Are you going to bank this industry? How will you bank this industry? What is going on at the federal level? All of these questions will be addressed during this program on how to bank marijuana related businesses (MRBs) and the risk it entails. Don’t miss this program. It is a must for those in the states and those who are pending. We will cover pending or final federal legislation.
All marijuana rules are not the same from state to state. You will receive all 50 laws on cultivation, retail, dispensaries, hemp, oil and licensing requirements if any.
The "Opening Accounts for Marijuana Related Businesse... (more)
What?The world of HMDA changed dramatically on January 1, 2018. The final rules implementing changes to Regulation C required by the Dodd-Frank Wall Street Reform and Consumer Protection Act were generally effective on that date. Further issues arose on May 24, 2018 when Congress passed the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA).
The 2018 modifications to HMDA were massive and many financial institutions are still dealing with the challenges of collecting data under the burdensome new requirements. The partial exemption provisions resul... (more)
Alert! FDIC Amends Deposit Insurance Coverage Recordkeeping
During this webinar we will review coverages of accounts and how the FDIC categories of insurance covers our customers.
Also, we will cover the FDIC changes which were released on July 30, 2019. These go into effect on April 1, 2020. These record keeping changes will enable to FDIC to promptly pay when an insured institution fails. Part 370 requires each IDI with two million or more deposit accounts to:
Many financial institutions have considered safe deposit as a loss leader for so long that it is difficult for them to view this service a profit center. Fortunately many institutions are now starting to realize that consumers are willing to pay more if they feel they are receiving something worthwhile. Your safe deposit area can quickly become profitable by following a few simple income generating, cost reducing and successfully tested marketing concepts. Consumers will pay a lot for a little peace of mind.
Dave McGuinn, a nationally recognized expert in the safe deposit area, will provide clear, concise recommendations to marke... (more)
The Allowance for Loan and Lease Losses (“ALLL”), represents one of the most significant estimates in an institution’s financial statements and regulatory reports. It is a major portion of credit administration and is considered a key factor in maintaining a safe and sound financial institution. It is a valuation reserve established and maintained by charges against the bank’s operating income and is estimate of loans that may be uncollectible.
However, users of financial statement issued by financial institution expressed concerns that current United States Generally Acceptable Accounting Principles (GAAP) calculation of the Allowan... (more)
This webinar, which was previously scheduled for October 30th, has been rescheduled for November 25th at 1:30 pm central.
Managing risk is something banks have been doing forever. ACH origination is another form of risk that needs to be managed.
Adopting sound business practices to help manage your risk and to maintain compliance with the NACHA Operating Rules are keys to your financial institution's successful use of the ACH Network. This webinar is designed to help you understand the risks associated with the ACH and how to help mitigate those risks.
This webinar will take a look at hot spot areas related to TRID. Learn what examiners are citing as well as other common errors in plain English.
Get a heads up before examiners arrive! The TRID rules are complicated which can ultimately lead to errors and put your bank at risk. This webinar will point out what examiners are looking for and will also bring your attention to areas that are notorious for errors. Consider this webinar your “cheat sheet” to get you on the right track BEFORE your next examination.
This webinar, which was originally scheduled for November 15th has been rescheduled for November 26th at 1:30 pm central.
This is for Part 2 only. For series pricing, CLICK HERE.
Some people might think that regulatory attention to the BSA has let up over the past couple of years, given other difficulties and areas of concern, such as fair lending, TRID, HMDA, and UDAP. Think again. With the safety and soundness of the entire indust... (more)
Financial institutions are required to complete transactions for customers who have created revocable and irrevocable trusts. To protect your financial institution's interests when using these documents, it is imperative to understand the basic do's and don'ts. This presentation will provide financial institution personnel with best practices to use when dealing with these complex legal documents.
Construction loans for commercial real estate (CRE) remain a major part of commercial bank lending. Many community banks attempt to use versions of their residential formats and policies to administer commercial construction loans; however, this generally does not adequately control the situation due to several important differences between residential and commercial projects.
This program provides an overview of the key steps involved in effectively administering commercial construction loans.
Being a notary public is a responsibility assumed by many financial institution employees. Unfortunately, most do not understand the personal liability when agreeing to serve in this capacity. Notaries and others will learn best practices for dealing with issues unique to the financial industry. Help your team know their responsibilities, plus learn basic laws, liability and reviews of various notarial acts.
This is for Part 1 only. For series pricing, CLICK HERE.
Learn about basic loan documentation principles and practices under Revised Article 9 for collateral.
This is a two-part series. The prices below are including both sessions. Each session can also be attended individually by clicking on the links below.
Learn about specific classifications of collateral and language description requirements for UCC-1s and security agreements. Borrowing base certificates and other documentation topics will also be discussed.
We'll also present collateral documentation checklists for intangible personal property such as instruments, investments, and deposit accounts, as well as aircraft, boats & vessels and motor ... (more)
Explore the fundamental building blocks of a repeatable framework for cybersecurity and information security issues. Your information security program can be more than a document created for compliance. We will help develop a program that provides your institution with clear direction and guidance that meets and exceeds regulatory expectations while addressing real-world risks.
Some bank programs implemented today are a collection of documents pulled together over the years, that exists primarily to satisfy regulatory requirements. The Information Security Program should be a coordinated set of policies that work together to imp... (more)
Over the last several years, we have seen more and more compliance requirements and regulatory guidance as it relates to overdrafts. Overdrafts continue to be a hot button issue with examiners as there has been a shift in mentality from “informing” consumers about their overdrafts to “protecting” them from excessive overdrafts. We don’t see this issue going away any time soon and fully expect the CFPB to address it even more formally in the coming years. It’s imperative that you are aware of the current regulatory requirements and expectations to keep your bank out of trouble!
This webinar will dissect the regulatory require... (more)
Is your customer a business from the UK? China? Mexico? What do you need to open the account? The world is getting small and the risk is getting greater. How do you “know” your foreign customer? Practical suggestions for a ever expanding customer base.
During this program we will take a look at the international business scene. Some businesses are operating in the US and may register with the Secretary of State and some just have bank accounts. Learn how to distinguish between those who file at SOS and those who don’t. What paperwork you can require and what you c... (more)
Understanding and quantifying global cash flow is becoming more of a necessity for financial institutions that lend money to businesses. Understanding and analyzing information in personal income tax returns is an important aspect of recognizing the financial condition of loan guarantors. To accurately calculate global cash flow, a lender needs to know how to take information in personal tax returns and apply it correctly.
Lenders will learn how to interpret information in personal tax returns to determine the ability of customers who guarantee loans to add strength to loan requests. We'll work with individual federal tax return form... (more)
Outsourced Third Party (Vendor) Risk Management is a top priority with the regulators. Therefore, ensuring your Program is not only going to be effective but also meet with their expectations needs to be a priority for financial institutions. When you outsource, you are placing your confidential customer information in someone else's hands along with the availability and security of that information, but you still retain the responsibility for ensuring the integrity, confidentiality, availability and security of the information making this Program a crucial part of your overall Information and Cyber Security Program.
Keeping up with changes and deadlines in the compliance area gets more complex every year. Now, we can assist you with that task.
Carl Pry, a well known and highly respected compliance expert and recipient of the 2015 ABA Distinguished Service Award will be presenting a quarterly update that will address new items to be aware of, deadlines and what's on the horizon. In a simple language webinar format that you can view from you... (more)
Community Banks are often faced with construction loan requests that are underwritten by Consumer and Commercial Lenders who apply the same underwriting standards used for retail and commercial loans to Residential Construction Loans. The problem with this approach is that Construction Lending is a highly specialized form of lending requiring a different approach. It is actually Asset-Based Lending, whereby funds are advanced based on the successful completion of various phases of the project and other requirements being met.
Many problems can occur during construction that ca... (more)
If you’ve never worked with Excel spreadsheets or haven’t in several years, this webinar is designed just for you. Excel expert David Ringstrom, CPA, walks you through the basics of Excel spreadsheets, providing the knowledge needed to create functional spreadsheets and manipulate large lists of data. David presents an overview of the different types of files you can create, explains Excel’s rows and columns grid, demonstrates how to remove duplicates from a list, shares keyboard shortcuts to simplify repetitive tasks, and more.
David demonstrates every technique at least twice: first, on a PowerPoint slide with numbered steps, ... (more)
There are two major sources of red flags: the systems and the frontline. What are your procedures from systems or frontline to investigation to SAR? These procedures could save your financial institution from expensive fraud and money laundering, or if improper, they could result in lack of a systematic approach to the AML program. This program includes a review of the SAR and its data fields.
The safe deposit operation is a unique, fast-changing service in the financial industry. It is the only product or service in which members of your staff do not know the value of a consumer’s assets. As a result, every vault transaction can lead to considerable liability. Effective procedures and sound daily practices can counteract and minimize this risk. This webinar covers the “nuts and bolts” and the recommended day-to-day operating procedures for your institution.
David McGuinn, a nationally recognized expert in the safe deposit are... (more)
During this program we will highlight the changes for 2019 and look towards 2020.
Your compliance team will review overdraft program issues, nonresident alien interest reporting, Regulation CC changes, FDIC insurance calculation changes, OFAC reporting changes and IRA reporting numbers and changes.