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About Bequeaith Banking Solutions, LLC |
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Bequeaith Banking Solutions, LLC is an established professional services company employing industry veterans with a desire to help clients achieve their objectives while managing their regulatory risk.
Who we work for
Our clients include smaller deNovo commercial banks, larger community banks in growing markets and niche entities such as mortgage banks, finance companies and similar institutions. We have a history of success serving national and state trade associations with speaking and training needs. Additionally, we have successfully provided banking expert witness and litigation support services to interested parties.
Geographical markets served
Consulting practices tend to locate within several hundred miles of their primary client base and we are no exception to this practice. We currently have professionals located in the Kansas City, Twin Cities and Denver markets and serve institutions in those areas. However, we also serve select client relationships in markets outside of our home territories. These locations include Dallas, Houston, Washington, D.C., St. Louis, Albuquerque and others where financial institutions seek a level of support that they cannot find locally.
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Bankin' Bits
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The following items should be of interest to financial institution management and risk professionals. - The FDIC has updated the division name and address that appear on the Equal Housing Lender poster. The address to be reported is the same as appears on an FDIC bank’s adverse action notices, which is FDIC Consumer Response Center, 2345 Grand Boulevard, Suite 100, Kansas City, MO 64108. New lobby notice posters must be in place no later than August 7, 2009. Additional information and a sample poster can be found here.
- FDIC’s Temporary Liquidity Guarantee Program (TLGP) Remember that beginning December 19, 2008, every insured depository institution that offers its customers non-interest bearing transaction accounts should have posted a prominent notice in the lobby of their main office, at each branch, and on their website, clearly disclosing whether or not the institution is participating in the program. For more information be sure to read the FDIC’s FAQs on the program here.
- The Treasury and FRB adopted final rules regarding internet gambling in November 2008. The Act prohibits gambling businesses from knowingly accepting payments in connection with unlawful Internet gambling, including payments made through credit cards, EFTs, and checks. The regulators are required by the Act to develop a joint rule in consultation with the DOJ. This has not been completed yet and we do not have exam procedures. Consequently, most banks are putting this on their "to-do" list to consider later in 2009. Compliance is required by December 1, 2009 but due to the major mortgage reform occurring at this time, it is feasible that Reg GG may get delayed.
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"Bequeaith Banking Solutions provides more than just compliance consulting services, they provide peace of mind. Their staff is skilled and easy to work with and their work product is thorough and gives valuable industry perspective. They are a wonderful resource and business partner!”
Ms. Amy Hilgers
AVP Risk Manager, KleinBank
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