Financial Services

If the business is a creditor or a “financial institution” (defined as a depository institution) that offers covered accounts, you must develop a Program...

March 25, 2009 by Keir Breitenfeld

They have started to shift away from time-based collections managementactivities (the 30-, 60-, 90-day bucket approach). Instead, the focus is migrating towards the development...

March 25, 2009 by Jeff Bernstein

The credit reporting agencies will not identify Red Flags, as such, on a credit report. However, there may be certain information on a credit...

March 20, 2009 by Keir Breitenfeld

By: Tom Hannagan Part 6 Peer Group 2 fee income Non-interest income again, as a percent of average total assets, declined to .86 percent...

March 17, 2009 by Guest Contributor

For all you folks who, like me, waited until the last minute to knock out a term paper or class project in school, here...

March 12, 2009 by Keir Breitenfeld

Red Flags Rule I've heard more than one institution claim that they may limit and even reduce the identity elements (perhaps down to just...

March 12, 2009 by Keir Breitenfeld

By: Prince Varma Hello. My name is Prince Varma and I’ve spent the better part of the last 16 years helping financial institutions (FI)...

March 12, 2009 by Guest Contributor

By: Tom Hannagan Part 5 This continues the updated review of results from the Uniform Bank Performance Reports (UBPR), courtesy of the FDIC, for...

March 10, 2009 by Guest Contributor

By: Tom Hannagan Part 4 Let’s dig a bit deeper into why Peer Group 1’s margins didn’t improve. We see two possible reasons: Total...

March 10, 2009 by Guest Contributor

Part 3 Reducing operational and overhead costs starts with the automation of tasks that would otherwise be performed by a human resource. By leveraging...

March 10, 2009 by Jeff Bernstein

Here are a few more frequently asked questions. 1.Am I a “creditor” under the rule? The term “creditor” has the same meaning as under...

March 5, 2009 by Keir Breitenfeld

By: Tom Hannagan Part 3 I believe it is quite important to compare your bank or your investment plans in a financial institution to...

March 5, 2009 by Guest Contributor

Here we are in March, 2009, four months after the Red Flags Rules deadline OR two months until the Red Flags deadline…depending on your...

March 3, 2009 by Keir Breitenfeld

Address discrepancies aren't the end of the road, but they sure can be a bump in it. One of the handful of mandatory elements...

February 26, 2009 by Keir Breitenfeld

By: Tom Hannagan Part 2 In my last post, I started my review of the Uniform Bank Performance Reports for the two largest financial...

February 26, 2009 by Guest Contributor