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Banking Newsletter Articles

March 2012
Volume 3 Issue 1

  • Condley and Company, L.L.P. Firm News – September 2012

    As we close out the end of another summer, our Banking Services Group would like to recognize one of our employees that have been promoted. Condley and Company, L.L.P. is pleased to announce the promotions of Jeff Duncan to Audit Senior. We hope you will join us in congratulating our employees on their recent accomplishment. … Read More >

  • Communities First Act Update

    The Communities First Act (HR 1697) continues to make progress in Washington. The bill is an ICBA initiative and is aimed at specific regulatory burden and tax relief for community banks. A Subcommittee heard the bill last November and additional action is expected in the coming months. The cosponsor tally is currently at 71 which … Read More >

  • Supplement to the 2005 Guidance Released

    A supplement to the Authentication in an Internet Banking Environment, also known as “2005 Guidance”, has been released. The 2005 Guidance was created by FFIEC agencies to provide a risk-management framework for financial institutions offering internet-based products and services. The purpose of the Supplement is to reinforce the framework and update the Agencies’ expectations for … Read More >

  • Standards for the Risk Management of Corporate Account Takeovers

    The Texas Department of Banking recently released a Supervisory Memorandum, establishing minimum standards for risk management programs, with the intent to help minimize the risks of Corporate Account Takeovers. The letter reinforces the Department’s position that all banks should be aware of the growing risk of electronic crimes, and the need to identify, develop, and … Read More >

  • BSA E-Filing Test Site Now Available

    Organizations that file Bank Secrecy Act (BSA) forms with FinCEN can now view the test site for submitting them online through an electronic filing system. Hosted on a secure website, BSA E-Filing system offers a faster, more convenient, more cost-effective method for submitting BSA forms. The system will be a requirement by June 30, 2012 for … Read More >

  • New Cop on the Banking Beat

    Due to the Dodd-Frank Act, a new Bureau has been created. Many consumer financial protection regulations and agencies’ staffs will be moved to the Bureau of Consumer Financial Protection over the next several years. A major change includes the removal of responsibility for the Real Estate Settlement Procedures Act from the Department of Housing and Urban Development … Read More >

December 2011
Volume 2 Issue 3

  • Tips to Help Community Banks Ease the Burden of Compliance

    Managing the ever-changing world of regulatory compliance can be difficult and challenging for community banks. Many regulators expect small banks to provide compliance plans similar to the ones larger banks are delivering. This expectation doesn’t consider the fact that community banks have fewer resources to implement the same type of plans. The following are a … Read More >

  • Important Information Regarding Year-End Bonuses for Mortgage Loan Originators

    At Condley and Company, L.L.P., we focus on keeping our clients and friends informed of the latest tax and accounting changes. Our team recently received the following information regarding adjustments to the calculation of year-end bonuses. We encourage you to read the information and contact our office with any questions or concerns you may have. … Read More >

June 2011
Volume 2 Issue 2