Skip to content
 

Latest Compliance - Information Security Guidelines Topics

Insuring against fraud losses

02/11/2018

We have a cyber rider as part of our bank’s insurance policy. Won’t that cover any losses we have due to wire transfer fraud?

Confirming wire-transfer controls

02/04/2018

Do we need to confirm that our commercial wire transfer clients have controls in place to prevent wire transfer fraud?

Privacy and Outsourcing Loan Reviews

10/04/2004

What are the privacy issues related to having a contract person providing loan analysis as opposed to a full-time employee? This person would be required to see financial statements, credit reports, and other personal information about existing customers.

Strengthening Your Customer Information Policy & Procedures

01/20/2003

We have a policy and procedures on Safeguarding Customer Information. My problem is, FDIC EDP examiner wants more meat on it, such as; address logical and physical access controls to CIF. No incident response policies? I can't find the information in the Federal Register. Vendor oversight requirements have not been formalized, Can you direct me to any site that will have examples or answers to these questions?

Required Employee Training

02/11/2002

I'm a new compliance officer and I need to know what regulations require employee training. I'm in the process of putting together a compliance training calendar for my bank.

Surprises in the Final Information Security Guidelines

01/15/2001

The federal banking regulators have agreed to on final Interagency Guidelines Establishing Standards for Safeguarding Customer Information ("Guidelines"). You previously wrote two articles for us on the proposed guidelines. (See <a href="gurus_technology1211.html">Part 1</a> and <a href="gurus_technology1218.html">Part 2</a>.) Were there any surprises for you in the final version of Interagency Guidelines Establishing Standards for Safeguarding Customer Information? And could you give us a quick heads-up on what the final guidelines provide?

Most Popular Compliance Content

Billpay-Overdraft program or Extension of Credit?

06/17/2018

We are about to implement a risk based billpay model in online banking. Our billpay vendor will make the payments on the customers' behalf, and then send us a file that we will post to the customers' accounts. If there are insufficient funds to cover any of the billpays, we will need to attempt to collect the amount from the customer due to the fact the funds have already been sent. Would this be considered an overdraft program or an extension of credit? Would there be any Reg O concerns associated with this process considering a Director could initiate a billpay that overdaws their account and if it is considered an extension of credit it may cause a Reg O issue. I do not believe this is governed by overdraft regulations and would not be considered an extension of credit.

Nominee Entity: Single Member LLC or Partnership

06/17/2018

Would a single member LLC owned by a trust company or the bank, be a more suitable entity to act as a nominee for a trust department than a partnership? The FDIC Examination Manual suggests that partnerships have historically been used but having individual officers be "partners" of the nominee entity doesn't seem to fit since they aren't really owners of the nominee entity but rather seems to be more like nominees for the bank or trust company.

Pages

Penalties View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics

Compliance Topics

Discussion