Recent safe deposit vault burglaries, devastating fires, Tropical Storms Sandy and Allison, Hurricanes Ike, Katrina, Rita, Wilma and Andrew and damaging tornadoes, raging floods and many other nationwide disasters have significantly impacted our safe deposit industry. Following these tragic events, financial institutions have been confronted with some very difficult challenges, decisions and very significant lawsuits.
This webinar will introduce you to the world of bankruptcy. It is designed for lenders and support staff with the goal of educating them on the fundamentals of both consumer and commercial bankruptcy law.
Revised Interagency Guidelines and new rules under Reg Z have been issued, and we’ve seen additional requirements finalized recently due to Dodd-Frank. In some cases (called “flipping transactions”), lenders will even have to obtain two appraisals on the same property for one loan.
In this session, we will discuss methods of robbery prevention, including policies and physical security, as well as robbery response. Best practices for safely opening and closing your facilities will be covered, and you will hear what robbers are looking for in their own words.
Carl Pry, a well known and highly respected compliance expert and recipient of the 2015 ABA Distinguished Service Award will be presenting a monthly one-hour compliance update that will address new items to be aware of, deadlines and what’s on the horizon.
Most of the headlines have addressed the new Beneficial Ownership rule but the new 5th Pillar is already being addressed in recent Consent Decrees. Don’t be the next bank to make news regarding deficiencies in your bank’s CDD process. The regulators are not reinventing the wheel but enforcing guidance that has been in place for years.
What is an exception and how do you handle it when it occurs? Many exceptions are rare and you may find yourself second guessing what you should do. Gain a better understanding of exception processing from returns to notifications of changes to DNE and more, plus new rules and reporting requirements.