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The FDIC is issuing the attached guidance that describes potential risks associated with relationships with entities that process payments for telemarketers and other merchant clients. These types of relationships pose a higher risk and require additional due diligence and close monitoring. This guidance outlines risk management principles for this type of higher-risk activity. 

These webinars and podcasts are designed to provide you with practical knowledge - including updates on the latest legislation, best practices, and industry trends. View the upcoming webinars and podcasts, and​ access past sessions on-demand at your convenience.

​Unclaimed pro​​​​​perty audits continue to ramp up, as more third-party audit firms jump into the marketplace. Audits are getting more in-depth and covering additional property types, affecting general ledger, securities, payroll, gift cards, and more. ​

Unclaimed property is a complex area and developing guidelines to ensure compliance is the key to identifying small challenges before they become substantial problems. Too often, companies only consider developing formal policies and procedures (or dusting off older, outdated versions) when faced with the prospect of an unclaimed property audit.

The FDIC examines banks using a risk-focused approach to assess safety and soundness and consumer protection, Community Reinvestment Act (CRA) performance, and adherence to laws and regulations. This process balances evaluating a bank’s condition at a certain point in time with assessing risk management and consumer protection processes for all phases of the economic cycle, including the ability to respond to changing market conditions.

Examinations are a key component of the supervisory process and help maintain stability and public confidence in the nation's financial system. By identifying and understanding the cause and severity of problems at individual banks and identifying emerging risks in the financial-services industry, the FDIC is able to develop effective corrective measures for individual banks, and broader supervisory strategies for the industry.