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Today is: August 14, 2020  
 

 

Upcoming BCG Webinars

BCG Webinars are an optional resource offered once a month over the Web. Topics include Levies and Executions, New Accounts Documentation, Flood Insurance and Doing Business with Family Trusts. Additional Webinars will be posted below as their respective dates approach. To view past Webinar schedules and descriptions, click here or contact us if you have additional questions.  To order past Webinar CD's, click here.

Upcoming BCG Webinars        

   

 

 

ACH Processing: Origination and Return Responsibilities 

Thursday, August 13, 2020

10:00 a.m. - 12:00 p.m.

 

Due to the technical nature and complexity of the NACHA Rules, when processing ACH transactions financial institutions have significant risk exposure for non-compliance with those rules, including potential fines and penalties. Just understanding the proper ACH entries that may be used as well as the return code requirements can make it difficult to manage this risk.

In providing ACH origination services as an originating depository financial institution (ODFI), one of the primary sources of risk generally comes from the warranties that ODFIs provide to other ACH participants, including that all ACH transactions are properly authorized and that the information in ACH entries is correct. As a receiving depository financial institution (“RDFI”), institutions are exposed to risk in the form of unauthorized ACH transactions, reversing entries, untimely returns and other operational risks.

This Webinar will cover these and other risk issues as well as the proper use of some of the common ACH credit and debit entries for both consumers and commercial businesses. Finally, we will include a discussion on the status and requirements for Same-day ACH Processing as institutions prepare for the latest implementation stage currently scheduled for March 19, 2021.

 

 

 

 

 
 
 
 
 
 
 
 

 

 

Information Security: Incident Response and Breach Notification 

Thursday, August 27, 2020

10:00 - 11:30 a.m.

 

Information security remains a high priority in the minds of the public and the regulators and consequently concerns over cybersecurity and security breaches remain important areas of risk . Since the adoption of the Gramm-Leach-Bliley Act in 1999 (GLBA), information security breaches have unfortunately become commonplace but are, if anything, becoming more terrifying. Breaches of data systems can expose a financial institution to regulatory criticism, civil liability and reputation risk.

The banking regulators have long understood that security breaches are inevitable and while efforts must be made to prevent them, the real focus of examiners seems to be not on prevention but on the response. For this reason, this Webinar will address the laws and regulations that apply to information security breaches, including the specific requirements for financial institutions in responding to a breach. 

 

 

 

 

 
 
 
 
 
 
 
 

 

 

 

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