Jeffery Trammell

Heads up, bank board members and risk managers! The FDIC is proposing new guidelines on risk management for large banks. This could impact your institution if it has over $10 billion in assets. The guidelines cover areas like board oversight, committee structure, and communication. Guidelines - similar to these - previously issued by the US Department of the Treasury and the Federal Reserve Board have found there way into many industries beyond banking and financial services. Get a head start on compliance by reviewing (or starting!) your ERM Program https://bit.ly/3CSCwXM #riskmanagement #banking #FDIC #ERM

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Managing ACH returns can be challenging when operating an ACH integration. When a bank cannot process a transfer, it sends a return with a specific Return Reason Code indicating the issue. There are over 80 codes, specifying issues from a closed account (R02) to a deceased account holder (R15). Understanding the return reason and reconciling returned transactions with the originating ones can be difficult. With Increase, returns are automatically correlated with the originating transfer. You can view all return details, including the Return Reason Code and associated transfers, in one place, making it easy to quickly understand and respond to returns. Read more at: https://lnkd.in/eu6BUsm5

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Are you successfully growing your assets and coming under CFPB supervision? Now is the time to assess your Compliance Management System (CMS) effectiveness and exam readiness. We’ll show you how to adequately prepare your CMS to meet the CFPB’s regulatory compliance expectations. Keep reading: https://lnkd.in/eUtWTniA #CFPB #Compliance #RealExperience #RealResults

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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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Join Elliott Davis and the Virginia Association of Community Banks (VACB) for a virtual risk management seminar on May 9. This event features updates and best practices from our speakers and offers up to 5 hours of CPE credit for attending. CRCM, CAFP, and CERP credits are also offered. Learn more details, including cost and a full schedule of sessions, here: https://bit.ly/3UqedHG #riskmanagement #communitybanking

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Stay on top of regulatory requirements! Our guide offers a detailed comparison between CFP Board's Code and Standards and NAIC's Model Regulation #275. This is essential reading for CFP® professionals managing both standards. Download here: https://lnkd.in/eSv2rtht #CFPpro

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The next advisory in our Financial Capability Month series is all about trusted contacts.  Your financial firm may request that you give them the name and contact information of a “trusted contact.” While it is not mandatory that you do so, state securities regulators, the Securities and Exchange Commission, and FINRA encourage you to consider providing the name of someone you trust as a contact on your accounts. To read our full advisory, click here: https://lnkd.in/eRchJ57f #FinancialCapabilityMonth

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Annual Finance Reports Now Available The 2023 Annual Comprehensive Financial Report (ACFR) and Popular Annual Financial Report (PAFR) for the fiscal year ending September 30, 2023 are available for viewing. #CollierClerk #CrystalKinzel #TheClerksReport #Newsletter

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All financial institutions will now be reporting a CECL-adjusted allowance in their first quarter call report. Now is a critical time to review your process and procedures to ensure compliance with the new standards as well as industry best practices. Download our guide of our Top 10 practical considerations in developing and refining your CECL model for the real world. https://hubs.li/Q02r4BHx0

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Great article. Give it a read.

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On April 16, 2024, the CFPB issued a revised rule aimed at streamlining its procedures for designating nonbank covered entities for supervision. The CFPB said the revised procedures “reflect changes to the CFPB’s organizational structure,” but also noted that the revised procedures would lead to a “reduction in time and general streamlining of the decisional process” by which nonbanks are designated for supervision. 📖Read more in this #GTAlert written by Timothy Butler, Matthew White, Tessa Cierny, and Zeba Pirani: https://bit.ly/4b8Icus. #CFPB #financialservices #financialproducts #nonbanks

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💡The Guide to CFP Board’s Technology Standard offers practical tools, such as sample questionnaires and a technology evaluation checklist, to help financial professionals make informed technology decisions in the rapidly advancing technological landscape. 👇🏽 Learn more from Matthew Schulte, CLU®, ChFC®, CFP®, Head of Financial Planning at eMoney, who was part of the team that developed the guide: https://lnkd.in/gsEjGR6Y #CFPBoard #techstack #financialplanning #financialplanner

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In the fight against fraud, developing a strong defense is key. Join Abrigo Advisory Services on June 27 for a webinar that will cover the essential steps and tools needed to create and maintain a robust fraud program. Register today! https://buff.ly/44RmxVC

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  Thursday, May 09, 2024 | 11:00 am - 11:45 am EDT    Please join the S&P Global Market Intelligence team as we plan to discuss the following items with the North Carolina Bankers Association: >Focusing on revenue headwinds facing banks as deposits remain precious amid greater regulatory scrutiny, higher rates persisting >Discussing how banks are likely to slow growth in the face of elevated funding costs and concerns over commercial real estate exposures >Focusing on banks’ credit quality and CRE exposures and the headwind they will present to earnings >Discussing how earnings pressures likely will encourage banks to focus on efficiency and eventually M&A activity Register Outlook for banks as they digest higher for longer rates - Registration (spglobal.com)

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