Eastern Bank

Recent Posts

Regulation E Vs. The ACH Rules

Key Take Away


This session explores areas where the Regulation E and the ACH Rules don’t always align and provides handling recommendations. Overview


Financial institutions often find themselves in a position of trying to determine appropriate actions when Regulation E and the ACH Rules don’t align or appear contradictory. This could put an institution in compliance with one and out of compliance with the other. Why Should You Attend


Interpretations of Federal Regulation E, known as the consumer protection regulation, change and those changes sometimes places stress on financial institutions who are trying to apply the regulation to daily ACH processing and returns. This ACH compliance webinar analyzes areas where the two don’t align and where one provides stronger protections and more obligations than the other so an institutions’ internal procedures are comprehensive enough to manage all obligations and avoid regulatory scrutiny. Continue Reading →

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Accounting and Auditing Update

Key Take Away


The accounting and auditing update is intended to be a first stop for all accountants who want to be apprised of the new and emerging issues in the field. Overview


Let us bring you the latest in accounting and auditing issues.  The webcast is devoted to new accounting issues, new audit issues, new compilation and review issues and other issues affecting the profession.  Every update is different, so plan to join us each time the update is broadcast for a concise look at the hottest topics affecting every accounting and finance professional. Why Should You Attend


You will be exposed to the guidance that may impact your practice of accounting in both the public and private arenas. Continue Reading →

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TIN Matching to Reduce Your B-Notices and Eliminate Proposed Penalties

Key Take Away


Join us for this content-rich session and you will gain the tools to make you the most effective information return manager your company has ever seen. Overview


Attend this IRS compliance training and –

Learn the best practices for eliminating 1099 error notices from the IRS. Discover the power of the TIN Matching system. Understand the difference between and 1st and 2nd B-Notice and the related differences in required vendor responses. Why Should You Attend


How do you know your vendor’s W-9’s are correct? Continue Reading →

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Basic Cash Flow


This webinar will examine business cash flow, the ways in which to calculate it, and its importance in the credit risk analysis process. Participants will learn how to calculate cash flow from information contained in the Profit and Loss Statements of Businesses and the tax returns that a business generates. In addition to calculating simple cash flow which relies on Profit and Loss Statement information, participants in this webinar will look beyond the P & L to the balance sheet of businesses and the ways in which changes in the components of the balance sheet impact the cash flow of a business and its ability to service debt. Adequate Cash flow is necessary for any business to survive. A business with inadequate cash flow will likely not be able to pay its bills, including those to its lenders. Continue Reading →

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Financial Statement Fraud and Identifying Red Flags


This AML compliance webinar will look at the use of financial statements as a tool to commit fraud upon the financial sector and investors and common tricks used by fraudsters, as well as identifying “red flags” for potential problems.


Many companies have started addressing financial statement fraud due to the financial losses suffered and collapse of their well established brand identity. This webinar will discuss some of the ways in which one relying on such financial information may take steps to prevent falling victim to fraud. AREAS COVERED
Financial Statement Fraud – what is it and some examples of its use

Often-used tricks to commit fraud in financial statements

How to verify financial statement information

Red flags -how to identify potential fraudulent information

What to do when potential fraud is found or identified

How to confront a person or company providing fraudulent information

Developing a policy to verify fraud and risk management techniques

Some recent notable cases involving financial statement fraud
Understand the components and red flags of fraud

Management’s responsibility in fraud prevention

Practical approach that can be applied
Banks and other financial institutions

Credit Unions

Financing companies

Risk Managers

Securities Dealers

AML Compliance Officers

Heads/Directors of AML Compliance

Anti-Money Laundering Investigator

CCOs (Chief Compliance Officers)

MLROs, (Money Laundering Reporting Officers)


For more detail please click on this below link:


Email: referrals@complianceglobal.us

Toll Free: +1-844-746-4244

Tel: +1-516-900-5515

Fax: +1-516-900-5510 Continue Reading →

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Overview of New CECL Model for Determining the Allowance for Loan and Leases Losses (ALLL)

Key Take Away


Attendees will leave this webinar with:

Overview of the “old” incurred loss model for determining the allowance for loans and lease losses (ALLL) – for calendar year companies continues through year 2019 for SEC filers, and 2020 for private companies
Explanation of the “new” current expected credit loss (CECL) model for determining ALLL – for calendar year companies which becomes effective in 2020 for SEC filers, and 2021 for private companies
Understanding the need for forecasting over the life of the loan
Understanding how to account for the accounting transition to CECL
Understanding risk characteristics for pooling of loans
Listing and comprehension of qualitative factors (“Q” factors)
Distinguishing between SFAS 5 (ASC 450-20) and SFAS 114 loans (ASC 310-10-35) when considering impairment
Analyzing and understanding the exact meaning of key terms
Analyzing LTV, FICO, risk ratings guarantees, unemployment rates, housing price indices, GDP etc. Overview


The seminar is important for banks, savings associations, credit unions and Bank and S&L Holding Companies. It covers primarily, the new balance sheet way to account for estimated losses relating to loans, accounts receivable and lease receivables. It briefly covers H-T-M debt securities, AFS debt securities, commitments that are not unconditionally cancellable, and purchased credit-deteriorated (PCD) assets. It explains need for forecasts of credit losses over the life of the financial assets. Continue Reading →

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Handling ACH Disputes: The Retail Perspective


Financial institution Retail Centers and Call Centers are often faced with handling consumer disputes of ACH debits on their account; many situations aren’t covered in the ACH Rules book guidelines nor is there any clear direction from other resources. This interactive, fast-paced ACH compliance training focuses on the most common disputes, and provides staff with a basic understanding of what is required to maintain compliance, plus tips on handling these issues. The course concludes with some real life “sticky situations” where attendees try their hand at solving the issue, while balancing compliance obligations with customer service. Why Should You Attend

Mishandling consumer ACH dispute claims puts an institution at significant reputational, legal and compliance risk. Daily situations aren’t covered in the ACH Rules guidelines. Continue Reading →

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Best Practices In Cash Flow Management


Facing another year where economic growth seems like a dream, outlook and attitude will be important.  With capital sources still restricted and consumer confidence still in recovery, new avenues for successful cash management must be explored.  Entities need to take advantage of all the financial management expertise available.  The organizations that survive in our economy are the ones that develop the ability to remain solvent.  Cash is essential to the daily functions of a business, and yet rarely managed to ensure that sufficient cash is on hand, or that excess cash is properly invested. Continue Reading →

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