Both the Equal Credit Opportunity Act (ECOA) and the Fair Credit Reporting Act (FCRA) contain requirements for providing notice of action taken. This two-hour webinar reviews the requirements of both laws.
During January 2019 the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Farm Credit Administration (the Agencies) published a final rule implementing the private flood insurance rules, effect
TuesdayJune 04, 2019 1:30 pm CDT
Reporting HMDA Action Taken for Conditional Approvals
Reporting the final action taken for HMDA can be confusing, especially for conditional approvals and counteroffers. It is important to look at the reporting requirements and align them with the financial institution’s lending process.
In today’s high-fraud environment, banks who have gaps in their wire transfer fraud program are set up for significant losses and compliance issues. Often these gaps go undetected until fraud occurs.
The headline read, “Lawsuit alleges discriminatory lending practices by Liberty Bank.” Whether the case involves a lawsuit from a government agency or an independent one, the reputation risk is real and “innocent until proven guilty” can be a media m
TuesdayJune 18, 2019 1:30 pm CDT
Hemp, CBD, Marijuana and Your Bank -- 2019 Status Update
Have you been tuning in to the twists and turns of the cannabis banking “soap opera”? Are you confused about whether, or under what conditions, your customers can grow hemp? Is CBD legal now under federal law? Can it be sold anywhere/everywhere?
WednesdayJune 19, 2019 1:30 pm CDT
Opening Foreign Business Accounts—CIP, CDD and Risk
The hardest task for frontline staff is handling an upset account holder, dealing with confrontation, and bullying by account holders. In these situations, other staff members can overreact, producing unnecessary additional conflict.
You know what makes me mad? It’s when a customer makes a stupid choice to EFT money, then wants to make a claim so they can get that money back from the bank. When the bank has a claim for an unauthorized EFT, it costs the bank real money.
There are hundreds of ways to make critical security mistakes within a financial institution -- and there's so little time to deal with the aftermath created by those mistakes.
FridayMarch 27, 2020 1:30 pm CDT
Developing Procedures for Third-party Claims for Funds and Info
When your institution is presented with a third party’s claim for funds from or information about a customer’s accounts or business relationship with the institution, there is little time to consult with bank counsel to determine how or whether to re