One banker commented “Reg E hasn’t changed, so what’s to learn?” While the Reg itself and the commentary haven’t changed, interpretations of who is a financial institution, what is an error and who has to investigate those errors have.
With violence at historical levels, what can we do to protect ourselves? Lone workers face an increased risk for assault or violence on the job. This may be from members of the public, intruders, or customers.
During the last few years we have had the Secure Act 1.0 and Secure Act 2.0 and new regulations on RMDs and Inherited IRAs. Plus, we have a myriad of new exceptions to the 10% penalty.
On-Demand Webinars about Operations
Recorded on March 14, 2023
Regulation CC: Funds Availability (Deposits and Holds)
Nobody wants compliance mistakes but when they are tolerable and in moderation, you learn from them and that’s an improvement. Mistakes can be great when you learn from someone else’s because you don’t suffer the consequences.
Did you inherit the safe deposit area and then start wondering what liability might exist? Historically, this responsibility has been routinely passed from employee to employee with little attention given to existing procedures or documentation.
Regulation CC includes rules on check collection and the relationships between depository institutions that provide for collection, presentation, and return of checks.
We’ve seen the news – violence is up; homicides in America are at historic levels. We can no longer afford to ignore the possibility that it could strike at our office. What can we do to prepare?
Have you caught up on all the Operations changes on your list from 2022? Did you put out all those “fires” that popped up, or are there still some hot spots?