Monday Courier

August 18, 2014

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California Issues

Compliance Bulletin

Employers Must Reimburse for Required Telephone Use
August 18, 2014

A California appellate court found an employer liable to pay the reasonable costs of its employees’ cell phone bills if use of their phones was necessary to discharge their duties. This outcome does not depend on whether an employee’s phone plan includes limited or unlimited minutes. The case, Cochran v. Schwan’s Home Service Inc., was a class action suit. See CBA’s Regulatory Compliance Bulletin for more information.

General information

State Controller Releases Revenue Report for July 2014

Last Monday, the State Controller’s Office released its monthly report detailing the state’s cash balance, receipts and disbursements for July 2014. Revenues for the first month of the 2014-15 fiscal year totaled $5.4 billion, exceeding state budget projections by $231.9 million (4.5 percent) for the month.

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Membership Issues

General information

Early-Bird Pricing for Writing an Effective Credit Memo Seminar Extended
Register by August 22 and Save $200!

The purpose of this course is to teach the skills required to write an effective credit memorandum, which places emphasis upon factors or trends that are important without the need to state the obvious. This course was expanded to two days to give you more time to practice constructing credit memos.

General information

Register Now for the 2014 Internal Audit Update
October 2 in Anaheim

Join us for an annual update on internal audit. Offered in partnership with Moss Adams, this update will review key developments of 2014 and what to expect in 2015.

New and seasoned internal auditors will benefit from this update program. Learn best practices and trends from recent regulatory examinations that risk managers and internal audit professionals need to be aware of.

Areas of focus will include:

Strategic partners

CBA Strategic Partner Promontory to Offer Complimentary Federal Reserve Policy and Interest Rate Risk Webinar
Webinar will be offered Tuesday, September 9

The California Bankers Association’s endorsed strategic partner Promontory Interfinancial Network LLC, will offer a complimentary webinar to discuss economic conditions and policy actions that affect interest rates.

During the webinar, former vice chairman of the Federal Reserve, Alan Blinder, one of the co-founders of Promontory Interfinancial Network and an acclaimed economist and author, will paint a detailed picture of the current economic situation and explores what goes into the Federal Reserve’s monetary policy.

Topics include:

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