In April 2016 Mastercard reorganized all of its chargeback codes into four major categories, Authorization-related chargebacks, Cardholder dispute chargebacks, Fraud-related chargebacks and Point-of-Interaction errors.
WednesdayOctober 31, 2018 1:30 pm CDT
A Banker's Responsibility for Fair Credit Reporting Act Compliance
The Fair Credit Reporting Act (FCRA) has been around since the 1970s. The law was fairly straight forward for many years. The Fair and Accurate Credit Transaction Act (FACTA), which became law on December 4, 2003, revised the FCRA.
TuesdayNovember 06, 2018 1:30 pm CST
Common Issues and Errors with Living Trust Accounts
Living trusts have become a popular estate planning vehicle, but they can cause headaches in the operations area when customers don’t understand what they can and cannot do with their trusts.
When the escrow rules were changed about seven years ago some banks wanted nothing to do with them and said they would stop offering certain products rather than manage escrow accounts.
This program takes a deep, hard look at the risks and rewards, the practical challenges of truly avoiding banking MRBs, as well as the challenges of embracing them.
Join us to get into the “down and dirty” of investigations!
Regulation E requires that institutions perform an investigation if a consumer makes a claim of an error, such as unauthorized debit activity.
Requiring someone to sign a loan, especially a parent or spouse, or even intimating such a requirement is a significant fair lending issue. Fair Lending is an ongoing hot topic with the banking agencies.
2018 was expected to bring a slowdown in the volume of compliance changes. The Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA), which was advertised as reducing burden, will keep compliance personnel busy for months to come.
The CFPB has issued repeated warnings that it will "continue to review furnisher compliance with FCRA requirements." Do your employees understand their FCRA/FACTA obligations?
VISA recategorized its chargeback reason codes in April 2018. These changes could impact your Reg E investigation processes as well as non-reg E related disputes.
Training is a Pillar of your BSA/AML compliance program. And there is so must to train on! A new CTR, big changes on a new SAR, new beneficial ownership rules and risk-based customer due diligence. Is your staff ready and trained?
Safe deposit vault burglaries and disasters like 9-11, Hurricanes Harvey, Irma, Ike and Katrina, damaging tornados, devastating fires, raging floods and many other nationwide disasters have significantly impacted our safe deposit industry.
Recorded on September 06, 2018
IRS Reporting Requirements: 1098s, 1099s, TINs and Backup Withholding
It has always been said that no job is finished until the paperwork is done, and that is certainly true for your credit union and its IRS reporting responsibilities.
Since December 29, 1987 banks have been required to develop and deliver Adjustable Rate Mortgage (ARM) program disclosures for each different ARM program offered. The disclosures must be updated at least annually.
The deadline is approaching for compliance with “TRID 2.0.” The first TRID rules left us with lots of questions, but the 2017 changes have cleared up much of the confusion, while adding a few complexities.
Providing a timely Loan Estimate can be a challenge, and making mistakes can be costly. The first TRID rules left us with lots of questions, but the 2017 changes have cleared up much of the confusion.