1 | FIPCO FOCUS | NOVEMBER 2017

FEBRUARY 2013NOVEMBER 2017

Last Chance to Register for 2017 Compliance & Software Forum

FIPCO Holiday Support HoursIn observance of the Thanksgiving holiday, the FIPCO and Wisconsin Bankers Association offices will be closed Thursday, Nov. 23rd and Friday, Nov. 24th. Please note that FIPCO will provide on-call software support service by dialing (800) 722-3498 on the following days:

• Friday, Nov. 24th from 8am – 8pm• Saturday, Nov. 25th from 8 am – 12 pm

We will resume regular software support and customer service hours on Monday, Nov. 27th. Questions regarding holiday support hours may be directed to the FIPCO Software Support Department at (800) 722-3498. Have a Happy Thanksgiving!

HMDA, TRID, HPML, HOEPA and more…we’re familiar with the “alphabet soup” of today’s compliance requirements, and understand the challenges that institutions just like yours are facing. Solutions like Compliance Concierge™ are crucial when it comes to compliance,

and we want to help you get the most out of this robust tool. We invite you to join us November 14-15 for the 2017 Compliance & Software Forum – Loan and Mortgage where featured speakers from the FDIC, Boardman & Clark LLP, Wisconsin Bankers Association Legal Department, and the FIPCO Professional Staff will share their expertise for increasing your productivity, profitability, and compliance proficiency.

Those who have participated in the past know what truly elevates this forum above others is the expertise of the FIPCO professional staff. With their exclusive knowledge of Compliance Concierge™ software, the FIPCO team imparts a level of experience and understanding that remains unmatched in the industry. Here’s what participants of last year’s forum had to say:

• “It was a great conference…we brought back valuable information for our coworkers!”

• “[The Legal/Compliance Q&A session] was extremely informative and interactive...a great way to tie any loose ends and answer questions.”

• “It was great meeting people from other financial institutions and learning about their processes.”

• “Great job once again! Thank you FIPCO!”

The forum is quickly approaching, so be sure to register today! Questions may be directed to the FIPCO Education and Training Department at (800) 722-3498.

Nov. 14-15 · Holiday Inn Hotel and Convention Center · Stevens Point

Compliance & Software Forum

LOAN + MORTGAGE

Have you noticed that more organizations are moving to “the cloud?” Recent estimates state that 90% of all businesses utilize cloud computing, but how do you know if these services are right for you? A key factor frequently cited is cost, with the focus directed towards evaluating a company’s current IT costs against cloud-based costs. We recently partnered with UFS Data Center, based out of Grafton, WI, and are pleased to offer you Compliance Concierge™ Cloud Services—an option that could save your financial institution $300* per month on your IT costs!

Cloud services can offer users greater flexibility, scalability, and efficiency. What’s more, organizations often enjoy a competitive advantage with the use of this innovative technology. When determining whether a move to the cloud is right for you, consider the following benefits of Compliance Concierge™ Cloud Services:

• Manageability – Cloud computing provides enhanced and simplified IT management and maintenance capabilities. Software updates and maintenance are eliminated, as all resources are maintained by UFS.

• Focus – The beauty of cloud computing is that the servers are off-premise, secure and out of sight. UFS maintains the systems leaving you free to focus on the things that matter —your customers and your business.

• Security – At UFS, security is the core of their organization, and is clearly visible in everything they do. Multiple layers of security protect computer systems, as well as all critical infrastructures supporting the facility.

Secure, compliant, and cost-effective. Contact us today at (800) 722-3498 for more information about Compliance Concierge™ Cloud Services, or to request a free, no-obligation quote customized for your institution.

Compliance Concierge™ Cloud Services Now AvailableYour institution could save hundreds of dollars per month on IT costs.

2 | FIPCO FOCUS | NOVEMBER 2017

NOVEMBER 2017

Who’s Monitoring Your Third-Party Vendors?Does your institution turn-over your network and

system management to a third party? With the limited information security expertise that many internal teams possess, you may face added challenges when monitoring and tracking third party activities. Often, third party vendors utilize a ticketing system that they share when making a change, or send an email alert or report from some tool that they’ve configured to notify you that they were on the system. Is that adequate, and is there independence? With this model, the third party is essentially providing the solution to monitor themselves. Many of today’s security teams are moving beyond simply trusting that the vendor testing is enough, and are taking a more proactive approach. But where do you begin? A simple way to start is by asking yourself the following questions:

My provider performs firewall testing. Is that enough?If your network service provider manages your firewall and performs the tests, it’s important to understand that this is not fully-adequate—even if they claim to use an independent tool. Although having your network services provider regularly scan your firewall is a good practice, you still need an independent assessment, and you need to ask whether you have the internal network security skills to ensure that the assessments are configured and results analyzed appropriately.

We outsource. Does that mean they’ll handle all the testing?In the case of an outsourced core services provider, recommenda-tions often call for contracting for independent tests or running them yourself; if you have the proper capabilities. Regardless, the service provider must supply evidence of an independent third party assessment.

AUDIT

ITLucky VISA Gift Card Winner

Sam Story of Shell Lake State Bank (pictured, far left) was the winner of a VISA gift card during the Wisconsin Bankers Association’s Secur-I.T. Conference held September 26-27. FIPCO Director – IT Services, Ken Shaurette, presented the prize.

To help ease the challenges of an ever-changing IT environ- ment, we invite you to connect with, and gain insight from your peers during our upcoming IT Threat Intelligence Briefing scheduled for December 14th in Madison.

Facilitated by FIPCO’s Director – IT Audit, Ken Shaurette, this event is conducted in a relaxed environment and is designed to give you a forum for networking and discussing current IT issues, with an emphasis on sharing experiences and learning from your peer group. Space is limited and will fill quickly so be sure to register today.

Connect with Your IT Peers…FIPCO® IT Threat Intelligence Briefings

What should I ask my vendor to provide?Your vendor management should determine adequacy by identifying who is performing the provider’s vulnerability tests, and looking for identification of an independent third party letter or executive summary evaluation of the testing results. If you aren’t seeing this, you may need to contract for your own vulnerability/penetration assessment or request that the provider do so, along with an independent confirmation of the results.

For more information, or to learn how FIPCO can help assess and ensure your institution’s Information Security Program, please contact FIPCO Director – IT Audit, Ken Shaurette at (800) 722-3498, ext. 251.

Monitoring Third-Party Vendors (continued)

(continued)

Regulatory Changes: • HMDA Final Amendments to Data Collection &

Threshold Changes – Jan. 1, 2018• Reg B Final Rule to Harmonize w/HMDA Data Collection

– Jan. 1, 2018• UCD File to provide PDF – April 1, 2018• BSA Beneficial Owner Requirement – May 11, 2018• Reg. CC Funds Availability – July 1, 2018• UCD File to Provide Seller Information – Sept. 1, 2018• TRID Final Rule Amendment – Oct. 1, 2018• TRID Proposed Amendment to Final Rule – would allow

comparison between CDs for tolerance calculations. – CFPB has not determined an effective date

• Redesigned Uniform Residential Loan Application – Feb. 1, 2020

Other Changes:• London Interbank Offered Rate (LIBOR) – Sun-setting by 2021

Upcoming Regulation Changes at a Glance

NOVEMBER 2017

NOVEMBER 2017 | FIPCO FOCUS | 3

4721 South Biltmore Lane | Madison, WI 53718P: 800.722.3498 | F: 608.661.9382 | fipcosales@fipco.comwww.fipco.com

November Software Training(All events are Compliance Concierge™ training courses.)

Nov. 7, 9am – 11am: Commercial WebinarNov. 7, 1pm – 3pm: Ag Loans WebinarNov. 8, 9am – 11am: Basic Consumer Loans WebinarNov. 8, 1pm– 4pm: Deposit Accounts WebinarNov. 14-15: Loan/Mortgage Software & Compliance ForumNov. 20, 9am – 11am: Real Estate Purchase WebinarNov. 20, 1pm – 3pm: Real Estate Refinance WebinarNov. 27-30, 8:30am – 4pm: Loan and Mortgage 4-day Training

To learn how you can benefit from FIPCO software training, visit the FIPCO website, or contact the FIPCO Training Department today at (800) 722-3498, ext. 233.

>>What is DocuSign? As the world’s largest and fastest-growing electronic signature platform, DocuSign can integrate with Compliance Concierge™ to help you securely send documents to your customers for signatures at the application stage and/or closing stage of the loan. Approvals and agreements can be completed in hours—not days, from anywhere and on any device. And the best part is, because FIPCO takes care of everything for you, it is not necessary to contact DocuSign to take advantage of our partnership!

Contact FIPCO Vice President of Sales and Marketing,  Art Weber at (800) 722-3498, ext. 254 for more information.

Just around the corner, the holiday season is a great time to extend best wishes to your customers. Updating items like currency envelopes, teller receipts and statement enclosures with seasonal designs are a great way to highlight your institution and connect with your clients. Now available, our 2017 Holiday Collection features a full line of items in a variety of designs,

each customizable with your institution’s logo and information. From drive-up envelopes and teller receipts, to statement enclosures and holiday checks, eye-catching holiday products are just a click away. View the complete 2017 Holiday Collection catalog and order form, or contact us today at (800) 722-3498, ext. 274 for details.

DocuSign Sip ‘n Sign Event

Have You Ordered Your Holiday Products?

For years, you’ve depended upon the American Financial Directory for reliable information about Wisconsin depository institutions. Be sure to begin the new year with the 2018 edition of this comprehensive and reliable resource by pre-ordering your copies today.

Streamlined and ad-free, this annual directory contains the most current information including every depository institution and branch in the state. With nearly 300 pages of useful information, staff can use the directory for essential

tasks such as verifying funds transfer information, finding peer contacts, staying up-to-date on competitors, and much more.

Visit the FIPCO website for special WBA membership pricing options, and complete ordering information, or contact the FIPCO Customer Service Department at (800) 722-3498.

2018 American Financial Directory Available for Pre-Order

Pre-OrdersShip…

Thank you to those who joined us for the October 4th DocuSign Sip ‘n Sign event held in Madison. If you were unable to attend, please join

us for an upcoming webinar or contact us today at (800) 722-3498.