Policies for social media and mobile devices and management programs for compliance led the list of information traded on the cbanc Network of online banking and credit union professionals last month, the company said.
Examples from May included bank and credit union presidents researching and reviewing policies for holding employees accountable for use of social media across all networks, keeping smartphones and tablets secure, and form letters that can be sent to customers and members about multifactor authentication and online security, cbanc said.
Other topics OREO policies, loan pricing sheets and environmental risk and liability policy for commercial loans, said cbanc President Myers Dupuy in Austin, Texas.
“The first question smart executives ask when tackling a new problem is … what are my peers already doing on this issue?” Dupuy said. “The exchange of this highly valuable content among industry executives shows they are using cbanc to answer that question.”
The cbanc Network now has more than 10,300 users from more than 4,500 financial institutions sharing and exchanging information, Dupuy said.
