Vendor Guru Q&A - Compliance

Latest Compliance - Disaster Recovery Topics

Bank Policies Approved by the Board

10/09/2006

What are the bank policies that need board approval and how frequently?

Advantages of Direct Deposit/Payment

01/01/2006

In times of disaster, the significance of Direct Deposit and Direct Payment looms large.

Special Report

10/01/2005

Anyone can be the victim of a flooded safe deposit vault. Believe it or not, defective plumbing, not natural disasters, accounts for more than 50% of flooded vaults nationwide.

The Security Officer's Role, Part VII

04/01/2005

OTHER SECURITY RESPONSIBILITIES

Disaster Recovery: After the Hurricane

10/01/2003

Editor's Note: This article, written in the aftermath of Hurricane Isabel in 2003, provides valuable insight for those dealing with natural disasters today.

Tips On Preparing For New HMDA

06/01/2003

At PCi's annual User Conference, several speakers shared their ideas for the transition to new HMDA. First, be prepared for last minute change.

Information Security Manager Job Description

05/06/2002

We are considering creating a position to manage information security and possibly business recovery. I'm looking for some guidance on what the level of this position should be, and who it would report to. Should it report to IT? Should it be independent? Should it be a senior level position?

Conducting an eBanking Audit

04/01/2002

Where's a good source for obtaining the basic knowledge needed for a novice to conduct an audit for the areas electronic banking and Internet banking?

Preventing Compliance Disasters with Flood Hazard Insurance

07/01/2001

Compliance with flood insurance requirements is rapidly becoming one of your most serious compliance problems. This isn't because flood compliance is getting worse.

OFAC Update

08/01/1997

Important Questions You'll Have To Answer

Audit checklist for bank as mortgage loan broker

11/17/2024

I am looking for a checklist that auditors would use when doing an audit on a brokered mortgage, specifically when the bank is acting as the broker. Can anyone give me a suggestion as towhere to find one? I have been searching the internet but have not really found anything that would help me with this.

Data breach and card reissuing

11/17/2024

We have been notified by Mastercard of a data breach and need to inform our customers who were impacted by this incident. In previous financial institutions where I have worked, we typically send a letter to notify customers about the card compromise. This letter includes the date we will be closing their card and informs them that a new card will be issued. My question is regarding the regulations surrounding this process: Can customers choose to keep their card active? If so, where does the liability lie if they experience fraud in the future? I am looking for a regulation or a Mastercard rule to implement a formal policy, as there isn't one currently in place at my current financial institution.

Deceased Joint Accountholder Process

11/10/2024

Is this correct? Surviving joint account owner(s) can continue to use a deposit account as normal. The decedent will need to be removed from any deposit account they are an owner of. We thought the account had to be closed and another one opened but I'm hearing conflicting opinions.

Is checking online banking, being aware of a loss?

11/10/2024

Can a bank use the customer’s history of access to their online banking, to determine when the customer was aware of a loss such as an unauthorized electronic funds transfer?

Rep Payee and Reclamations

11/03/2024

If Representative Payee dies, what happens to existing funds in the account post reclamation of that months funds? Does the new Rep Payee have authorization to access funds?

Latest Compliance - Disaster Recovery Topics

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