Banker's Toolbox solidifies its position as the premier solution for fast-growing financial institutions with the release of BAM+ 4.0 upgrade.
Banker's Toolbox continues to lead the BSA/AML and Fraud prevention marketplace with the release of BAM+ 4.0. This solution provides increased detection with more versatility, transparency and control. BAM+ 4.0 also boasts a new customer due diligence platform, Due Diligence Manager, which will keep institutions compliant with the impending beneficial ownership mandates. (Read full press release here.)
CFPB posts report on college card agreements
The CFPB has posted its 2017 annual College credit card agreements report to Congress. The Credit Card Accountability, Responsibility and Disclosure Act (“CARD Act”) requires the Bureau to submit to Congress, and to make available to the public, an annual report that lists information submitted to the Bureau concerning agreements between credit card issuers and institutions of higher education or certain organizations affiliated with such institutions. Affiliated organizations include fraternities, sororities, alumni associations, or foundations affiliated with or related to an institution of higher education.