overdraft Protection Programs are all the rage. You decide if the rage is good or bad and if you want to advertise ODPs or not. If you do, here are 22 scenarios that tell you when the advertising and statement rules are triggered, and if you don't want to advertise ODP, the same 22 scenarios will be of interest to you. What you should do and avoid is on the Courtesy Overdraft Program Advertising Matrix.
Len Suzio, with GeoDataVision, updated his popular analytical tool introduced first with the 2004 community development loan data. The 2005 data was submitted by financial institutions across the country in early 2006 and compiled for your use here. 2005 Community Development Report - by State, by Lender is a report you should use for, among other things, peer analysis. This year's report is even bookmarked. Len did this in response to requests from users so you can more easily get to the state data you want to see.
Marcia Baker of Hillsboro Bank uses BOL tools. When she needed basic Reg. Z training for commercial lenders, she couldn't find anything, so she authored her own, and shared it for you, in case you too need this type of training. This is a 14-slide PowerPoint covering the background, definitions, exemptions and more.
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We're continually adding to the offerings in the BOL Banker Store product line. Here are some we've added during the month.
 Living Trusts Webinar
presented by Mary Beth Guard
Your customer announces he and his wife have had living trusts drafted for each of them, plus a family trust. Now they're asking you to do something squirrelly, like set up a joint tenancy account with right of survivorship between the two individual trusts. What should you do? Find out during this 2 hour training session.
ID Verification Products
UV Pen & Digital Register
Hand Held Blacklight
P.L.E.A.S.E. ID Verification Reminder Card
New Policies and Updates
Fair Lending Policy
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Here are links to the most popular articles accessed by you and referred to colleagues during the past month.
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The 660,000 messages currently on Bankers' Threads contain an amazing mix of wisdom, humor, and practical information. We've tightened down on registration for posting in virtually every area. We believe this has greatly reduced the number of spam posts you may have seen. If you do see one, we appreciate your reporting it so that we can remove these offensive posts. To report a post to a moderator, at the bottom of each post there is a line starting with "Post Extras:" and the third icon will notify a moderator of a post that is in question. We encourage you to review and contribute to the threads. Below you'll find links to last month's most popular discussions.
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S-T-R-E-T-C-H your training budget with
BOL Learning Connect Webinars
Our trainers are professional industry leaders and insiders with in-depth legal knowledge and expertise. They tell it like it is and provide insider tips to help you perform your job better.
Register for one of our upcoming programs today!
Early-bird rate of $225 trains a conference room full, plus get free 30-day unlimited access to the archived program!
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If a picture is truly worth a thousand words, our e-Card Exchange speaks volumes. Browse our gallery of photographic art and less serious offerings and you'll find just the right image to convey your words. Click here and take a look!
 If you know a compliance officer struggling to get everything done by year end (who isn't?) then send this humorous e-card to show you understand. Go to the Work related category
of BOL’s e-card exchange to see the many other e-cards available to send to your co-workers.
Thanksgiving is the time of year to show your co-workers, family and friends that you are thankful for all they do. Send them this or one of the many other Thanksgiving e-cards to choose from in the Thanksgiving category of BOL’s e-card exchange to let them know you care.
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