Welcome to acxell's Blog Page

Planning in a Consolidating Banking Industry – Revisited

3/19/2019

In August 2015, a colleague of mine wrote an article titled Planning in a Consolidating Banking Industry.
Now that it is 2019, I took a look at the article to determine whether his predictions, as shown below, are accurate and if there is a decline in banking organizations.

0 Comments

Flood Coverage – Still a Hot Regulatory Issue

2/20/2019

0 Comments

Photo Credit: Galina Peshkova

Flood certifications, coverage, insurance, and placement – these are common in any financial institution’s compliance vocabulary nowadays. It’s no secret that all regulatory agencies have had “flood” as a hot topic for the past few review cycles. Financial institutions have been reinforcing their knowledge and awareness of the issue. Yet, even with all of the training that banks and credit unions have paid for and had their employees attend, why are financial institutions still receiving flood violations?

0 Comments

Regulation E and Business Account Errors

11/6/2017

0 Comments

Photo Credit: olegdudko

I was asked this week, how and when does Regulation E apply to business customers if they report a claim? My answer: it doesn’t, but it could.
Regulation E is otherwise known as 12 CFR 1005, Electronic Funds Transfers. The Electronic Funds Transfer Act was passed in 1978 by President Jimmy Carter, to establish the rights and liabilities of consumers as well as the responsibilities of all participants with respect to electronic funds transfer activities.

0 Comments

Is Regulation CC Put on the Back Burner?

8/15/2017

0 Comments

Photo Credit: prykhodov

Regulation CC was enacted in 1987 in order to standardize hold periods on deposits made to banks and to regulate a bank’s use of deposit holds. There have been many changes throughout the years, but one in particular is that all checks are considered local and clear on a much timelier basis than in earlier years. One thing that remains unchanged is Regulation CC applies to both personal customers and commercial customers.

0 Comments

Planning in a Consolidating Banking Industry – Revisited

Flood Coverage – Still a Hot Regulatory Issue

Regulation E and Business Account Errors

Is Regulation CC Put on the Back Burner?

Categories

Services

Company

Support

Let's be friends!