The Impact of Person-to-Person (P2P) ACH Payments for RDFIs and ODFIs [VIDEO]

NACHA's P2P rules , approved March 7 of last year, went into effect 3/21/2014 and addresses necessary changes to handle the Individual ID field, as well as the proper use of the WEB credit by Originators. In a recent Sheshunoff Webinar , I presented a comprehensive overview of ACH rule amendments...

ACH Compliance Webinar: Understanding Regulations that Affect ACH Transactions

Every year there are new or enhanced compliance requirements for processing payments. The biggest challenge is knowing when you have satisfied all of the appropriate requirements for all of the regulations. In addition to complying with the NACHA Operating Rules when processing ACH transactions (one...

BSA/AML Compliance – The Importance of Currency Transaction Reports (CTRs)

Currency Transaction Reports have been around since the Money Laundering Control Act of 1986, and along with its stricter Suspicious Activity Report progeny implemented in 96, have greatly contributed to a financial institution’s compliance workload. Some argue they’re ineffective and that...

Measuring ROI: Using the Payback Approach (Part 1/3)

Dont miss Part 2 of the Measuring ROI series: Using the Net-Present-Value Approach , by Jon Allen The goal of financial management in a company is to maximize the value of the company’s stock. Managers need ways to determine whether a project being considered will add value to their companies...

Profits and Perils of Remote Deposit Capture - Interview w/ Terrie Cloud

In our latest post, we talked about how mobile payments will impact mobile banking apps in the near future, and how customers are using cash less frequently. In an environment heading towards digital wallets and mobile payments, and with banks reducing their physical branch numbers , it becomes crucial...

Banking: Are customers really committed to Mobile Payments? [Infographic]

Debit and credit cards still reign as the preferred payment method today, but with mobile device usage continually growing and with the advent of new technologies (and currencies), the "digital wallet" is becoming a more viable alternative. Is your financial institution ready? A study conducted...

Loan Grading & Risk Scoring under Basel III - Interview w/ Rob Newberry

Can your financial institution survive the next economic downturn? The recent financial crisis demonstrated how unexpected economic downturns and rapid deterioration in market conditions can significantly harm a bank’s financial condition and economic viability. Additionally, our ever-changing...

Addressing The Fairness of Fair Lending Regulation and Compliance Structures

Update - you can now download the full webinar, free. The CFPB accurately claims that access to responsible credit is still a challenge for many consumers. To that regard, regulatory financial laws such as the Equal Credit Opportunity Act (ECOA) and the Home Mortgage Disclosure Act (HMDA) have been...

Measuring ROI: Using the Net-Present-Value Approach (Part 2/3)

Dont miss Part 1 of the Measuring ROI series: Using the Payback Approach , by Jon Allen The goal of financial management in a company is to maximize the value of the company’s stock. Managers need ways to determine whether a project being considered will add value to their companies. This is...

Bitcoin Regulation - Addressing Compliance & Risk Issues for Financial Institutions [WEBINAR]

In 2009, a talented programmer (or group of programmers) released the first virtual currency protocol, known as Bitcoin. The Bitcoin protocol, essentially a robust P2P payment system , has now spun several other virtual currencies (Litecoin, Dogecoin, etc..) and has the potential to transform existing...

Fair Lending and Reg B requirements for Commercial Lending [VIDEO]

This is the first post in our "Understanding Fair Lending" series based on a recent fair lending webinar with Jerry Miller. 9 more articles will come over the next week. You can download the full webinar here . Not long ago we held a free Fair Lending compliance Webinar with industry veteran...

Measuring ROI: Using the Internal-Rate-of-Return Approach (Part 3/3)

Dont miss Part 1 of the Measuring ROI series: " Using the Payback Approach ", and Part 2: Using the Net-Present-Value Approach , all by Jon Allen The goal of financial management in any company is to maximize the value for its owners. Managers need ways to determine whether projects will...

Loan Denials using Proprietary Score Models vs FICO Scores - Reg B Concerns?

This is the second post in our "Understanding Fair Lending" series based on a recent fair lending webinar with Jerry Miller. The first article ( Fair Lending and Regulation B ) is available and 8 more are coming. You can download the full webinar here . In the beginning of June, we held...

Dealing with HMDA Data Proxies - Recommendations and Statistical Thresholds [VIDEO]

This is the third post in our "Understanding Fair Lending" series based on a recent fair lending webinar with Jerry Miller. The first article ( Fair Lending and Regulation B ) is available and 7 more are coming. You can download the full webinar here . Thanks to the amazing turnout (over...

Does UDAAP apply to Commercial Lending?

This is the fourth post in our "Understanding Fair Lending" series based on a recent fair lending webinar with Jerry Miller. The first article ( Fair Lending and Regulation B ) is available and 6 more are coming. You can download the full webinar here . Continuing our series on Fair Lending...