Jeanne White, CAMS

Cherry Bekaert’s Regulatory Compliance Digest showcases updates from FFIEC, FinCEN, CFPB, FDIC, federal bank regulatory agencies and more. Catch the most recent regulatory compliance news here: https://okt.to/Cx2aSG #RegulatoryCompliance #ComplianceUpdates #FinancialRegulations #RegulatoryUpdates

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Recent examiner focus and formal regulatory actions have made it essential for financial institutions to align their practices with the FFIEC Authentication Guidance update from 2021. Focusing on these areas serves as a blueprint for FIs striving to meet regulatory expectations and secure their operations: - Identity access management; - Monitoring and logging; - Independent verification; - Inventory management; and - Specific software access reporting. Read our blog to learn more: https://lnkd.in/djf-HUu3

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Don't forget to listen to Regions Bank's 3-Part Series on FRAUD PREVENTION. "Regions Business Radio" host J.D. Mealor and Regions' Head of Fraud Forensics Jeff Taylor discuss the importance of fraud awareness, fraud protection, and how how to protect yourself, your business, your clients, and your vendors from fraud. This part of the series focuses specifically on CHECK FRAUD. Episode Link ➡ https://lnkd.in/eBeVB97v

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The #ACHNetwork is constantly evolving. In fact, Nacha's Membership recently approved a number of amendments to the Nacha Operating Rules. To ensure you and your organization are up to date on the latest when it comes to the ACH Network, consider our ACH 101: Fundamentals for Operations & Frontline two-part virtual workshop, taking place May 8 & 9, 9-10:30 a.m. Central. This workshop will provide an overview of the ACH Network including defining the participants, explaining the transaction flow, and reviewing common exceptions. Given the changing environment, whether you are new to ACH or a seasoned pro, this workshop will prove beneficial to you.  https://lnkd.in/eX72cbWH Pam Rodriguez, AAP, CIA, CISA Danita Moss, AAP, NCP Dominic Plumeri, AAP, APRP David P. Catherine Bishop, AAP, APRP, NCP Sandra Parker

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While fraudsters relentlessly look for ways to take advantage of people and systems for their own benefit, evolving authentication methods continue to strengthen fraud mitigation: https://lnkd.in/drW_PNvG #FederalReserve #banking #fincrime #payments #fraud

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The best way to fight #fraud is to keep it from happening in the first place. Here's a quick refresher on Fraud Prevention: https://ow.ly/xeMc50RjpX0

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Don't miss out on crucial insights into combating fraud! Join us for a complimentary ACFE Sponsor Showcase on Navigating Fraud Claims and Investigations: Best Practices. 📅 Date: Tuesday, June 11, 2024 🕧 Time: 12:30 p.m. - 1:20 p.m. CDT In 2023, fraudulent activity dealt a heavy blow to U.S. markets, with consumers reporting over $10 billion in losses to the FTC—a 14% increase from 2022. Join us to delve into this escalating threat and learn how to fortify your organization against it. 🔍 Explore the fraud landscape facing organizations today. 💡 Learn strategies to improve processes, identify scams, and mitigate losses. 🤝 Discover ways to enhance communication between prevention and operations functions. Register now to secure your spot: https://okt.to/SxvaR0 Cc: Hailey Windham, CFCS / Lokesh Dani #FraudPrevention #FinancialSecurity #RiskManagement #AntiFraudPrograms

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Don't miss out on crucial insights into combating fraud! Join us for a complimentary ACFE Sponsor Showcase on Navigating Fraud Claims and Investigations: Best Practices. 📅 Date: Tuesday, June 11, 2024 🕧 Time: 12:30 p.m. - 1:20 p.m. CDT In 2023, fraudulent activity dealt a heavy blow to U.S. markets, with consumers reporting over $10 billion in losses to the FTC—a 14% increase from 2022. Join us to delve into this escalating threat and learn how to fortify your organization against it. 🔍 Explore the fraud landscape facing organizations today. 💡 Learn strategies to improve processes, identify scams, and mitigate losses. 🤝 Discover ways to enhance communication between prevention and operations functions. Register now to secure your spot: https://okt.to/fqKObI Cc: Hailey Windham, CFCS / Lokesh Dani #FraudPrevention #FinancialSecurity #RiskManagement #AntiFraudPrograms

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Learn ways to cut fraud costs while protecting your institution from reputational damage and regulatory scrutiny in this white paper. https://lnkd.in/e2TbaExy #Fraud #DigitalBanking

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On May 9, the Consumer Financial Protection Bureau (CFPB) published a report (Report) on credit card rewards and framed it as an “Issue Spotlight.” The Report identifies four areas of concern with respect to the management and servicing of credit card rewards programs. Each of the four areas relates to “consumers not receiving the rewards they were promised.” The CFPB identified these areas after it reviewed and analyzed over 1,200 consumer complaints “involving credit card rewards programs in 2023…a more than 70 percent increase over pre-pandemic levels.” For additional context and key takeaways, read our recent client alert, “Lessons from the CFPB Credit Card Rewards Report,” authored by partner Andrew Owens, on our website: https://lnkd.in/gwyF5QXS. 

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To help banks and credit unions decrease the number of non-performing loans while increasing customer or member satisfaction for the products they recommend, Fortimize built a 'Data Cloud Quick Start' for credit score recommendations! By analyzing average credit scores and unifying that data within Salesforce Data Cloud, employees can view a customer or member’s history and anticipate future needs. Einstein 'Next Best Action' enables sales, marketing, and service teams to deliver highly personalized recommendations for lines of credit. By generating intelligent insights and identifying trends, employees can make data-informed decisions about which products to offer customers, ensuring optimal support for their financial well-being. 🏦 💳 Learn more how banks and credit unions benefit from our Data Cloud Quick Start: https://lnkd.in/g6An_Qki #Salesforce #DataCloud #Fortimize #Banking #CreditUnions #CreditScores

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Looking for ways to protect your identity? Two options to consider are fraud alert and credit freeze. Check out the link to compare the two and see if they are right for you in protecting your identity. https://lnkd.in/ezEw26fb

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In the world of community banking and credit unions, the concept of compliance extends far beyond the mere adherence to laws and regulations. ✔️📑 ✨Creating a culture of compliance is about cultivating an environment where ethical standards and regulatory adherence are woven into the very fabric of the organization. At the heart of this transformative process is leadership. 🚀 📌 Continue reading here: https://hubs.li/Q02ttf-T0 #Compliance #CommunityBanking #RegulatoryCompliance #ComplianceCulture

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Model validation notice email content guidelines 💡 To be eligible for safe harbor rules, debt collection agencies must send an email that is substantially similar to the sample provided in the FDCPA's Regulation F. 💡 Don't hide the content of the model validation email behind a link that requires a password to access. 💡 For the easiest accessibility, agencies should try to provide the entire text of the notice within the body of the email. If this isn't possible, you may provide the information as a downloadable PDF. 💡 If people don't recognize your company name, or are concerned about scam emails, they may not trust you enough to click on any attachment you send. Want to learn more about sending model validation notices through email? Visit the link in the comments:

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Don't forget to listen to Regions Bank's 3-Part Series on FRAUD PREVENTION. "Regions Business Radio" host J.D. Mealor and Regions' Head of Fraud Forensics Jeff Taylor discuss the importance of fraud awareness, fraud protection, and how how to protect yourself, your business, your clients, and your vendors from fraud. This part of the series focuses specifically on RANSOMWARE. Episode Link ➡ https://lnkd.in/ee66ATZP

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