Bankers' Hotline, Volume 24, Number 8
During a recent speech, FinCEN Director Jennifer Shasky Calvery stressed the importance of servicing and monitoring risky businesses, and the value of reporting suspicious activity.
To beef up efforts in identifying and mitigating illicit financial activity, FinCEN is proposing enhancements to existing customer due diligence programs.
In The News
- CFPB Comes to Military's Defense
- Helping Consumers Set Financial Goals
- Costly Opt-In for Overdrafts
- The Value of $1 Currency vs Coin
FDIC Finds First Wave Submissions Lacking
Knowing the Credit Report Rules
Customers often turn to their financial services providers for advice on correcting false credit reports. Your staff should be trained to respond to and assist those customers with the appropriate information and resources.
The CFPB wants to make sure consumers know the risks associated with virtual currency and what to do if they encounter problems.
A bank's grand gesture of appreciation turned into a viral (priceless) promotional campaign.
Focus on Fraud
From the editor's desk
Check Egos at the Door
The key to an effective access control program is limiting access privileges based on relevant job functions versus the employee's job title.
Questions & Answers
- Virtual Kidnaping Scams
- Safe Deposit Box Coverage
- Defining an "Abusive" Act
- Why Do I Need UDAAP Training?
- Executive Director:
- Barbara Hurst
- P. Kevin Smith, CPP
- Contributing Editor:
- Genilee S. Parente
- Board of Advisors:
- John S. Burnett
Peter G. Djinis, Esq.
Lucy H. Griffin
Mary Beth Guard, Esq.
Robert G. Rowe, III, Esq.