Most Popular Operations Content
When vendors are not cooperative
03/17/2024
How do you deal with a vendor point of contact who is not providing you with the documentation that you are requesting?
Due diligence cannot rely on vendor reputation
03/17/2024
Do we really need to conduct due diligence on all of our 3rd party vendors, including fintechs? I can understand the ones that appear to be riskier, but there are some that are very well-known in the industry and are very well respected. Wouldn’t the regulators just see the same thing in our file as they did the last bank they just left?
Can we require FinCEN identifiers?
03/17/2024
Are FinCEN identifiers required?
Approval of garnishment and subpoena policies and procedures
03/17/2024
At what level should policy and procedures for handling garnishments and subpoenas be approved?
Reg E is “use dependent”
03/17/2024
I have heard that business accounts do not fall under Reg E. How does this apply to internet banking and what about a business account that is a sole proprietorship?