What’s new at BFG? We are now offering Information Technology Independent Reviews and Testing.
Our IT Independent Review will assess the financial institution’s level of compliance with the interagency Guidelines Establishing Standards for Safeguarding Customer Information, as mandated by Section 501(b) of the Gramm-Leach-Bliley Act of 1999. The guidelines address standards for developing and implementing administrative, technical, and physical safeguards to protect the security, confidentiality, and integrity of customer information.
BFG is very pleased to enter into an alliance with InfoSight, Inc. to be able to provide you with independent vulnerability and penetration testing. InfoSight has a solid reputation of providing some of the best technology security infrastructure and risk assessment consulting solutions to the financial industry. This alliance allows us to offer a full scope approach to our clients to identify, manage, minimize and resolve Information Technology risk. You may visit their website at www.infosightinc.com. Give Banc Financial Group a call today at 800-755-8549 to discuss any Information Technology needs you may have
What's different about BFG? We're comprehensive and thorough.
We review your compliance program and develop policies and procedures to ensure that your compliance practices meet federal standards. Our consultation extends to all consumer compliance-related banking laws and regulations, including the Bank Secrecy Act. Our lending and deposit transaction testing is thorough and broad-based. When we find compliance violations, we help you implement corrective actions. Our expertise extends to assistance in resolving problems or concerns cited in regulatory examinations or expressed in more formal written agreements or regulatory enforcement actions.
Regulatory Compliance Services
Banc Financial Group offers regulatory compliance expertise within tailored programs that ensures compliance with applicable federal consumer banking laws and regulations. The program, tailored to each bank's needs, assures compliance by providing:
- Compliance Reviews
- Independent Bank Secrecy Act Reviews
- Fair Lending Reviews
- Policy and Procedure Development
- Assistance with Regulatory Actions
- CRA Evaluations
- Client Support
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Consumer Compliance Training
To keep your staff current on all critical areas of federal consumer banking laws and regulations, BFG offers a full spectrum of compliance training courses. Our high quality, cost-effective program delivers essential information that puts your employees on top of their game and sharpens your bank's competitive edge.
Taught by experts, we offer on-site training covering 13 key laws and regulations:
- Bank Secrecy Act
- Right to Financial Privacy Act
- Regulation P-Privacy
- Truth-in-Lending act
- Real Estate Settlement Procedures Act
- Expedited Funds Availability Act
- Truth-in-Savings Act
- Fair Housing Act
- Equal Credit Opportunity Act
- Unfair or Deceptive Acts or Practices
- Fair Credit Reporting Act
- Home Mortgage Disclosure Act
- Electronic Fund Transfer Act
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Regulatory Relations Consultation & Resolution
Our team applies its substantial banking and regulatory experience by providing assistance with regulatory matters in:
- Resolution and/or elimination of any cited problems or concerns in regulatory examinations or in more formal written agreements or enforcement actions
- General regulatory matters
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Year-Round Support
As a BFG client, access to year-round support is at your fingertips. Expert staff members are just a phone call or e-mail away, ready to answer any questions that you may have. Accurate, valuable and timely information when you need it - yours for the asking with BFG.
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Independent IT Review and Testing
In conducting the Information Technology Independent Review, BFG utilizes a risk-based approach to perform a focused, yet comprehensive review of an institution’s compliance with the Interagency Guidelines establishing Information Security Standards pursuant to laws and regulations. BFG’s review addresses the same compliance laws and regulations examined by the institution’s federal regulator.
The review is designed to assess the level of information security and the effectiveness of current information security policies, operating procedures and employee security training programs. Early detection of regulatory violations or deficiencies in your security program is crucial to minimizing the potential risk of regulatory criticism and consumer litigation. In addition, as a result of the review, Management is provided with an objective evaluation of overall compliance performance.
In addition, we can now provide you with independent vulnerability and penetration testing through our partnership with Infosight, Inc. as well as a wide variety of other Information Technology services and testing options. Infosight, Inc. has been in business since 1998 serving hundreds of financial institutions with innovative, affordable managed services and technology solutions. For more details and information on other services, give us a call at 800-755-8549.
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