Your financial institution’s security begins with the stability of your deposits business. To stay on top of legislation pertaining to this critical segment of your financial institution, rely on Profit Technologies for guidance through anti-money laundering, risk management, fraud, and bank regulation at the federal and state levels.
 

Legislative Review Focus

• OCC Bulletins
• Federal Regulations
• Regulation AA (UDAP)
• Regulation DD (Truth in Savings)
• Regulation E (Electronic Funds Transfer)
• Regulation Z (Truth in Lending)
• Pending Legislation in Congress

Legislative Impact Analysis

• Identify Potential Revenue Risks
• Overdraft Services
  • Opt-In / Opt-Out
  • Electronic vs. Paper
  • Fees
  • Reporting / Notification
• Deposit Advance Products
• Return Deposited Items
• Interest on Accounts
• Withdrawal Penalties
• Statement Disclosures / Requirements

Solutions to Legislative Risks

• Revenue Replacement Strategies
• Interest Rate Strategies
• Account Management Strategies
• Product Definitions
• Behavior / Pricing Analytics