Posted June 8, 2016
Attention to risk mitigation is vitally important in the current climate of fast-changing regulations. Fortunately, good procedures can lower your exposure to operating risk. ACH Policies and Procedures is the focus of the next two WesPay webinars scheduled exclusively for Bankers’ Bank of the West customers. REGISTER your people NOW for both live web-based sessions.
PART ONE will be held June 17. PART TWO is scheduled for June 24. Both begin at 1 PM Mountain Time (2 PM Central). To receive a 2016 webinar schedule and registration form, email firstname.lastname@example.org.
Posted April 28, 2016
Phase 1 implementation of the Same Day ACH Rules change will take place Sept. 23, 2016. From that point forward, any current day or stale day date in the effective entry date field of a credit entry will, in most cases, activate same-day processing.
A Same Day Entry Fee of 5.2 cents per such transaction will be charged to the originating depository financial institution and credited to the receiving depository financial institution. Given the potential impact of the new fee on banks with sizable sale-dated transaction volume, the Federal Reserve Bank suggests that all originating depository financial institutions assess how much stale-dated transaction volume they currently originate—and recommends that they work with their originators to remedy the situation before the Same Day Entry Fee goes into effect.
A March 14 Federal Reserve Financial Services memo, as well as other information on this topic, can be found at frbservices.org.
Posted April 2016
Registration and logistical details are available for the October 2016 two-day program known as Loan Officer Financial Management Training. The course has been sponsored annually since 2008 by Bankers’ Bank of the West to extend access to high-quality, job-specific education for community bankers in its service area.
The interactive, hands-on seminar focuses lenders on cultivating effective techniques, strategies and tools they can put to immediate use for the benefit of their bank as well as their commercial customers. The curriculum, with its emphasis on relationship-building, is geared toward experienced business loan officers with portfolio, underwriting, or calling responsibilities. Download the course brochure to learn more.