Professionals

The ever-evolving landscape of financial regulations has intensified scrutiny and rigorous enforcement of anti-money laundering (AML) and Bank Secrecy Act (BSA) laws. Non-compliance can lead to hefty fines and compromise an organization's reputation. Certification of BSA/AML officers is in high...

  Are your SARs effective? Discover how to provide better information and ensure compliance.  Banks must file complete, accurate, and timely SARs to ensure that FinCEN, bank supervisory agencies, and law enforcement derive maximum benefit from the information. Preparation errors and...

Protecting Your Institution From Payment Fraud Payment fraud is rising fast - banks and credit unions are high-value targets. Institutions lose even more than customers in direct and hidden costs. This training takes a practical, real-world look at how to...

ChatGPT consultant Michael Marcucci, CRC, CIA, with over 30 years of credit risk experience, will discuss the risks and opportunities of AI. Michael will provide bankers with an overview of how AI and ChatGPT work, offering step-by-step guidance, best practices,...

Loans in Areas Having Special Flood Hazards. Strengthening Compliance with Federal Flood Insurance Requirements Lending institutions must notify borrowers and servicers of special flood hazards for loans in FEMA-identified areas. Before originating a loan secured by a property located in...

Compliance Requirements in the Cannabis Banking Industry. Explore the Fundamentals, Compliance, and Limitations In an industry known for its fast-paced changes. While it remains illegal under federal law to manufacture, distribute, or dispense marijuana, many states have legalized it for...

Is your financial institution experiencing record check fraud losses? You're not alone if you answered "yes." FinCEN has reported huge increases in check fraud SARS filings. The FBI estimates that check fraud losses amount to $18 billion a year. Payments...

Grasp the Fundamentals of ACH: Learn the Essential Terminology and Concepts To keep up with the rapid growth of ACH volume, you need to understand its history, terminology, and core concepts. These building blocks will enable you to utilize the...

How Do ACH General Returns and Extended Returns Differ? Learn How to Work With Third-Party Service Providers Safely. Financial institutions face increased regulatory compliance risk as ACH transactions grow. Appropriate handling of general returns vs. extended returns is particularly confusing...

Save Time Working in Excel With the IF Function: Learn How to Use Powerful Logical Functions Microsoft Excel's user base continues to grow and hundreds of thousands of currently open positions require Excel proficiency. If you want to understand your...

Does Your Fair Lending Program Comply With Current Rules? FDIC Leadership Changes May Bring More Scrutiny. On February 5, Martin Gruenberg became acting chairperson of the FDIC. He stated that fair lending will be a high priority under his leadership....

Combat Racism at Your Institution. Stop Discrimination from Hurting People. The FDIC just released the agency’s latest strategic plan to incorporate and promote diversity, equity, and inclusion (DEI) in every aspect of its mission and operations.  From overt actions to...

New ACH Rules Take Effect: Have You Updated Your Financial Institution’s Procedures? Meaningful Modernization rules will go into effect for the ACH network. You need to prepare your financial institution now to comply with the rule changes. The five new...

Learn the Rules and Codes for ACH Returns. Prepare to Handle the Intricacies of Various Situations. Receiving Depository Financial Institutions return ACH entries for many reasons. You must understand the specifics of each situation, including administrative returns, unauthorized returns, and...

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...

One Nationally Chartered Bank Now Offers Bitcoin – Will You? Learn How to Meet Growing Demand and Minimize Risk. The first nationally chartered U.S. bank with FDIC insurance began offering Bitcoin services this month, allowing customers to buy, sell, and...

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...

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...