Update your business account procedures with new rules for beneficial owners. Who is in and who is out? What needs to change and what remains the same.
The Military Lending Act rules changed in October of both 2016 and 2017. I still see questions pop-up on MLA procedures and some banks are spending money needlessly complying with old and new rules.
When your account holder's name does not match for IRS purposes, you are sent a CP2100 and your financial institution has to being the B notice process and often times backup withholding on your customer. This is time consuming and expensive.
Recorded on September 22, 2017
Advanced ACH: Death Notification Entries and Reclamations: A Banks Responsibilities
Processing ACH payments from the Federal Government can be a challenge. Not responding properly to DNEs (Death Notification Entry) and ACH Treasury Reclamations exposes the bank to financial losses, operational risk, compliance risk and legal risk.
So many “rules.” And piles of policies combined with an endless list of procedures, many of which don’t seem to make sense or seem like overkill. Is it really necessary to follow them all? Yes, actually it is. What you may not understand is why.
Recorded on August 23, 2017
Part II - Flood Insurance Compliance - A Two-Part Companion Webinar Series
Have you heard the latest on flood insurance compliance? Join us for a two-part webinar series covering the flood insurance compliance requirements. This is four hours of training divided into two companion webinars without duplication.
Why mess with accounts for minors? Boys and girls who are minors today may grow up to be valued customers of your bank in the future. Establishing a relationship with them at an early age may win their loyalty.
Developing new account and deposit operations procedures for fiduciary accounts is not an easy task. Your account holder, the federal government or the court has named someone legally to act on his or her behalf. Now what?
Are you looking for a different angle on TRID? Potential audit and examination hot spots? If so, we have your prescription. Join us for a two-hour Auditing TRID webinar.
Are you still struggling with completing the Closing Disclosure? Join us for a comprehensive 2-hour step-by-step webinar on how to accurately complete the Closing Disclosure.