Product Updates for February 2022
The Product Updates for February 2022 from BankPolicies.com feature the following new job descriptions and revised policy template products:
Product Security Officer Job Description Template – NEW!
Records Specialist Job Description Template – NEW!
Risk Management Analyst Job Description Template – NEW!
SBA Loan Quality Control Officer Job Description Template – NEW!
These new products were developed in response to client requests who submitted their suggestions to our “Client Wish List.” Your comments and ideas are always greatly appreciated and will be taken into consideration whenever we revise our current products or create new ones. In summary, we want to ensure your success and earn your business!
Automated Clearing House Policy Template
The update to this product is in response to Nacha’s Final Rule entitled “Micro-Entries” dated 02/02/22 that defines and standardizes practices and formatting of Micro-Entries, which are used by some ACH originators as a method of account validation. The final rule is effective in two phases, 09/16/22 and 03/17/23.
Community Reinvestment Act Policy Template
Compliance Management Policy Template
The update to these products is in response to OCC Bulletin 2022-2 entitled “State Community Reinvestment Laws; Consumer Complaint: Input from State Officials and Consumer Complaint Referrals from States” dated 02/02/22 that addresses the OCC’s processes for considering input from state banking commissioners regarding national banks’ performance under state community reinvestment laws, including implementation of community reinvestment-related provisions of the Riegle–Neal Interstate Banking and Branching Efficiency Act.
Fair Credit Reporting Act Policy Template
Fair Debt Collection Practices Act Policy Template
The update to these products is in response to the CFPB’s Bulletin 2022-01 entitled “Medical Debt Collection and Consumer Reporting Requirements in Connection with the No Surprises Act” dated 01/13/22 that reminds debt collectors of their obligation to comply with the Fair Debt Collection Practices Act’s prohibition on false, deceptive, or misleading representations or means in connection with the collection of any debt and unfair or unconscionable means to collect or attempt to collect any debt, and to remind consumer reporting agencies and information furnishers to comply with the Fair Credit Reporting Act’s accuracy and dispute resolution requirements, including when collecting, furnishing information about, and reporting medical debts covered by the No Surprises Act.
Garnishment of Accounts Containing Federal Benefit Payments Policy Template
Legal Processes Policy Template
The update to these products is in response to client requests that we incorporate subject matter related to garnishment of Economic Impact Payments in response to the COVID-19 pandemic. Your comments and ideas are always greatly appreciated and will be taken into consideration whenever we revise our current products or create new ones. In summary, we want to ensure your success and earn your business!
Human Resources Vaccination Policy Template
Human Resources General Policy Template
The update to these products is in response to the U.S. Department of Labor’s Occupational and Safety and Health Administration (OSHA) Interim Final Rule entitled ”COVID-19 Vaccination and Testing; Emergency Temporary Standard” dated 01/26/22 that announced the withdrawal of the 11/05/21 emergency temporary standard (ETS) which was issued to protect unvaccinated employees of large employers (100 or more employees) from the risk of contracting COVID-19 by strongly encouraging vaccination. The withdrawal is effective 01/26/22.
Keeping You Informed
We provide this Product Update Blog as a courtesy to all clients regarding new and revised products released by BankPolicies.com. We feel that it is important to keep our clients well informed of changes to the financial institution industry, including keeping on top of federal regulatory changes, and industry recommended best practices. In this regard, we encourage you to subscribe to our newsletter in which these types of announcements are made including any special offers that can save you time and money. Just contact us to be added to our distribution list.