These are confusing times as we enter new territory regarding businesses in the marijuana and CBD industry. Many are left with questions, so the Food and Drug Administration (FDA) has issued frequently asked questions with responses related to marijuana and CBD, as they are attempting...
Confusion exists among financial institutions regarding the 60-day customer liability window, which could lead to potential violations of the Electronic Funds Transfer regulation. FDIC examinations found that some financial institutions calculated the customer liability window in manners not consistent with Regulation E. The regulation states...
The FDIC recently released guidance regarding an on-going issue with processing transactions that could potentially be categorized as an unfair or deceptive practice. Examiners noted that some institutions have changed their method of calculating overdraft fees; basing the fee determination on an available balance, rather...
We always love the opportunity to meet with community banks from across Missouri, and this year’s Missouri Bankers Association Compliance Conference was fantastic! KPM shared what we can do to help banks with the regulations and compliance issues they face. In addition, KPM Manager Richard...
#KPMCPAs was proud to exhibit at the 2016 Missouri Bankers Association Technology Conference! We enjoyed visiting with community banks and hometown banks across the state! Watch these conference interviews to hear what KPM manager and bank compliance expert Richard Dugas and Aaron Castillo Vice President,...