Collection: Banking Courses

1007 Pages of New FDCPA Final Rules: Learn What Changes Are Required. In October and December, the CFPB issued 1007 pages of new final rules that will affect debt collectors and financial institutions. You need to understand the spirit and...

The Ultimate Guide to ACH Receiving: Learn Your Institution’s Obligations as an RDFI Every Receiving Depository Financial Institution (RDFI) has obligations, rights, and responsibilities when processing transactions through the ACH Network. If you are new to ACH operations, serve as...

Do You Have Risky ACH Agreements? Learn How to Work With Third-Party Service Providers Safely As an ODFI, you must understand your institution’s warranties and liability within the ACH Network. The agreements you maintain with your originators and third-party service...

The Ultimate Guide to ACH Origination: Learn Your Institution’s Obligations as an ODFI Every Originating Depository Financial Institution (ODFI) has obligations, rights, and responsibilities when processing transactions through the ACH Network. If you are new to ACH origination, serve as...

Growing ACH Volume Has Led to More Anomalies: Learn How to Handle Uncommon Situations. The pandemic has caused ACH volume to soar. Among the millions of transactions processed daily, an increasing number contain uncommon issues. All financial institution operations employees...

Does the CFPB Agree That You Comply With Regulation V? Learn How to Follow the Fair Credit Reporting Act Carefully. You need to ensure that you are adhering fully to Regulation V, which imposes various requirements on financial institutions. This...

Your SAR Filings Could Use Some Help: Discover Current Requirements and Adjust Your Practices. On June 30, FinCEN announced new national priorities for anti-money laundering and countering the financing of terrorism. This missive emphasized your “obligations to identify and file...

When Should You Use a WSUD? Choose the Right ACH Stop Payment Option for Each Situation. One of the most common audit findings is errors made with stop payments and Written Statements of Unauthorized Debit (WSUD). You need to understand...

How Will the Abrupt End to the CDC Eviction Moratorium Affect Your Institution? Learn How to Proceed with Foreclosures Now. On August 26, the long-standing and extended moratorium on evictions and foreclosures ended in a Supreme Court decision. The previous...

Unauthorized Debits and Stop Payments - Learn the current rules and processing requirements Recent ACH rule changes attempt to stop fraud by updating requirements for statements of unauthorized debits. Consumer receivers in ACH may have debit items returned to the...

Newest FinCEN Guidance on Section 314 and Illegal Activity: Learn the Guidance for Collaborating With Other Institutions In December, FinCEN released new guidance on applying section 314 of the U.S. Patriot Act governing information sharing. The global pandemic and changes...

Delve Deeper to Improve Your Call Report: Learn How to Ensure Consistency and Sustainability. As the new quarter begins, you need to focus on the quarterly Report of Condition and Income (call report) filed by your institution. You can use...

Are Russian Hackers Targeting Your Organization? If Not Yet, They May Soon—Prepare Now. U.S. organizations are in an unprecedented and heightened state of risk from Russian cyberattacks due to current geopolitical tensions. Ignoring this reality and not properly preparing could...

ACH Disputes: Learn How to Investigate and Resolve Them ACH disputes are rising, resulting from an increased volume of transactions, pandemic-ravaged account balances, and untrained staff. Simultaneously, some rules have changed. You need to understand your institution’s current obligations for...

Do You Know The Details Of ACH Operators? Learn About These Entities And How To Work With Them. The Federal Reserve and The Clearing House facilitate all automated clearing house (ACH) entries across the country and are critical to financial...

Do You Know How to Use Detailed Features in Excel? Master Data Analysis Features for Financial Institutions. All financial institutions are inundated with data. Tracking and analyzing this information is critical. It is not difficult to leverage a basic understanding...

Decipher the Format of ACH Files: Learn the Logic Behind Nacha Formatting Standards Every piece of data in a Nacha-formatted ACH file has a meaning and purpose. Understanding the structure and format will enable you to decipher transactions, spot exceptions,...

Create Compelling Charts in Excel: Learn How to Use Advanced Analysis Features Easily. If a picture is worth 1000 words, a chart is worth at least 2000. It can show the meaning of large amounts of data much better than...

What Are Your Three Options For ACH Exceptions? Learn The Requirements And Procedures. As ACH transactions increase due to the pandemic, exceptions are becoming more common. All operations staff members in financial institutions must understand how to handle ACH exceptions...

Show Frontline Staff How to Handle the Increasing Volume of ACH Transactions: Provide Training on the Fundamentals and Latest Developments As the world has moved online over the last year, the volume of ACH transactions has skyrocketed. Account holders are...

Just when you thought you were beginning to understand the intricacies of the Paycheck Protection Program, the rules changed again. New revelations regarding the flexibility of the use of funds, tax implications, and a second round of funding all affect...

Follow updated mortgage transaction reporting thresholds. Explore recent CFPB guidance relating to Regulation C. Congress enacted the Home Mortgage Disclosure Act (HMDA) to identify discriminatory lending patterns and practices. Implemented by Regulation C, this law requires financial institutions to collect...

Explore Proposed Qualified Mortgage and Ability to Repay Requirements: Prepare for Regulation Z Changes. The Truth in Lending Act promotes the informed use of consumer credit by prescribing disclosures about loan terms and costs. Implemented by Regulation Z, this law...

New CCPA Regulations for Your Institution: Learn How to Comply. The California Consumer Protection Act (CCPA) provides information privacy rights to California citizens and affects financial institutions, including those outside the state. Proposition 24 passed in November 2020, imposing additional...