Friday, May 25, 2018
 

Correspondent Banking: The Challenges of Data Transparency

Posted by David December 31, 1969 7:00pm
Sample Image Photo Credit: stocksnapper

As institutions continue to face challenging regulatory regimes and examinations, there are certain takeaways that banks, especially domestic branches of foreign banking organizations (“FBOs”), can benefit from, and adapt to, as a result...

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Sample Image Photo Credit: nerthuz

The recent tax law changes, which became law on December 22, 2017, will have a significant impact on future tax payments...

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Kaspersky is Kaput in U.S.!

Posted by Joseph December 18, 2017 9:54am
Sample Image Photo Credit: Public Domain

In September 2017, the Acting Secretary of Homeland Security issued what is known as a Binding Operational Directive (BOD) that compels Executive Branch departments and agencies to identify and remove Kaspersky Lab products from their systems...

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Regulation E and Business Account Errors

Posted by Sharon November 6, 2017 2:59pm
Sample Image Photo Credit: olegdudko

I was asked this week, how and when does Regulation E apply to business customers if they report a claim? My answer: it doesn’t, but it could...

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A Lesson in Equifax

Posted by Joseph September 17, 2017 4:44pm
Sample Image Photo Credit: J.R. Bale

At this point, we have all heard about the Equifax breach that has affected approximately 143 million U.S. consumers along with certain citizens in the UK and Canada...

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Controls over Employee and Officer T&E Expenses

Posted by Sharon August 16, 2017 11:05am
Sample Image Photo Credit: Galina Peshkova

Over the past year, we have seen the regulators more closely scrutinizing banks’ expenditures as they relate to Officer’s Travel and Entertainment (“T&E”).  Depending upon the nature of the bank’s business, asset size, and officer structure, controls in this area might vary greatly. However, one thing for sure is that we are moving towards the fact that institutions should have an adequate process in place to address their specific risks...

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Is Regulation CC Put on the Back Burner?

Posted by Sharon August 15, 2017 4:36pm
Sample Image Photo Credit: prykhodov

Regulation CC was enacted in 1987 in order to standardize hold periods on deposits made to banks and to regulate a bank’s use of deposit holds. There have been many changes throughout the years, but one in particular is that all checks are considered local and clear on a much timelier basis than in earlier years. One thing that remains unchanged is Regulation CC applies to both personal customers and commercial customers...

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OnCourse is a blog dedicated to providing an informative and fresh look at matters that affect the banking and financial industry including the direction of risk, compliance matters, audit, and more.


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