Making Due Diligence Easier with High-Risk Originators


June 19, 2014 - 5:30pm to 7:00pm
Eastern Time


The threats positioned by high-risk Originators, such as those practicing illegal payday lending, continues to be a challenge for financial institutions. To further support FIs and the payments industry with risk mitigation efforts, NACHA has developed a new white paper on Sound Business Practices for Evaluating Customer Risk. In addition, NACHA is expanding use of its Originator Watch List tool to state regulators, enabling these groups to populate the Watch List with Originators and Third-Party senders that have met certain risk criteria. Join risk management experts as they provide guidance on these practices, as well as new and existing tools you can apply to due diligence before onboarding new ACH Originators.

Takeaway insights on new and current tools available to mitigate risk:
  • Discover the NMLS (Nationwide Multistate Licensing System) - the system of record for state and federally regulated mortgage loan originators and a system of record for the registration of licensed money transmitters, pawnbrokers, check cashers, payday lenders and other financial services
  • Learn more about the new risk management white paper for evaluating customer risk
  • Hear about the benefits of using the expanded Originator Watch List
  • Gain knowledge on how utilization of these tools can help protect your organization from risk within the ACH Network

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Mary Burchette
SVP, Global Treasury Management, U.S. Bank‚Äč

Tim Doyle
Senior Vice President, Conference of State Bank Supervisors

Michael L. Herd
Senior Managing Director, ACH Network Rules, NACHA - The Electronic Payments Association

Moderator: Cynthia Jenkins
Senior Director, Risk Management, NACHA - The Electronic Payments Association

This event qualifies for AAP Credit.


Recording: $225 Member / $325 Nonmember

Access: Public