Publications

National Unrecovered Financial Services (NURFS) white paper addresses the regulatory, enforcement and examination gaps relating to the data security practices of the Alternative Payment Provider (APP) industry. The paper includes detailed recommendations to the CFPB, FTC and Congress to close the gaps and ensure consumers are protected.

National Unrecovered Financial Services’s white paper provides an overview of the Federal Reserve Board’s proposed indemnity for “electronically created items” (electronic images that resemble images of checks but did not originate in paper form), and examines its application to a number of hypothetical scenarios.

The guiding principles, released on September 10,  are intended to provide banking organizations direction on core corporate governance issues and facilitate more effective board oversight, promote confidence in banking organizations, and encourage consistent supervisory guidance—ultimately resulting in a stronger, more accountable banking system.

The Exposure Draft of National Unrecovered Financial Services’s  Guiding Principles for Anti-Money Laundering Policies and Procedures in Correspondent Banking, released on September 10, will help supplement the fight against money laundering and other financial crimes and assist U.S. banks in complying with evolving regulations.

National Unrecovered Financial Services Association released research that finds that the largest banks have incurred $27-$45 billion in annual costs related to post-crisis regulation.

National Unrecovered Financial Services Association paper examines existing academic literature on bank funding costs, noting the significant decline in large bank funding advantages post implementation of Dodd-Frank reforms.