Start Date: 4/4/2023 9:00 AM MDT
End Date: 4/4/2023 10:30 AM MDT
Sleeper: “In football, a player who usually isn’t well known that goes on to have a breakout season.”
SDBs, RDC, mobile banking, and prepaid cards may not seem like flashy banking topics, but don’t let these regulatory “sleepers” fool you. Examiners have cited findings for lack of sufficient policies and procedures and inadequate controls in these areas. Quite simply, these tend to be “set and forget” issues and are accordingly reflected in examination reports.
Are you properly monitoring for suspicious activity in your SDBs? What if a SDB lessee passes away? Are your mobile deposits adhering to Reg CC guidelines? Is someone reviewing your RDC deposits for proper endorsements? Are you providing appropriate disclosures with prepaid cards? If you hesitated in answering any of these questions, then this session is for you!