Skip to content

Bankers' Hotline, Volume 16, Number 6

July 31, 2006

"Seasoned Customer" May Provide Regulatory Relief: Bipartisan Bill Passes House

A bipartisan bill called the Seasoned Customer Currency Transaction Reporting Exemption Act of 2006 being considered by Congress holds hope for some promised regulatory relief.

IRS & FMS Introducing New Bank Account Verification Process

The Electronic Federal Tax Payment System (EFTPS) introduces new bank account verification procedures.

Check FAX Ads

The FCC implemented changes to fax advertising rules effective August 1st.

In The News

Statistics, Facts, & Such

Training Page
Forgery & Altered Documents…Part I

by Dana Turner

Most forgeries can't withstand a careful examination - and forgers hope that their "work" is good enough to pass a casual inspection.

Online Account Opening

One financial institution takes its free checking account nationwide.


Paying for purchases by phone is making its way to the U.S.

From the editor's desk
I Should Have Practiced What I Preached

by Barbara Hurst

Many of us have gone through moving or downsizing during our career and find ourselves faced with the problem of accumulating so many necessary files.

War Stories

Questions & Answers

Other Bankers

Executive Editor:
Barbara Hurst
P. Kevin Smith, CPP
Contributing Editor:
Genilee S. Parente
Board of Advisors:
John S. Burnett
Peter G. Djinis, Esq.
William Gearin
Lucy H. Griffin
Mary Beth Guard, Esq.
David McGuinn
Robert G. Rowe, III, Esq.
Barry Thompson
Dana Turner
Andy Zavoina

Bankers' Hotline

Bankers' Hotline

Compliance Action